Best way to divest from USD now (panicked)

Discussion in 'Economics' started by amylase, Feb 28, 2008.

  1. amylase


    Sitting on a shitload of these, i am getting panicked. What are some of good ways to divest from USD now?
  2. RhinoGG

    RhinoGG Guest

    Put everything into Frozen Concentrated Orange Juice and Hot Rolled Bands.
  3. Bob111


    ummm... this could be a sign,that the bottom is near :)
  4. Digs



    Short term TBills

    These rates will go to 0.50 to 1.00

    or FXE or FXS ETF for Euro and Swiss frank.
  5. Try opening a forex account or a straight up foreign bank account. If you're quite worried then deal with paying the exrate now and convert.

    A forex account will allow you to hold foreign currencies as long as you have the capital in the account to withstand any bullish USD swings.
  6. poyayan


    Short term, CDs in foreign currency. I don't know why US bank don't offer service like that. I end up taking the foreign bank account route (HSBC HK). You have to report it to IRS though.
  7. Relax man... didn't you hear the chairman of the Fed today? He didn't seem to be the slightest bit concerned about the falling dollar when speaking before Congress. Remember Secretary Paulson and Bush have a strong dollar policy in effect....these things take time.


    Don't you feel much better now?
  8. Agreed, I am looking for selling opps. in Euro/USD not longs. Just like I am not interested in buying gold up in the stratosphere. Only time will tell.
  9. Daal


    too late to panic, you already took most of the beating
  10. #10     Feb 28, 2008