Investing in Precious Metals 101 Ad

“Safe” Currency?

Login or register to post comments Last Post 8583 reads   12 posts
Viewing 10 posts - 1 through 10 (of 12 total)
  • Mon, Nov 17, 2008 - 05:47pm

    #1
    mhs999

    mhs999

    Status Member (Offline)

    Joined: Nov 17 2008

    Posts: 2

    count placeholder

    “Safe” Currency?

Are there any currencies that are relatively less exposed compared to the USD?  I had been thinking of the Swiss Franc but have been reading on the site that even the Swiss Franc has a large exposure to emerging market currencies.  I had been considering using the FXF (Swiss Franc ETF) as a sort of "savings account" but now am thinking that is not wise.

Thoughts?

Thanks,

Mark

  • Mon, Nov 17, 2008 - 10:28pm

    #2
    pov56

    pov56

    Status Member (Offline)

    Joined: Aug 26 2008

    Posts: 13

    count placeholder

    Re: “Safe” Currency?

Jim Rogers recommended Yen and Swiss Francs. http://greenlightadvisor.com/glablog/2008/10/10/jim-rogers-buying-commodities-yen-and-swiss-francs/

John Williams (Shadow Stats) recommended Swiss Francs and Canadian Dollars.

  • Mon, Nov 17, 2008 - 10:48pm

    #3

    krogoth

    Status Platinum Member (Offline)

    Joined: Aug 18 2008

    Posts: 512

    count placeholder

    Blame Canada

I am leaning towards Canadian dollars. I have a lot of Canadian friends over here in Taiwan, ex-pat workers, who seem pretty confident in the Canadian banks getting through this. I am always wary converting to a dollar called a loonie, that makes me a bit nervous (joking for all you Canadians)

 Comments?

 

 

 

 

 

 

  • Mon, Nov 17, 2008 - 11:22pm

    #4
    pov56

    pov56

    Status Member (Offline)

    Joined: Aug 26 2008

    Posts: 13

    count placeholder

    Re: “Safe” Currency?

I was leaning towards the asian (yen and yuan) since japan and china have large foreign reserves and less exposure to our mess.  Then there is BRIC – Brazil, Russia, India, and China but it is harder to buy those currencies (except Brazil).

  • Tue, Nov 18, 2008 - 12:16am

    #5
    switters

    switters

    Status Gold Member (Offline)

    Joined: Jul 19 2008

    Posts: 436

    count placeholder

    Re: “Safe” Currency?

My wife is Canadian and we own some land up there (we’re in CA now).  We’re selling that land (not in the right place), and we plan to keep it in Canadian dollars.  I think there’s going to be pain in Canada but overall their banks are far less exposed and they’ve got a lot of natural resources that are going to be in high demand – if the US doesn’t invade and take them over, that is.

  • Tue, Nov 18, 2008 - 12:25am

    #6

    krogoth

    Status Platinum Member (Offline)

    Joined: Aug 18 2008

    Posts: 512

    count placeholder

    Amero

Or if the rumors of the AMERO become true, basically Canada will be a goner, Mexico will be celebrating in the streets, and America will be in the middle sucking on it.

 

 

 

 

 

  • Tue, Nov 18, 2008 - 01:18am

    #7

    Ray Hewitt

    Status Gold Member (Offline)

    Joined: Apr 05 2008

    Posts: 277

    count placeholder

    Re: “Safe” Currency?

Gold and silver. That’s it.

  • Tue, Nov 18, 2008 - 01:40am

    #8
    mhs999

    mhs999

    Status Member (Offline)

    Joined: Nov 17 2008

    Posts: 2

    count placeholder

    Re: “Safe” Currency?

My thoughts on the C$ is that their economy is 90% intertwined with ours.  I’m doubtful that their banks will be able to maintain independence.

 So in terms of gold and silver, actual physical metal?  Gold coins and such?

  • Tue, Nov 18, 2008 - 03:44am

    #9
    pkurys27

    pkurys27

    Status Member (Offline)

    Joined: Sep 29 2008

    Posts: 1

    count placeholder

    WisdomTree Chinese Yuan Fund”, Symbol – CYB.

Jim Rogers, the famous hedge fundinvestor and author, who has ditched life in Americato raise his young daughter in Shanghaiso she can learn Chinese. 

Jim Rogers said once in a Bloomberg interview that "he isshifting all his assets out of the dollar and buying Chinese Yuan because theFederal Reserve has eroded the value of the U.S. currency."

“I’m in the process of — I hope in the next few months — gettingall of my assets out of U.S. dollars,” said Rogers, 65, who correctly predictedthe commodities rally in 1999. “I’m that pessimistic about what’s happening inthe U.S.” Oct. 07…

So that begets the question: how do youinvest in the Yuan?

                Take a look atWisdomTree’s Currency Income ETFs. In May 2008 they launched the WisdomTree Chinese Yuan Fund”, under the ticker symbol CYB. 

  • Tue, Nov 18, 2008 - 04:28pm

    #10
    pov56

    pov56

    Status Member (Offline)

    Joined: Aug 26 2008

    Posts: 13

    count placeholder

    Re: “Safe” Currency?

[quote=hewittr]Gold and silver. That’s it.
[/quote]

Gold and silver are the last things that I’d want to part with.  Having
another way to preserve wealth seems like the right thing to do. 
Besides, the spread of currencies is far smaller than precious metals.  

Viewing 10 posts - 1 through 10 (of 12 total)

Login or Register to post comments