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Originally Posted by Coatsy
Am I correct in thinking that one of the main goals of the EU is to become at the very least a rival to the dollar for the trading of oil ? I've always seen this as a major reason why so many changes have been made within the EU.
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Don't think there is any doubts that the EU is going to be a major factor in stable economic currency - that has already started happening. With that, comes loads more stuff - even for regions like Asia and the Middle East.
OPEC have this problem
Sure, they want a stable currency to trade oil and the pressure for change is already underway. But, there are other factors and near the top of that list is undoubtedly the damage factor if they did change oil currencies and where prob most damage would hit the US (means the US economy would be converted to the status of Argentina within a year).
Nobody wants to cause that damage (including these "evil Arabs"
) - so they got to find a way, assuming the US dollar does not become more stable of gradually moving over to another more stable currency. Sure.. the Euro is an obvious potential currency - and one that has already been discussed.
Who knows, but think that will prob happen in the end.
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Originally Posted by Coatsy
If I had money to invest, do you think Asia would be a stable long term investment ? Or the best place to invest money, I'm keen on living in Asia for at least 6 months a year. I'm 22 and single so luckly for me, nothing is tying me down
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Damned good place for investment Coatsy - especially if you want to live there. There were several places specifically mentioned in serveral economic reports for top investment return - one was Asia in general, another was in Latin America (specifically Costa Rica and Panama).
I'm in Costa Rica now and looking generally at a 50% return on investment annually (land holdings) - and no signs of any change on that.
There are some other folks on GFY based in Panama and rate their assessment as well - pretty much know how good it is and will prob end up with property there as well.
By targetting a few specific Asian countries and doing some research - I'd think you could hardly go wrong - but getting a return far higher than anything possible in the UK or most other "civilized countries" (and often tax free).