View Single Post
Old 12-01-2008, 03:48 AM  
polish_aristocrat
Too lazy to set a custom title
 
Join Date: Jul 2002
Posts: 40,377
you can also place money in Poland

banks there are giving like 9% per annum for 3 months deposits, or 7-8% per year on 12 months deposit (minus 19% tax)

the polish currency also lost like 30% against the USD in recent 3-4 months or so but in the long term it will get strongerr again very likely, as Poland approaches the date when the PLN will be replaced by the EUR
so you'd get the 7% per year and an additional 15% or whatever because the polish PLN you bought will be worth more in dollars one year from now

then again I don't expect anyone here without any ties to Poland to do it
the financial crisis is not felt there in any way (yet) though, at least when it comes to bank bankrupcties or similar problems

here's the USD vs PLN 5 year chart for reference - you can see the slow, long term deppreciation of the USD and the sudden appreciation (probably temporary) recently


__________________
I don't use ICQ anymore.
polish_aristocrat is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote