Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi all! We have been experiencing an issue on site where threads have been missing the latest postings. The platform host Vanilla are working on this issue. A workaround that has been used by some is to navigate back from 1 to 10+ pages to re-sync the thread and this will then show the latest posts. Thanks, Mike.
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

What cyurrency should I invest in if the eurozone collaspes

2»

Comments

  • #52
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,420 Mod ✭✭✭✭Jim2007


    dxhound2005 wrote: »
    The thing to watch out for now, is those with an interest in certain assets trying to stoke a feeling of panic, to make a killing from whatever they are holding. I saw something similar when there was a bank share flotation. A lot of advice suddenly appeared warning prospective investors off, and extolling the virtues of another bank's shares.

    You obviously need to get out more... as this practice is very very common for all flotations.


  • #53
    dxhound2005
    Registered Users, Registered Users 2 Posts: 21,388 ✭✭✭✭dxhound2005


    Jim2007 wrote: »
    You obviously need to get out more... as this practice is very very common for all flotations.

    As is the rumour mongering that X country has fired up their printing presses to produce Drachmas, Punts or whatever, due to the imminent collapse of the Euro. And financial journalists are not immune to trying to make money out of this game. So again everyone be careful to consider whether there is an ulterior motive when someone tries to push a particular asset, or tries to rubbish the Euro.

    https://www.theguardian.com/media/2005/dec/08/pressandpublishing.mirror1


  • #54
    Marcusm
    Registered Users, Registered Users 2 Posts: 10,437 ✭✭✭✭Marcusm


    LeinsterDub wrote: »
    Where they are printed makes no odds it's one currency

    While it remains functioning you are correct. However, few arrangements are in place to deal with any collapse. Back in 2010, greater demand existed for Bundesbank series notes as these are its liability and would be expected to have greater backing in the event if a collapse. Likewise deposits in German banks would likely get redenominated in a new German currency whereas deposits in Irish Banks would get redenominated in any new Irish currency. If the euro collapsed, these would not, at least in the immediate aftermath, maintain parity of value.


Advertisement