Korean Job Discussion Forums

talltony4 · Joined: 09 Aug 2004

This question is becoming very very relevant to me since most of my money is in won and I expect the demise of the dollar sooner rather than later.

How will US inflation affect the won?

At what point will the Korean govt stop trying to manage the won v dollar exchange rate?

If every currency in the world was free floating, how would the won compare? Are Korean economic fundamentals decent or are they dependent on a cheap won?

My other choice is the New Zealand dollar. NZ has natural resources and food, which is good, but they also have lots of overseas debt. Is the NZ dollar a better bet than the won?

Any currency gurus out there?!

Thanks

caniff · Joined: 03 Feb 2004 Location: All over the map

I have no idea, but why not post an article or something first before you seek financial advice? It adds grist to the mill, so to speak.

I just googled "future of the korean won" and came up with this:

http://www.forecasts.org/won.htm

Now we're cooking with gas as my grandfather used to say.

talltony4 · Joined: 09 Aug 2004

Thanks Caniff,

yeah, something like that is good, I should have included it, but I'm thinking longer term. Like 2 to 5 years out.

I'm guessing something like this:

1. US dollar collapse

2. Exports to US collapse

3. Korean economy takes a hit, but this could be partially offset by cheaper commodities

4. Korean consumer debt becomes unsustainable

5. Korean housing price collapse.

6. Talltony4 buys 49 pyeong apt for peanuts, but pays 10,000 won for 1 roll of kimbab and struggles to find work.

7. Korean economy recovers due to strong infrastructure and high technology.

Does that sound about right?

mises · Joined: 05 Nov 2007 Location: retired

The won will do what the BOK wants it to do.

hondaicivic · Joined: 01 Jul 2010 Location: Daegu, South Korea

mises · Joined: 05 Nov 2007 Location: retired

caniff · Joined: 03 Feb 2004 Location: All over the map

fusionbarnone · Joined: 31 May 2004

The unrest in the ME upsets 67% of Korea's business. Won is tied to the Greenback and that is tied to Qauntitive easing(Print money)

brucefox · Joined: 23 Jan 2011

I woulda recommended XAU, I made some real nice profit off it last few years, but it's too damn expensive nowdays to make any profit off it. But it will be pretty damn secure.

So I recommend XAG. The value's been steadily going up and there's a shortage of metal thesedays. I assume XAG rate will continue to rise for the next few years.

And when the economy collapses in developed worlds, you end up with REAL money, rather than the stupid FIAT currency that will only be good for wiping your ass.

Steelrails · Joined: 12 Mar 2009 Location: Earth, Solar System

When I played the Cyberpunk 2020 RPG there was a fictitious Latin American country that was described in I believe Solo of Fortune 2. The country had two exports- Something worse than a Tequila-Soju hybrid and garnet paper.

The country's currency was so worthless and the rate of inflation so high, that the paper was printed directly onto the toilet paper (garnet paper, no less- ouch!) and the notes in the roll corresponded to the rate of inflation. At the start of the roll it would be ten thousand notes and by the end it would be hundred-thousand ones.

I see this as always a possibility. Hopefully it will be sans-garnets.