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! Administrator Staff Member

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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! Administrator Staff Member

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    Just a short term correction. USD demand will outstrip supply.
     
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  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
     
  9. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    My currency is GOLD! Nothing less...
     
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  10. PMCollector

    PMCollector Well-Known Member

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    I used to have a stack of cash on my desk to remind me of what I'm doing...now I just have gold on my desk...
     
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  11. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    ^^^
    I like your style!
     
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  12. JulieW

    JulieW Well-Known Member Silver Stacker

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    This is the important option. Not a currency, but in terms of appreciation you cannot go wrong.

    If you're risking the printed paper options, then I'd go Singaporean Dollar.

    Though consider that they're all pretty much measured against the USD and the AUD is fourth (?) most traded currency and so a way to ride that is gold savings and something in a currency that's value is not tied to the USD but more to their GDP and trading position. I recommend Singaporean Dollars as, unlike the Swiss, Singapore is not at the instruction of the EU - the EU's last interference with the Swiss Franc took them out of contention for me.
     
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  13. alor

    alor Well-Known Member Silver Stacker

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  14. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    USD uses injets to print their currency.... even Biden knows that.....and they’re calling themselves #1 world economy!
     
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  15. alor

    alor Well-Known Member Silver Stacker

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    used Xinjiang Cotton
     
  16. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    "AU-D"
     
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