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by Flaco Jimenez
Bank.
Buy the excess SGD already., and provide gold to keep the scavengers away.
I will no longer support the stability of the SGD with private money. That is your job.
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Comments
What do you suppose would happen if we just let it go?
o.0 the price will drop like free fall
Exactly.
I have kept the SGD stable for several months now.
Buying excess and selling gold.
Now I am done. This is the job of the Finance Minister and the Bank.
Also I wish to eliminate SGD from my portfolio as I no longer consider it a sound investment.
The previous administrations have printed too much currency and now that the economy is tanking the outcome is bleak for the monetary market. The choices are simple.
Either pretend nothing will happen and let the SGD hit bottom or use the Bank to remove the excess SGD and stabilize the market.
Either way you need to decide soon what action you wish to take as currently the MM is high on Gold price and low on SGD price.
I could help you buy some SGD. 😶
Actually no, I won't.
I'd just be called a PTOer with foreign allegiance, incapable of doing anything right again.
So meh, clean up your own mess this time.
voted & subed
so, correct me if im wrong, but if we stop buying excess, the value of SGD will plummet?