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Post by robbierobnj on Mar 10, 2020 11:32:33 GMT -5
That’s right if you get continued pressure on oil say 6 plus months of lower prices 4500 on the peso will be in the cards. I might pick a 5 bedroom in poblado for pennies on the dollar
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Post by saltador on Mar 10, 2020 12:19:48 GMT -5
That’s right if you get continued pressure on oil say 6 plus months of lower prices 4500 on the peso will be in the cards. I might pick a 5 bedroom in poblado for pennies on the dollar Why would continued pressure on oil matter? You (and others) have posted on this forum many times that oil really doesn't affect the peso that much anymore. Now instead of admitting you were wrong, you just pat yourself on the back. Typical. You should probably just stick with your 4000 prediction that you have been making for 5 years now. Eventually it will happen, and you can come back and say you told us so.
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Post by james on Mar 10, 2020 13:01:33 GMT -5
This huge uptick in the value of the dollar is a big plus for those of us who have dollars and live in Colombia and spend pesos. But there is a big downside too. Many of the commodities that we use on a daily basis come from the US, and they will go up in price in direct relation to the peso's downslide. Good old inflation. We were planning to buy several big ticket items over the next year, and I have decided to buy them now while the prices are low. In a short while they are going to cost more (maybe MUCH more) so if we buy now on credit, we will be paying back in cheaper pesos which will be a win. This coronavirus thing is scary. Airline flights, sporting events, and the like are being cancelled. If a large number of people get infected, it can cripple a country's economy. People unable to report for work may bring companies to a standstill. Unless the folks in charge come up with a cure and/or a vaccine, the only course is to ride it out and hope for the best.
- JAMES
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Post by tubes on Mar 10, 2020 14:14:07 GMT -5
James: While you personally may buy much from the US, I don't think that is true for the majority of residents. Colombia is quiet self-sufficient for everything from groceries to clothes and the cost of the large number of Chinese imports will balance out.
Good old inflation?? Nothing at all to do with it!
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Post by Deleted on Mar 10, 2020 14:44:08 GMT -5
James: While you personally may buy much from the US, I don't think that is true for the majority of residents. Colombia is quiet self-sufficient for everything from groceries to clothes and the cost of the large number of Chinese imports will balance out. Good old inflation?? Nothing at all to do with it! Sure Tubes it will have no affect, the dollar at these levels will severely stress Colombia and will cause inflation.. And with no way of paying for needed imports like machinery, food, medicines, refined fuel,etc oh and debt - IVA tax will be increased and the poorest will suffer the most..
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Post by gallito on Mar 10, 2020 16:29:47 GMT -5
Ya you also said gold was a bad investment
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Post by ozgringo on Mar 10, 2020 16:40:28 GMT -5
James: While you personally may buy much from the US, I don't think that is true for the majority of residents. Colombia is quiet self-sufficient for everything from groceries to clothes and the cost of the large number of Chinese imports will balance out. Good old inflation?? Nothing at all to do with it! Colombia has a negative trade balance. It imports more than it exports. With a weakened peso ofcourse it will have a big impact on the country. A lot of Colombia's debt is in US dollars which will squeeze already tight budgets.
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Post by Deleted on Mar 10, 2020 19:03:59 GMT -5
James: While you personally may buy much from the US, I don't think that is true for the majority of residents. Colombia is quiet self-sufficient for everything from groceries to clothes and the cost of the large number of Chinese imports will balance out. Good old inflation?? Nothing at all to do with it! Colombia has a negative trade balance. It imports more than it exports. With a weakened peso ofcourse it will have a big impact on the country. A lot of Colombia's debt is in US dollars which will squeeze already tight budgets. Exactly, Colombia has a big problem at this exchange rate..
