[D_o_S]

Hi,

being in Europe, the Euro crisis is bothering me greatly. Word has it that the Euro will be gone soon (I'm a believer). I'm looking for a safe currency to exchange my Euros into. These will be side funds, deposited long-term (not expecting to touch them in the next 3 or 4 years).

What should I exchange into?
New Zealand Dollars?
British Pounds? (don't like Britain much)
Swiss Francs? (my heart would instantly go for that)
Singapore Dollars?
USD?

Any input welcome. If possible, please write a few lines as to what and why.

Thank you.

[Blayne]

CND another option to consider greatly

[Bimmer84]

Buy gold?

I agree with looking into CND, and kidding about the gold, unless you have it as spare cash...

[M3Bahn]

Swiss Franc would be my choice but they are buying euros like crazy to keep the value down.

Franc plunges as Swiss set euro-franc floor
SNB vows to buy ‘unlimited quantities’ of euros to defend rate

http://www.marketwatch.com/story/fra...oor-2011-09-06

[Inspired]

Yuan

[Greenkirby21]

you can send it to a nigerian prince

[donovan]

Swiss or the pound...

or as many people think, just wait for the word currency and following that very bad shit.

Get your survival skills up and get some guns

[Wolf]

Originally Posted by Bimmer84

Buy gold?

I agree with looking into CND, and kidding about the gold, unless you have it as spare cash...

You almost gave me a heart attack . I thought WTF is he telling him to do! then read all you post

[BTM]

if you are serious OP I wouldn't be asking this question in the OT forum of a BMW website

[driersheets]

Originally Posted by BTM

if you are serious OP I wouldn't be asking this question in the OT forum of a BMW website

this

[Vanity]

Canadian banking system is the strongest in the world. Euro happens to be pretty high right now around 1.336 last time i checked. its going to 1.36 or 1.37 soon, so that would be the best time to convert out to another currency.

[SPQR M3]

I'm surprised none of you have mentioned the Australian dollar. Currently A$1 is worth more than CAD$1 and USD$1, and that's for a reason....the Australian banking system is rock solid, Australia has low public debt, and the economy is strong (only 5.3% unemployment with one of the highest PCI in the developed world.)

Yes I'm biased but if it's safety you want, buy silver, buy gold and buy $A's.

[Blayne]

Originally Posted by SPQR M3

I'm surprised none of you have mentioned the Australian dollar. Currently A$1 is worth more than CAD$1 and USD$1, and that's for a reason....the Australian banking system is rock solid, Australia has low public debt, and the economy is strong (only 5.3% unemployment with one of the highest PCI in the developed world.)

Yes I'm biased but if it's safety you want, buy silver, buy gold and buy $A's.

I take it you don't invest much or even read above posts to get a clue? Can anyone else spot the stupid

Originally Posted by BTM

if you are serious OP I wouldn't be asking this question in the OT forum of a BMW website

And why this is very true

[D_o_S]

Thanks for the input...

where would you recommend I ask?

[Soorena]

Libyan Dinar.

[driersheets]

Originally Posted by Soorena

Libyan Dinar.

*double takes at the name*

[Soorena]

Originally Posted by driersheets

*double takes at the name*

[aapl]

you could give me the funds and I could get some gold from some nigerian friends for you.

I promise at least a 300% return

let me know kind sir. I eagerly await your response.


011-234-806-431-5450 or +234-806-431-5450 (call anytime)

Thanks so much.

[MDyDinanM]

Originally Posted by BTM

if you are serious OP I wouldn't be asking this question in the OT forum of a BMW website

I agree with this

or

Buy gold or the British Pound has usually been stronger than the Euro.

[shipill]

CND $

[RobertRO]

I am also living in Europe, and in the most harsh part of it: Eastern zone.
The question you're asking has been seriously bothering me for about a couple of months.

Actually, I would reformulate your question as: "what should I put the result of my work so it keeps best its value over a long period of time".

Until recently, a stable currency was the most obvious and flexible option. However, I am quite cautious about the "exotic" currencies (which includes almost anything except USD, EUR and maybe GBP). It may be that Canadian Dollar of Australian Dollar are stable and strong now, but keep in mind that they are the currencies of countries with a population of 20M to 30M souls. They are like small boats on a furious ocean. They may be sturdy, but as more and more refugees overload those boats, they may be easily put out of balance.
Swiss Franc is a good example. So many people started to move their savings under the "safe" umbrella of the Swiss Franc, that the Swiss government had to do something about it.

My personal conclusion is that there's nothing left these days to guarantee that the value of your work outcome lasts reasonable in time:
-currencies lose their value, or even their own existence is questionable (see Euro);
- real estate (houses and land) have just gone through a bubble. In theory, they are still good investment, but you usually need a lot of time to sell them (very bad, if you're in immediate need of cash). And since you cannot hide them out, they are one the first targets of the governments when they must increase the taxes. Worse, if things go really havoc, there's also nationalization - my country has seen this about 65 years ago;
- gold, art and stock: at this particular moment they are pure gamble, in my opinion.

I have decided to split my savings into several currencies. But I am convinced that there are better options out there.
Nowadays it's more or less everyone on his own. There's a say: "The economy depends on the economist as much as the weather depends on meteorologists." So do what your own mind tells you to do, nobody can advise you better.

[Mean_M3]

Originally Posted by Blayne

And why this is very true

Oh yeah because people who drive BMWs are all stupid, if they werent they wouldnt have invested huge sums of $$ in a depreciating asset .....I get that