Will the Castro news be an excuse for the markets to go up?
Answers: Nope. But if the market happens to go up then the media will probably attribute it to that.
No. Nothing has fundamentally changed as far as US business is concerned. The US does not have economic ties to Cuba because of the government embargo and it's still the same Cuban government and policies. There's just a different guy who is officially in charge.
The markets will react when there are fundamental changes in US government policy towards Cuba. That won't happen until there are major changes in Cuban policy regarding democracy or Washington comes to its senses, whichever comes first. (I wouldn't bet on Washington coming to its senses any time soon).
The truth is that virtually no one in the US pays any attention to Cuba other than Cuban expatriates in Florida and the politicians who try to get their votes. If the market goes up today, it will be coincidence. Cuba will have nothing to do with it.
When Castro actually dies they might. Cause his brother is expected to give up power when Castro really kicks the bucket. Guess he never really wanted the job.
Can someone please explain the relation between gold,doller and crude oil?
Answers: I'll put it in simplest form since I'm not a professional economist nor financial analyst.
bad economy *(high price of oil) - leads to - weakend dollar*.
weakend dollar - leads to - rise of value of gold**.
rise of value of gold - further leads to - weaking of dollar**.
*there are many other factors that weakends the economy, such as tsunami, war, terrorism, epidemic, just name anything that is bad and have great consquences.
*U.S. dollar is suppose to be the universal currency of the world, thus it become the indicator of few things; such as economy, inflation, etc.
**gold is commodity but in some sense currency as well. Because gold always has been the medium of cumulating wealth because it is accepted everywhere and not limited by boundaries or language. gold is gold.
**since dollar is suppose to be the universal currency, when other means of currency (i.e. Euro, Gold) threatens it's value backed by "faith," (meaning dollar bill is good, as long as it is accepted by other. If people don't want it then it has no value), the actual worth drops.
obviously the whole, intricate relation between all three is more complex than what I explained above...
If you want to find more in-dept on your own. go to website
http://goldismoney.info/forums/
selling gold earns u dollar so u can pay for gas for ur car which comes from oil.
you need gas/oil for you to go buy some gold using the dollar or you can use the oil for your car to sell some gold giving you back dollars to cover the cost of oil.
clear?
does humor count for the 10 points?
Yes, all the three are related..
Earlier(in 2007...what i noticed..) there was a relation in the movements and trend of Crude Oil and Gold but coming into the new yeat this particular link in price movements in broken.
Coming to dollar.if the dollar weakens then Gold will rise...so lets say if the FED cuts rate once again today...dollar will gain and we will see Gold decline.
you may track the euro's movement now as they both go together...if the euro falls, Gold falls and vice-versa..
weakening dollar means gaining euro.
I hope this helps!
Boy you opened up a bees nest here. Again as above this is not one simple answer but here's some more for you.
Until Nixon, Gold was the backer for the U.S. Dollar. The dollar had intrinsic wealth. There was a real value to it. When Nixon made the U.S. Dollar the currency for the world, he removed Gold as the backer for it and the dollars value was based on trust and faith.
Now since the dollar has no real value (or what we call fiat money), we now have inflation and devaluation of the dollar. Many things can effect it's value. War currently has put a huge strain on our economy, specifically paying for it. This Presidency has borrowed more money to pay for this war than any other Presidency in history. Kind of like consumer debt only it's our Government.
This Presidency has gone to great lengths to fool all of us that our economy is in good shape. They have added additional currency into our economy via various programs such as tax rebates and increased unemployment benefits to name two. When you add new money into the market this weakens the value of the dollar. You may believe that you are making or have more money, when in reality it doesn't buy what it used to.
You used to be able to determine our economy's health by M3, however the Gov't. no longer will tell us what M3 is making it harder for us to know our economy's health.
They tell us we are running around just a few % inflation when in fact it's around the low teen %.
Now back to your question. If our dollar is losing value, then when we buy oil we are charged a higher price for the oil because they (mid east) know that by the time they get paid, it will be worth less than before. To compensate for this the barrel price of oil goes up etc. etc.
Gold typically will rise when the dollar devaluates since gold has a real value. This is why since March 2000, Gold and Precious minerals (mutual funds) have been rising and out performing the S&P 500. When your investment begins to lose it's value, many switch to Gold to continue it's value.
Gold is expected to increase nicely thru 2012. They are very volatile but over time will out perform many other sector funds.
Our economy is going thru a danger zone decline right now which began in Nov. '07. Once it bottoms out (possibly a decline of 30% plus) we will see many sectors begin to make a nice profit. The 8th year in every decade has typically been the 2nd best year in the market.
Oil and the U.S. dollar will unfortunately continue to do poorly.
I hope this long dissertation helps you.
If dollor up the gold and oil price will up .
WILL I LOOSE ALL OF MY RRSP BY LATER THIS AFTERNOON DUE TO The CURRENT GLOBAL STOCK MARKET CRISIS ??
I have $5,000 surrounded by my RRSP, & last year I get a loan for $20,000 to invest in my RRSP. Now I'm wondering that if by This Afternoon will I hold lost all of my money that I hold invested in my RRSPdue because the Global Stock Market crisis ?Also I'm still paying for that $20,000 loan untill 2017.
Also Can I stop continuing making payments for that RRSP, which is the $20,000 loan, ??
All suggestion is greatly appreciated.
Thanks.
Answers: Almost definitely not.
RRSP refers to a duty deferral plan set up by federal government to assist individuals within saving for retirement. You can invest surrounded by a large number of investment vehicle including savings accounts , GIC's, mutual funds. This inventory is by no means exhaustive. Now you did not voice what your investments were, I suspect they be mutual funds. Now none went to nought this past week, Pundits suggest this will be a tough year but will represent a apposite buying opportunity.
It is a great idea to be aware what your investments are.-blue chip Canadian stocks. Asian funds or what lately for your peace of mind
So a guess might be that your account is down $1000. This is not a disaster, I suspect you enjoy a long time to retirement so you will have lots of time to verbs those losses.
Defaulting on any loan is a lousy idea. It would hold major impact on borrowing surrounded by future.