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Post by elexpatriado on Mar 10, 2020 19:42:59 GMT -5
That’s right if you get continued pressure on oil say 6 plus months of lower prices 4500 on the peso will be in the cards. I might pick a 5 bedroom in poblado for pennies on the dollar Now you are getting a bit ridiculous
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Post by elexpatriado on Mar 10, 2020 19:46:44 GMT -5
James: While you personally may buy much from the US, I don't think that is true for the majority of residents. Colombia is quiet self-sufficient for everything from groceries to clothes and the cost of the large number of Chinese imports will balance out. Good old inflation?? Nothing at all to do with it! Sure Tubes it will have no affect, the dollar at these levels will severely stress Colombia and will cause inflation.. And with no way of paying for needed imports like machinery, food, medicines, refined fuel,etc oh and debt - IVA tax will be increased and the poorest will suffer the most.. havent noticed, but my maid tels me the grocers are using this as an excuse to create "non existant shortages" and raise prices..not just on imported goods
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Post by caliconnection on Mar 10, 2020 20:14:56 GMT -5
ERX? Generally, I'm not a fan of oil companies for investing, but I couldn't resist the 50% drop yesterday and bought some. ERX ended up being down 60% for the day.
I do believe EV's will take over the world, but not yet. Won't take much for oil to spike higher.
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Post by caliconnection on Mar 10, 2020 20:18:20 GMT -5
Ya you also said gold was a bad investment Over the last 10 years it's been a very poor investment. I could have got a similar rate of return with a GIC.
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Post by gallito on Mar 11, 2020 11:18:20 GMT -5
Ya you also said gold was a bad investment Over the last 10 years it's been a very poor investment. I could have got a similar rate of return with a GIC.
Respectively sir I somewhat disagree, gold is still a magic metal despite what your visual graphics say.Gold demand has never been higher,the easily mined gold is getter harder to find.Gold is bullish again,prices are rising and predicted to go higher.Market uncertainty,world turmoils and such are helping bolster golds worthyness.When the so called "dollar kill shot"comes to an end and paper money is worthless tangible things like gold and gems will be worth a kings ransom.
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Post by Deleted on Mar 11, 2020 12:55:09 GMT -5
4000 today? -3904 high do far
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Post by robbierobnj on Mar 11, 2020 14:44:30 GMT -5
This huge uptick in the value of the dollar is a big plus for those of us who have dollars and live in Colombia and spend pesos. But there is a big downside too. Many of the commodities that we use on a daily basis come from the US, and they will go up in price in direct relation to the peso's downslide. Good old inflation. We were planning to buy several big ticket items over the next year, and I have decided to buy them now while the prices are low. In a short while they are going to cost more (maybe MUCH more) so if we buy now on credit, we will be paying back in cheaper pesos which will be a win. This coronavirus thing is scary. Airline flights, sporting events, and the like are being cancelled. If a large number of people get infected, it can cripple a country's economy. People unable to report for work may bring companies to a standstill. Unless the folks in charge come up with a cure and/or a vaccine, the only course is to ride it out and hope for the best. - JAMES
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Post by robbierobnj on Mar 11, 2020 14:49:43 GMT -5
I have talked about the peso being pegged to oil to many times to do it again. The peso is not pegged to oil I stand by that it’s a combination of things and I don’t care reiterate any of them. I have been way ahead of most the payasos on this forum on the peso and colombia as a whole. I still remember morons calling for 1300 13 years ago on the peso. We get a sell off into the close today and on the open tomorrow and 4000 is here and I called it several years ago. So instead of trying to play the exact word game why don’t you to learn something you f@0#@g fossil
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Post by james on Mar 11, 2020 20:29:17 GMT -5
James: While you personally may buy much from the US, I don't think that is true for the majority of residents. Colombia is quiet self-sufficient for everything from groceries to clothes and the cost of the large number of Chinese imports will balance out. Good old inflation?? Nothing at all to do with it! TUBES - The things I purchase from the US I pay for in dollars, so there is no affect for me there. But if you go to any of the large supermercados there are many many US brand items on the shelf, and these most certainly will rise in price. You're correct that anything manufactured here will not be affected, but I still believe that we will see some inflation, mostly from merchants using the Coronavirus as an excuse to bump their prices. But hopefully not too much. in any case, as long as the exchange rate continues to climb, I will be a happy camper. - JAMES
