Chile Forum

Consider:

Dollar is fiat but currently the world reserve currency that all major world commodity markets price and trade those commodities in.

LONG-TERM direction is down, loss of currency reserve status without some kind of non-fiat reform, probable.

Peso is fiat. LONG-TERM direction is also down.

So if all national currencies are fiat, then what is left that has inherent value and can preserve value till the world currency markets are reformed? Commodities, precious metals, farmland, natural resources, even stockpiles of living basics like a warehouse of toilet paper might be good hedges to currency collapse. Direct plays, rather than fiat paper market derivative plays are to be preferred though the savvy and lucky might be able to make a killing in them and convert to more direct plays over time.

Hard part for us common folk - TIMING. SO money/personal resource management, staying informed, moving and acting when needed without hesitation will be key.

DIDN"T REALLY DIRECTLY ANSWER YOUR QUESTIONS DID I? If I knew the timing of exactly what will happen and when, I'd already own most of the Southern Cone, have multiple James Bond villain-style secret bunkers and would be too busy directing my worldwide enterprise to be posting on this board

eeuunikkeiexpat wrote:. . . . If I knew the timing of exactly what will happen and when, I'd already own most of the Southern Cone . . . [and] have multiple James Bond villain-style secret bunkers . . . .

Do you mean, you don't? Geesh, next you'll be telling us there's no Easter bunny or Uncle Sam!

FIAT IS FIAT.

xe.com shows USD/CLP at

499.900

The dollar index meanwhile sits at 72.49.

This does not look good for USD based persons if the dollar plunges below 72.

Market pricing in next week's Banco Central de Chile's rate increase??

FIAT IS FIAT.

Protect yourself because no one else will.

admin wrote:How many others are not seeing the red graph bars on the poll to the right of the check box options?

How many others use to see the graph bar, and are no longer seeing it?

I could not see your problem at first because when you are not logged in, the graph/poll seems to display correctly. When I am logged in as admin, or when I high jack your permissions to test them (nifty little feature of the forum when it works) everything displays correctly. When I created a new account however as a normal user and looked at it, it is very broken.

I have looked at the permissions, and I believe this bug that I will go chase when I get a second. Any details about what you are seeing would help me track it down.

I see it fine.. using Firefox 2.0.0.15

hang in there guys. I got a couple other projects on deck that I need to clear, and then I am going to do an upgrade to the forum that should get most of the bugs out. I also have been meaning to add some new features for a while. Just not sufficient hours in the day.

I am training a member of my staff to help with some of the technical grunt work around here, but I don't think I would trust the forum upgrades to anyone else but myself.

admin wrote:. . . . I don't think I would trust the forum upgrades to anyone . . . but myself.

Good!

Hope this helps one decide where/how to preserve your worldwide purchasing power in the coming months and years.

The Past 4 Years


Since January 2007


Since January 2008 - NOTE THE DIVE IN CLP AFTER BANCO CENTRAL'S INTERVENTION

Very interesting charts, EE.UU. Thanks for posting (and making?) them. They show me what I've thought for some time.

It's frustrating to know what to do but lack the means to do it.

Is it me, or these charts, all labeled as “Comparative Daily Exchange Rates: Relative to U.S. Dollar,” don’t actually match each other? If you look at the one which covers the months since January '08, and then look at the same span of time on the chart that covers the time starting in January ’07, and then the one covering the last four years, the plot lines don’t match each other on the different charts. At the beginning of this July, for example, on the last chart the CLP goes under 100, but not on the second one, but it is under 110, but then on the first one it is barely under 125, not low enough to be under 110, and then when you compare it to the rest, nothing pretty much matches.

Z., each chart begins with all indicators reset to "100", so that a percentage gain may read across the whole chart for each indicator and thus may relate all indicators to each other.

Hmm . . . . I just read what I wrote and am unsure whether it's comprehensible. Well, it's late here.

Yeah, I noticed that too. The plotting program is at:

http://fx.sauder.ubc.ca/plot.html

must have something to do with the time periods and the relationships between the squiggly lines based on that specific time period.

RWS, that may be, but since we’re superimposing spans of time, the plot lines should keep the same relationship to each other, but on one, gold is higher than silver, and on the other, silver is higher than gold in the same period of time—and that is the one easier to see.

The money is in the comparison against the CLP / Dollar rate since about Oct 07 when the peso started the roller coaster ride against the dollar. Are you better off (depending on your perspective)?

eeuunikkeiexpat wrote:Hope this helps one decide where/how to preserve your worldwide purchasing power in the coming months and years.

In fairness, see the pre-dodge thread: topic1704-45.html#p14606

Mark

2003
Dollar price of cheapest can of jurel - 0.45¢ mas o menos
Peso price - 330ish CLP

2008 pre April
Dollar price of cheapest can of jurel - $1.07 mas o menos
Peso price - 469 CLP

2008 Now
Dollar price of cheapest can of jurel $1.42
Peso price - 699 CLP