Bob111
Registered: May 2002
Posts: 6433 |
08-12-12 03:09 AM
i didn't see any depreciation -
http://finance.yahoo.com/echarts? s...urce=undefined;
but..you can use IB and convert your USD into basket of currencies. it not going to affect your BP , but you will be exposed to a currency risk. what if you hold euro and it's go down to a toilet and dollar rise?(happens as we speak)
i tried that in paper account-didn't like it at all. holding bunch of weighted pairs against for example 50% of holdings in USD.
i would not bet on USD depreciation aggressively. it's still reserved currency and boys in DC are far more creative than gvt's around the world. mean-if dollar is going down the toilet the rest of the world will follow..and there is will be many countries before US. if euro goes kaput-whole entire world will run into US dollar. not because it great solid currency,but because money have to go some place. just an opinion
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