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Aerospace

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Aerospace

Re: Thinman13 post# 20367

Thursday, 10/22/2009 12:53:54 PM

Thursday, October 22, 2009 12:53:54 PM

Post# of 29692
I’m just amazed Cramer would propose an ETF for a pegged currency. How would that be possible? Pegged currencies don’t move due to market forces. The rate for a pegged currency is set by the Gov/Central Bank of that country.
Say a major financial institution starts an Iraqi Dinar ETF. Iraqi officials could buy or short the ETF and then move the exchange rate and make a bundle of $$$.
You can’t have an ETF based on something that a person or small group of people control the value of.
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