Discussion in 'Forex Trading' started by TM1982, Jun 7, 2009.
Do any of think converting USD to Kuwaiti Dinar or Indian Rupee is a good choice for long term??
For what purpose? ROI, hedging? As contract or physical?
ROI. Just want to diversify my USD into a basket of currencies for the inevitable hyperinflation that will crush the USD. I don't know when it's going to happen but it will and want to be protected.
So trying to get a feel of some currencies I should get into.
if ur not Indian
y bother with the INR ?
it's not freely convertible
personally i think INR is bigger shit than the USD
KD is prob still convertible - but not liquid
i wud stik to liquid alt like AD / CD / EU / GOLD etc
1) India is VERY dependent on the US for purchasing services, etc.
2) If the USA goes under, what do you think will happen to canada? Europe? Japan? etc. etc. Everything is incredibly interlinked. Pull down the biggest domino, and the world will be a financial hellhole
And Kuwait? Remember Iceland? don't buy a little country. Rather than Kuwait, maybe Saudi Arabia.
Separate names with a comma.