In event that the economy gets worse what would be the most likely overall currency to still hold its value?|||Physical gold and silver in your physical possession|||If you are that bearish on the economy and thinks that it will get even worse, then the best currency to hold is just US dollar, or the yen. Those two are considered the two "safe haven" currencies. At the end of last year, the dollar and the yen, especially the yen, appreciated sharply due to investors losing confidence in the world economy and thus all pulling money out their risky investments denominated in other currencies at once.
However, as risk appetite gradually comes back, due to signs of recovery starting to surface and concerns over possible high inflation in the US in the future, the dollar has been losing against other major currencies recently.|||There are some funds that will do the investing for you. Canada, Malaysia and Singapore are some of the good ones. I even read that some money is going into Turkey.|||well they say best investment right now are euros
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment