Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: elmatador who wrote (12132)	12/26/2001 7:43:00 AM
From: TobagoJack	Read Replies (2) of 74559

If I understood you correctly, then yes, I borrowed, hypothetically, USD 100k of Yen, converted to Yen, and will pay 1.125% interest for the fun of using it 365 days, and will shoulder the exchange rate non-risk on my account when I return the Yen loan at any time. In this case, I am using the proceeds of the loan only for betting on gold and its derivatives, shares and options, possibly futures. Chugs, Jay

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