Jump to content
  • The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

  • Join The Silver Forum

    The Silver Forum is one of the largest and best loved silver and gold precious metals forums in the world, established since 2014. Join today for FREE! Browse the sponsor's topics (hidden to guests) for special deals and offers, check out the bargains in the members trade section and join in with our community reacting and commenting on topic posts. If you have any questions whatsoever about precious metals collecting and investing please join and start a topic and we will be here to help with our knowledge :) happy stacking/collecting. 21,000+ forum members and 1 million+ forum posts. For the latest up to date stats please see the stats in the right sidebar when browsing from desktop. Sign up for FREE to view the forum with reduced ads. 

Investing in different currenices


Recommended Posts

Forex traders are doing this daily digitally...

It could potentially work with physical if you can get low spreads on your exchange and one currency falls vs the other.

Look at a few currency pair charts for eg gbp/chf and there was a 50% swing in exchange rate over a few years from 2007 to 2011

If you bought £10k worth of CHF you could have then sold it and bought back 50% more GBP in theory

Equally if people with a currency that has really suffered in recent years bought CHF or USD as opposed to saving in their local currency it could have protected their funds 

Link to comment
Share on other sites

Yes but only if you believe sterling is going to drop against the currencies you buy.
The problem however is do you believe the Swiss franc is overvalued, the dollar overvalued and maybe the Euro undervalued ?
Impossible for us muggles to forecast and even the FOREX traders and speculators don't know and they deal in billions every day.
Okay if there is bad news in an economy by the time we know about it the traders have already adjusted exchange rates so we are always too late to the table. However if you are prepared to take a longer term view then speculating can work in your favour but it can also work against you.
Since many governments are printing money - QE - they are in fact deliberately devaluing their currency so maybe you would be better suited to buying something that isn't being devalued / manipulated. Wish there was an easy guaranteed solution to this problem and protecting against high inflation.

Link to comment
Share on other sites

Scottish Pounds (GBP, pound sterling issued by the Bank of England).

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live, and It's  Britannia, with one t and two n's.

Link to comment
Share on other sites

I was in this game for 30 years.. if you think PM prices are random FX is not for you .  we had highly paid economists predicting all kinds of rubbish 3 years out.  FX is as predictable as the weather.

also rememeber when you buy any commodity your are effectively exposing yourself to GBP/USD  FX.    

Link to comment
Share on other sites

×
×
  • Create New...

Cookies & terms of service

We have placed cookies on your device to help make this website better. By continuing to use this site you consent to the use of cookies and to our Privacy Policy & Terms of Use