Best currencies for diversification (right now)?

TreasureHunter

TreasureHunter

Well-Known Member
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?)
 
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.
 
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?
 
Best currency at the moment is physical 1 oz silver maples or eagles - provided you can get it close to spot.
 
avoid all other currencies which you can not spend at your local stores
 
bubblebobble2 said:
My currency is GOLD! Nothing less...
Click to expand...

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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