I will believe the Saudis don't see any upcoming problems with Ghawar when they cancel one of their projects due to low oil prices. If they continue to be full steam ahead with increasing their capacity then I think they are aware that Ghawar may not be as robust in 5 years time as they would like us to believe.
Posted: Thu Apr 07, 2005 1:44 pm Post subject: Mortgage in dollars
I'm about to sell my apartment, and buy a house.
I'm ambivalent about if I should rent and wait a year before I buy.
But anyway, I live in Norway, and the NKR (our currency) is strong, and it will probably be one of the most sturdy currencies past peak.
So I've been wondering if I should take out the loan, or at least a part of it, in another currency.
I've been monitoring the dollar a bit, and it seems to be tapering before a fall.
But it's the dollar, it's supposedly infallible, so I'm not sure if it's gonna collapse anytime soon. No- one wants it to devaluate.
Am i wise in loaning dollars?
Should i loan Euros or Yen instead?
Or am I to clever for my own good?
What is your primary objective, getting a loan or currency speculation?
Cheers,
My goal is to have so little dept as possible.
So I'm thinking that if I take up a loan in a foreign currency, the loan will be reduced by a lot when the currency drops in relation to the NKR.
I'm aware my brilliant plan can backfire, but the odds favour me. I think.
The dollar seems to be a prime candidate, as it can actually devaluate if thing go as some say. I'm not hoping it will happen, but I'm pretty powerless to do anything about it anyway so why not make my situation better if it happens.
My goal is to have only about 20 000 $ in dept in 5 years, and that ain't gonna happen without a winning lottery ticket or some cleverness.
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum
News
Discussions
Resources
Members
Forum FAQ
Search
Usergroups
Profile
Log in to check your private messages
Log in
