Quote:
Originally Posted by ken0042
A couple of things to keep in mind:
- The US dollar has to rebound in enough time for you to make money. For example if the US dollar ends up going up 20% in the next 4 years, then there are better ways to make your money.
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I would think you would obviously purchase something that is priced in USA dollars, hoping you get the double scoop of an appreciation in the asset as well as appreciation in the currency.
Interesting note: The MCSI World Index is up 11.4% year to date but is negative 10.6% in Canadian dollars. The American Standard & Poors 500 Index is up 6.4% in 2007, but is negative 14.6% in Canadian dollars.
Canada is killing everything.
When and if that reverses, you'll make a lot of money in assets denominated in other currencies. The question is, obviously, "when?"
Cowperson