Best country to keep your money?

Easy consideration...

Value X 1+i X 1+i X 1+i...etc.../ CV

This is a time question...the risk reward favors higher i if time is not a consideration....you simply make your next move after you win...

Reason: No other weaker currencies would exist if this were not true...

Very simple....

The tougher question is time...
 
Here a thought down this path; Many people I know talk about all the opportunity in Latin America but what is that they want to invest in? Well I hear about land, soybean elevators, banks-all kinds of things. I is my belief that in these newly stable countries with big trade surplus is that the returns are ample in the lowest risk play. If I were to invest in Brazil or Argentina I would look at opening a saving account in Reals or Peso or maybe a 3 month GIC or CD. For more nimble trader you could do something similar with a currency futures spread.
Such a trade would leave you exposed to the likely trend of currency and bond appreciation without all the risks associated with with running a business in a corrupt country.
 
Here is the URL of the only bank that I know of that makes it easy to keep deposits in any major currency you desire.

http://www.everbank.com

It looks like the major currencies are covered there:

* Australian dollar
* Canadian dollar
* Chinese Renminbi
* Czech koruna
* Danish krone
* EMU euro
* Hong Kong dollar
* Japanese yen
* Mexican peso
* Norwegian kroner
* New Zealand dollar
* Singapore dollar
* South African rand
* Swedish krona
* Swiss franc
* U.K. pound

FDIC insured with 2 day settlement.

Are there any other ways to easily move funds from one currency to another? (Outside of futures.)

Good trading...
 
SWCOM, is there such a thing as an "Stable Government"?

On another note, is there a way to trade a futures account and have the owners name and social- security number unknown? This is "NOT" intended for any illegal purposes, i have always and always will pay my taxes etc. Just wondering if there was a way to trade a legal account without "ANYONE" knowing who the trader actually is. Thanks in advance.
 
Quote from swcom:

I read an article with Jim Rogers that said the best place in the not-too-distant future will likely be those countries with the most natural resources - Canada and New Zealand were mentioned. I am not sure if he meant Forex, or parking cash there. I think the latter . . .
Definitely DO NOT put cash into a bank account in a country with an unstable government - ever.
More...

A month or so back he also mentioned Singapore and Switzerland.

His primary concern is the value of the currency. In the case of Sing/Swiss his point is that the currency is rationally managed. As for NZ and Canada, it is that the natural resources of those countries will support their balance of payments and currencies.
 
I think if u open a coount in singapore it is a very safe country and they have all the big banks there
citibank
HSBC
and i heard they pay good interest
 
Quote from AshanD:

I just found that banks in my native country (Sri Lanka) pay about 8-11% annual interest to their savings accounts. Thats much higher than what I'm getting in my US account so I am thinking of transfering my savings over there. Does anyone know of other countries with higher than average interest rates?

Thanks
More...


The only way I know how to profit very much from foreign savings accounts is illegal. A Filipino woman I know of does this among other things.
 
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