You put your money into a high-yield savings account for 10 years. You are not allowed to withdraw any money or close the account and take out the money until the end of the 10 Years.
What currency would you prefer having your savings in, keeping in mind that higher inflation could affect the value of your money, Euros, US Dollars, British Pounds, Japanese Yen, Hong KOng Dollars, Swiss Francs, or other and why?|||I'll put my money in the Chinese Yuan (Renminbi). It's the currency that will appreciate most against the dollar. Why? Just look at the trade balance.
My second choice is the Canadian dollars, because Candada has vast natural resources, especially OIL, and countries with vast natural resources will fare the best in the coming years when the middle east oil dries up. On the other hand, Brizilian Reals are looking pretty hot these days - it's moving up against the dollar steadily. This is because of the Commodity boom, and Brazil produces a lot of agricultural commodities, including sugar and ethanol.
Other than that, I'll put my money into GOLD and SILVER, because they will appreciate in value against the US Dollar.|||British pounds, they gain value slowly but surely.|||Euro. it has always outdone the us dollar. At the end of the decade cash it out and exchange it for us dollars and end up richer in the long run|||The Euro and the US dollar have had the best track records, but the Euro hasn't been around long enough to really see if it takes the test of time. The US dollar has been the only currency to meet the Gold Standard, back when the Gold Standard was in use.|||If I didn't have to pay an exchange rate I would hit the Yen. But since simply exchanging $$ will cut your money down I would stick with the US dollar since this is where I am.|||To have an high yield account you have to be careful in choosing type of currency,you have to choose an currency from an strong developing country which don t take loan constantly from world bank or exchange rates for gold......Otherwise you can go for the Arab currencies..you have to choose the country properly..i mean the country which have high petroleum resource...countries that don t go for war for sure....Check for INR,HKD,euro|||Chinese Yuan. Because the 'Sleeping Dragon' has already begun to stir.|||British Pounds because it's highest interest paid currency.
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