Would my business survive? - Printable Version
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Would my business survive? - turtlepete - 04-11-2010 11:15 PM
Hi fellow concens,
I am in process of building a new business and am concerned with the forth coming economic difficulties and how much impact it may have on my new business venture. And particularly if we see the collapse of world fiat currencies, and a super charged up move in gold.
The business I am starting is a web money exchange place. So basicaly I will be doing exchanges between the varoius online payment systems (paypal, moneybookers, neteller, liberty gold, etc.) and establishing a marketplace for the conversion of such things.
I am wondering with this new area of commerce how it may be affected by a great depression?
Any thoughts would be much appreciated, thanks.
RE: Would my business survive? - h3rm35 - 04-12-2010 02:22 AM
money business will suffer, unless you're a large bank, unless you want to build it to sell it quickly, and even then there's lots of competition - there always has been.
this is just one thread to check out, you might want to spend some time in this sub-forum, check out max keiser and read matt taibbi.