The best currencies to hold for the next 5-10 years

J

jbtrader23

If you're bearish on the Dollar long term, the biggest alternatives would be:

Yuan when it becomes convertible

Euro

Strong asian currencies such as the Singapore Dollar

If you're bullish on commodities long term, you could consider strong oil producing nations or raw material exporters (Aussie, NZ, Canadian Dollar).

Which would you buy, and why?
 
OWN GOLD!!! Lot's of it.

The Yuan might never happen.

The Euro has no history. The Euro could fall apart overnight if the European Central Bank went sour, which could easily happen.
 
This is a no brainer. Holding a single currency (any currency except US dollar) for extended periods AS AN INVESTMENT is a negative return strategy. Even with the US dollar, you run the risk of having to get out at a time when the currency is weak (like today). The present situation is an excellent illustration of why buy and hold does not work with currencies. Good luck. Steve46
 
Has anyone used this yet? A gold backed (or other metal) e-currency sounds interesting....as long as the metals increase in value...
 
Quote from jbtrader23:

If you're bearish on the Dollar long term, the biggest alternatives would be:

Yuan when it becomes convertible

Euro

Strong asian currencies such as the Singapore Dollar

If you're bullish on commodities long term, you could consider strong oil producing nations or raw material exporters (Aussie, NZ, Canadian Dollar).

Which would you buy, and why?
More...

Euro

US is not that much different than pre-war Germany, funding the war out of manipulating the market but not taking any real steps to address the underlying rottenness.

The US$ used to be the "world" currency but now there is an alternative, the Euro. Go to Asian countries and these days they'll gladly accept the Euro.

More Asian countries will no longer use the US $ as their only "foreign"currency, they'll be spreading their risks. Japan and China used to be the biggest hoarders of the US $ but I suspect it is changing now.

Notice how price of oil gets tied to the Euro?

Peace
:cool:
 
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