|
10-13-2008, 11:28 PM
|
|
Member
|
|
Join Date: Feb 2008
37 posts, read 32,407 times
Reputation: 13
|
|
SWISS FRANCS/*** YEN/ SINGAPORE DOLLAR?? How do I invest in these? Thanks!!
Hello,
I have fair amount of cash, 2 little guys on my own to raise, mediocroe job skills. I bought some gold and silver (more as life preservation than an investment) and I will try to buy a inexpensive home with a large garden area.
I keep hearing from top economists dollars will soon be very devalued. They say that in 1929 cash was King, but not in these times. This is distressing as I have saved so many years!
These economists keep mentioning to invest in Swiss Francs, Japanese Yen and the Singapore dollar. I have no idea how to do this...are there any people educated in this area? I am not investment savvy but I pulled all my money out of mutual funds several months ago and it is now in CDs. I have a gut feeling that things are going to get extremely bad.
THANKS for any educated insight!!
|
|
10-14-2008, 12:23 AM
|
|
Senior Member
|
|
Join Date: Apr 2008
Location: New England
561 posts, read 289,667 times
Reputation: 275
|
|
|
You can invest in the forex market but this is not for beginners. They now have ETF's that trade like stocks that you can invest in various currencies and would be better suited for a beginner. For example the FXY is the symbol for the japenese Yen and the FXE is the symbol for the euro.
|
|
10-14-2008, 12:38 AM
|
|
Uber Wolf
|
|
Join Date: Sep 2008
Location: Some place very cold
5,507 posts, read 3,155,576 times
Reputation: 2972
|
|
|
However, I have heard other investors say Gold is a safer bet.
|
|
10-14-2008, 01:38 PM
|
|
Uber Wolf
|
|
Join Date: Sep 2008
Location: Some place very cold
5,507 posts, read 3,155,576 times
Reputation: 2972
|
|
Quote:
Originally Posted by Woof
|
Woof,
Why stay away from the Yen? Japan has already gone through its depression. It's housing crash began in 1990. I would thing they are more stable now. |
|
10-14-2008, 03:12 PM
|
|
Didactic Member
|
|
Join Date: Dec 2006
Location: Hunkering down atop Mt Shasta
1,228 posts, read 1,091,904 times
Reputation: 303
|
|
Quote:
Originally Posted by Woof Woof Woof!
Woof,
Why stay away from the Yen?
|
Because I'm Swiss, and believe in the Swiss franc.  |
|
10-14-2008, 03:27 PM
|
|
Uber Wolf
|
|
Join Date: Sep 2008
Location: Some place very cold
5,507 posts, read 3,155,576 times
Reputation: 2972
|
|
Quote:
Originally Posted by Woof
Because I'm Swiss, and believe in the Swiss franc. |
I don't that's right that you should tell people to buy Swiss Francs just because you are Swiss, Woof. |
|
10-14-2008, 05:24 PM
|
|
Senior Member
|
|
Join Date: Mar 2007
1,852 posts, read 1,540,705 times
Reputation: 673
|
|
|
I think one of you guys needs to change your name. It's like reading a conversation one person is having with himself....
|
|
10-14-2008, 05:32 PM
|
|
Didactic Member
|
|
Join Date: Dec 2006
Location: Hunkering down atop Mt Shasta
1,228 posts, read 1,091,904 times
Reputation: 303
|
|
|
My name came first. Woof Woof Woof is just a groupie.
|
Please register to post and access all features of our very popular forum. It is free and quick.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
|
|
Welcome to City-Data.com forum! Make sure to register - it's free and very quick! You have to register before you can post and participate in our discussions with 700,000 other registered members. User profiles and some forums can only be seen by registered members. After you create your free account you will be able to customize many options, you will have the full access to over 15,000 posts/day about local topics and you will see fewer ads. 
Linear Mode
