If € collapses, how much do I make?

everyone far too bearish on euro
going long today
 
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In my opinion, the Euro will end, but not anytime soon. When you've got such a huge short position (non-commercials) in a currency with all the news headlines supporting a collapse, there really is only one way you want to be positioned.
 
Masquerade said:
If I sell eur/usd and the euro-zone collapses, how much do I stand to make? Will price go to 0 or will it get suspended on the market and then i'm left in limbo similar to when shares get suspended?
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Personally, I'd be looking to not be in a trade on the currency itself - you might miss out if it does indeed go down the toilet. All the Euro positions will need to be unwound/cancelled somehow and you might find that this process gives little fish the shaft.

So - if you think Euro will go down le lav, can you not make money without a direct Euro bet?
 
DionysusToast said:
Personally, I'd be looking to not be in a trade on the currency itself - you might miss out if it does indeed go down the toilet. All the Euro positions will need to be unwound/cancelled somehow and you might find that this process gives little fish the shaft.

So - if you think Euro will go down le lav, can you not make money without a direct Euro bet?
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Well,there is a BET(!!!):cool: that you can benefit from the collapse of Euro, without being a direct Euro bet.

Unibet Betting, Casino, Poker. Play and win money.

Click on Sportsbook, then Non-Sport, Global and then Finance. Then you have a wide variety of options about EU countries and whether they will use Euro as their currency on 31st December 2012. So if you think that Greece will not use Euro by the end of the next year you will get 3.2 times your own capital. This is a yield of nearly 220% p.a. In case that Germany will not use Euro on that date you get 8 times your own capital. That is a whopping 700% return on your investment. Basically you can consider this bet as a Binary Option, where you get a fixed amount of money or nothing.

So, if you are so keen on betting against the Euro, simply open an account with them, deposit your funds in GBP, USD or any other currency except from EUR (so you don't have any risk of your funds being converted to another currency) and ....place your bet!!! However, this option is not available for US residents. Good luck mate!!!:cheesy::cheesy::cheesy:

P.S. : I have not placed any bet myself as I don't have any clear view of what can happen, so I choose not to take any position.
 
EURO is not going to completely collapse. There is just too much at stake. My take is that it will reach 1.000 vs dollar or below it and then make its move upward to double. it can take several years.
 
safvan said:
EURO is not going to completely collapse. There is just too much at stake. My take is that it will reach 1.000 vs dollar or below it and then make its move upward to double. it can take several years.
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it would not reach 1 because the economy would be booming before it even reached there

people are thinking

economic problems cause = > weak currency

but the truth is

strong currency causes => economic problems

because everything in the loopy floating currency system is mirror image set up to reward the country who trashes their currency most and punish ones who protect it.
 
squall321 said:
it would not reach 1 because the economy would be booming before it even reached there

people are thinking

economic problems cause = > weak currency

but the truth is

strong currency causes => economic problems

because everything in the loopy floating currency system is mirror image set up to reward the country who trashes their currency most and punish ones who protect it.
Click to expand...


I am proving your statement. It needs to reach 1 to 1 for the European economy to BOOM. It is well on its way to doing that. I believe by the time it hits that Europe would have great numbers.

Weak currency is GOOD not bad for economics.

Jobs will come back to USA and Europe from places where currencies are becoming stronger. This is how the economic cycles work.

Unfortunately like you said, many few understand this.
 
i dont think it needs to reach 1. when it got sold down the first time there was a mini boom (ignored by anglo saxon media) at 1.20. going to 1 would be ten years of gains given up.
 
If Germany pulls out, the Euro will go to 1.000 and less.
If Greece and a couple of PIIGS pull out, it will go to 1.600 and higher.
 
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