AmbergrisCaye.com Home Forums Belize Life News $ 1 US = $ 1 Canada: First time in 31 years

Gold is at an all time high.....I think....I don't deal in precious metals......don't think you would want to invest in gold now.....anyone with some expertise?

Speaking as a Canadian that loves to travel and dive . . WOOOOOHOOOOOOOO!!! YAAAAAAHOOOOOOOOOOO!!

Of course, all my excitement is totally related to travel dollars. I have some overall concerns about the direction things are taking.

I've run into a lot more Canadians at the mall today. (My cat instincts tell me nothing though)

According to the local news, (Washington state), Canadians are flocking down to purchase big ticket items like automobiles....despite the duty & tax they have to pay to get them back, they're saving thousands of $$$$. Good for the Canucks....go for it!

Clover, you are supposed to use your whiskers as sensors and then you won't run into things (or people).

Loansum, on the drive home from work today, I listened to two radio reporters. One was in Washington State and the other was in Vancouver, Canada. They were going to the same stores at the same time and comparing the prices of items. Toothpaste was less expensive here but everything else in the States was significantly less expensive than in Canada. Oh, except for Starbucks Double Double Mocha Latte which was $.35 more in Canada. For example of other differences, at the Gap, a certain type of jeans were $60 in Canada $40 in US, and a pair of men's boxers with dogs on the material, were 2 for $30 in Canada and 2 for $20 in the US. It's a great time for Canadians to shop in the States.

Vehicle prices are 25% lower in the US - Hubby and I are both buying new autos and would never consider buying here - will use a broker to buy from the US and save big time.

My biggest beef is the price of books. A typical hardcover is $29.99 US and $45.99 CDN. Wassup wit dat?

Loansum, I dont pretend to be an expert in precious metals, but I have done quite a bit of research on the subject.

1. The dollar is under significant and historic selling pressure

2. Gold managed a rally yesterday in the face of a slide in
equity prices

3. Gold is almost $90 per ounce over mid August

4. Yesterday gold closed $30 per ounce over last Fridays close

5. The CBOT futures options are trading higher through next
summer

If there ever was a time to buy gold, today is the day if you havent already. I took a small position last March at $640 and a heavier position at $651 (coins, not bullion). It opened today at $756.

Silver. History says gold trades at 24 times silver. Today its around 50 times which suggest one of two things, either gold is over priced (the Bulls dont think so) or, silver is about to explode (the Bulls think so)

This is of course just my opinion and means nothing to anyone but me.

Ernie

nova, part of that's a hidden tax on publishers that's supposed to go back into grant and tax relief programmes to support Canadian author's, artists (musical as well others), films and such.

http://www.qp.gov.bc.ca/statreg/stat/I/96215_08.htm

Hey, I support 3 kids! Those artists and authors can bloody well support themselves!!! (Or get their parents to support them!!!!)

Bummer for all my friends back in Montana, used to be a nice money saver as it was customary to go across the boarder to buy school cloths and supplies. We used to go every year, a lot of us. also at Christmas we would go across and shop, guess they wont go spend any money in Canada now.