Recent content by lasner

Thanks, I'll check them out

who else is there

I could only find 4 to 1 leverage with forex.com, IB, etc.. Do you know of any other U.S. brokers with higher leverage for USD/TRY

I'm looking for leverage for an exotic forex pair - the USD/TRY which is the U.S. Dollar and Turkish Lira. Does anyone know of a U.S. broker that gives high leverage for that pair. Thanks

I'm sure they got insider information. Their fund made a 4,500% return in 10 years when the DOW only returned 50% in that same time frame. So I'm sure they were probably buying gold and selling it. Probably made money on the way up and down. Again, intel helps. In regards to the Bolivar I...

I'm sure you make money trading. It's probability theory, you don't make money trading

That's a good idea though. How do you make money in a hyperinflated currency. Looks like Bolivar will hyperinflate again.

Gotcha, so the price of gold just increased in Bolivar as well as everything else. Unlike the U.S. in the 1970s the price of gold did increase compared to the DOW. The DOW flatlined but Gold went through the roof, hence, stagflation. It looks Venezuela is a little bit different no stagflation...

Look at the chart of Gold, that is where money was made. You could probably make on the currency as well.

In his first fund he did. That is all they bought, was commodity and gold. Him and Jim Rogers. They also sold options against the DOW. The DOW did not move. Gold moved. Money was made in Gold and commodity

The question is, how do you cash in on Bolivar devaluing again...hmmm... maybe through the currency, not through gold

They devalued both currencies by Gold moving

Right same thing just way more extreme. George Soros made all the money buying Gold

Gold in Venezuela went up 3.1 million percent in 2018 - https://www.forbes.com/sites/greatspeculations/2018/08/06/wait-until-you-see-the-price-of-gold-in-venezuela-right-now/?sh=589f7b625fd2 It just recently went up 4.2 billion percent in 2022. Look at this chart, just scroll down to the...