Best currencies for diversification (right now)?

Discussion in 'Currencies' started by TreasureHunter, Mar 27, 2020.

  1. TreasureHunter

    TreasureHunter Well-Known Member

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    Under current conditions both the Euro and the USD are "shaky" with the dollar somewhat maintaining its stregth. Some people started buying CHF and GBP, but almost everyone feels "uneasy" about the EUR.

    What currency would you use for diversification?
    (under the current crisis it's good to own SOME cash, but which currencies?)
     
  2. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Go where the gold is (Or use to be) Switzerland - Swiss franc
     
  3. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    USD shaky? o_O
     
  4. TreasureHunter

    TreasureHunter Well-Known Member

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    The USD is going down in many countries. Although, in Europe it kept going up as Corona hit Italy.

    QE is slamming it down as gold rises.

    I think the EUR is the worst right now and probably the CHF is a bit better, but not used widely enough.
     
  5. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Just a short term correction. USD demand will outstrip supply.
     
  6. TreasureHunter

    TreasureHunter Well-Known Member

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    I think there's a chance for the Dollar to get stronger vs the EUR. In Europe people are admiring the Dollar's spectacular rise.

    But as Corona spreads in the US, the financial turmoil packed with QE will dilute the dollar.

    So: Yuan, GBP, CHF?
     
  7. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Best currency at the moment is physical 1 oz silver maples or eagles - provided you can get it close to spot.
     
  8. alor

    alor Well-Known Member Silver Stacker

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    avoid all other currencies which you can not spend at your local stores
     

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