US Dollar or British pound

[zoomfin]

Doesn't matter whether HKD is pegged or not.  OP is looking for a safer place to put their cash.  The Asian currencies are a better bet than their Western counterparts for the time being.  Gold has had a great run, no doubt about it.  Looking toppy at this point, though.

hi Vul

yes, gold had its run but corrected from its high, it seems to be breaking out....




Again if you think USD will depreciate further, then inversely you should think gold will go up.

[Vulcanl]

Gold is notoriously volatile.  ECB is looking to increase interest rates.  Asian central banks will need to raise their rates to fight inflation.  These moves will result in alternatives to Gold. 

USD is not the only game in town, investors are trying to move away from our currency.  This will change the historically close relationship to Gold.

[zoomfin]

Gold is notoriously volatile.  ECB is looking to increase interest rates.  Asian central banks will need to raise their rates to fight inflation.  These moves will result in alternatives to Gold. 

USD is not the only game in town, investors are trying to move away from our currency.  This will change the historically close relationship to Gold.

Totally agree that Gold is volatile...but its a great alternative to the currncies ESpecially in a climate of inflation and hyper when fiat devalues drastically.

The beauty with gold is: it can be a currency as well as a commodity hedge aganist devaluation of currencies. Its risen in ALL currensies in the last 5 yaers.

On a diff matter, hows the workin life like in SG? Its is really 14 hr day and 7 day week. Getting all sorts of responses. i have a cuz working in bank says 7 days a week and coming home 10pm! i wouldnt come over to work like that!

[Vulcanl]

I would say Gold is OK as a short term investment, so in the case of OP's post it might suit.  My basic assumption that drives personal investment is that we are undergoing a secular shift away from the West and back to the East in terms of the World engine of growth.  We should therefore not rely on recent (within the past 300 years) history as a guide for what's to come in terms of investment returns. 

Re: SG I can only speak about Financial Services.  You are correct that the big banks are basically white collar sweatshops.  Smaller firms provide better environments.  There are tradeoffs, each to his/her own preference.

[sure it does]

Doesn't matter whether HKD is pegged or not.  OP is looking for a safer place to put their cash.  The Asian currencies are a better bet than their Western counterparts for the time being.  Gold has had a great run, no doubt about it.  Looking toppy at this point, though.

If HKD is pegged then why buy it instead of US.  What are the relative interest rates?

[Vulcanl]

Sure it does,

In this shift taking place it is wise not to let the past be a guide for what happens next.  China has allowed the Yuan to appreciate against the USD by 20% or over the last couple of years.  There's no reason why HKD won't follow the same course, and as a matter of fact ample reasons why it should strengthen vs USD