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Post by james on Mar 11, 2020 20:38:55 GMT -5
I have talked about the peso being pegged to oil to many times to do it again. The peso is not pegged to oil I stand by that it’s a combination of things and I don’t care reiterate any of them. I have been way ahead of most the payasos on this forum on the peso and colombia as a whole. I still remember morons calling for 1300 13 years ago on the peso. We get a sell off into the close today and on the open tomorrow and 4000 is here and I called it several years ago. So instead of trying to play the exact word game why don’t you to learn something you f@0#@g fossil Robbie - I have to give credit where credit is due. You were correct about the peso reaching 4000/1usd. But it has happened due to the Coronavirus which is something I am certain you didn't foresee. Nevertheless, calling people names is a low-class move. I thought you were better than that. - JAMES
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Post by elexpatriado on Mar 11, 2020 21:57:15 GMT -5
I have talked about the peso being pegged to oil to many times to do it again. The peso is not pegged to oil I stand by that it’s a combination of things and I don’t care reiterate any of them. I have been way ahead of most the payasos on this forum on the peso and colombia as a whole. I still remember morons calling for 1300 13 years ago on the peso. We get a sell off into the close today and on the open tomorrow and 4000 is here and I called it several years ago. So instead of trying to play the exact word game why don’t you to learn something you f@0#@g fossil Robbie - I have to give credit where credit is due. You were correct about the peso reaching 4000/1usd. But it has happened due to the Coronavirus which is something I am certain you didn't foresee. Nevertheless, calling people names is a low-class move. I thought you were better than that. - JAMES Robbie better not go near any bridges. With his bad attitude, he wont have to jump, someone will surely push him. And he calls us grumpy. What a gruñon!!!
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Post by elexpatriado on Mar 11, 2020 21:59:19 GMT -5
NJ Robbie should read Dale Carnegie+s "How to win friends and influence people"
at least 10 times
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Post by Deleted on Mar 11, 2020 22:21:34 GMT -5
Personally I will confess, don't really care who has the biggest wanker, I like woman..
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Post by robbierobnj on Mar 12, 2020 9:09:12 GMT -5
Robbie - I have to give credit where credit is due. You were correct about the peso reaching 4000/1usd. But it has happened due to the Coronavirus which is something I am certain you didn't foresee. Nevertheless, calling people names is a low-class move. I thought you were better than that. - JAMES Robbie better not go near any bridges. With his bad attitude, he wont have to jump, someone will surely push him. And he calls us grumpy. What a gruñon!!! Look I was 100 percent right and for manny years on the peso more than a decade for those that remember the original forum. As for why I was right it would be the same as someone who predicted a decline and had the fortune of military action. Now as for being nice why should I be nice to people that try to play exact word games instead of trying to learn. Anyway enjoy 4500 it’s probably coming sooner than later I don’t see to much that will slow the decline in the short term.
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Post by sedelen on Mar 12, 2020 10:51:49 GMT -5
That’s right if you get continued pressure on oil say 6 plus months of lower prices 4500 on the peso will be in the cards. I might pick a 5 bedroom in poblado for pennies on the dollar Why would continued pressure on oil matter? You (and others) have posted on this forum many times that oil really doesn't affect the peso that much anymore. Now instead of admitting you were wrong, you just pat yourself on the back. Typical. You should probably just stick with your 4000 prediction that you have been making for 5 years now. Eventually it will happen, and you can come back and say you told us so. It has happened, today, 4,000 to a dollar. Last trading @ 4,048.25 www.bloomberg.com/quote/USDCOP:CUR
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Post by scumbuster on Mar 12, 2020 13:10:25 GMT -5
3972. looks like it didn't hold. Maybe it will close over 4000 tomorrow so everyone has the weekend to hit the ATMs...
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Post by Deleted on Mar 12, 2020 18:50:20 GMT -5
3972. looks like it didn't hold. Maybe it will close over 4000 tomorrow so everyone has the weekend to hit the ATMs... TRM for Friday is 4034.66 www.trmhoy.co/Scroll down for Friday rate..
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Post by robbierobnj on Mar 19, 2020 9:28:42 GMT -5
4200 was crossed. The peso actually is holding up better than I thought but it is still slowly losing value to the dollar.
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