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+--- Thread: Interest rates gambling (/thread-270.html)
Interest rates gambling - Benn - 06-03-2008
Can I gamble on the differences between the rate of a loan in one country (example 3%) and the interest rate gained from a deposit in another country (example 8%)?
Re: Interest rates gambling - Terry - 06-03-2008
it's possible, many people used to do that in the past, but you have to organize your work step by step otherwise you will not succeed
Re: Interest rates gambling - Steven - 06-17-2008
never do that. You have to understand that if a country has a high interest rate, its economy is very weak. So consequently depositing big amounts is dangerous.
Re: Interest rates gambling - Faw_Peter - 06-19-2008
about a decade ago, the interest rates in Mexico offered 25-30% a year. So Americans decided to gamble on it. But one reform in the financial sector changed everything and the interest rates went down! Think about it.
Re: Interest rates gambling - Steven - 06-20-2008
what you can do now is gamble on the weak dollar. Many European companies which concluded contracts with American companies now benefit a lot from the poor rate of dollar.
Re: Interest rates gambling - Faw_Peter - 06-24-2008
yes, also many eastern European governments which concluded agreements with Russian gas and oil suppliers received a lot of income due to the weak dollar. It will keep depreciating until the US elections are finished.
Re: Interest rates gambling - Benn - 06-25-2008
Japan is considered to be the country which gives loans at the lowest interest rate, that's less than 1%. But, the problem is that it's very difficult to obtain a loan in Japan.
Re: Interest rates gambling - Faw_Peter - 07-01-2008
Read about how gamblers win in New York as interest rates go up.
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Re: Interest rates gambling - M.Helen - 07-03-2008
that's nice, but we're not in New York. In poor countries it is more difficult to do that.
Re: Interest rates gambling - Terry - 07-09-2008
there are countries now which offer about 30% on deposit interest rates in local currency. So, you can deposit it, and take loans in dollars. The risk is that those currencies are not stable.
Re: Interest rates gambling - Hakan G - 08-30-2008
Well this story is old enough since currencies like the Mexican Peso started to make unexpected moves. But till then, traders around the world were doing this and making quite a profit, as the peso was depreciating in a continue rate.
Re: Interest rates gambling - Terry - 09-04-2008
is there now a country that is in a similar situation Mexico was those times?
Re: Interest rates gambling - Nicholas - 09-07-2008
If there were we would be knowing that.
RE: Interest rates gambling - Bowni - 11-24-2020
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