The best currencies to hold for the next 5-10 years

Discussion in 'Forex' started by jbtrader23, Apr 18, 2004.

  1. If you're bearish on the Dollar long term, the biggest alternatives would be:

    Yuan when it becomes convertible


    Strong asian currencies such as the Singapore Dollar

    If you're bullish on commodities long term, you could consider strong oil producing nations or raw material exporters (Aussie, NZ, Canadian Dollar).

    Which would you buy, and why?
  2. OWN GOLD!!! Lot's of it.

    The Yuan might never happen.

    The Euro has no history. The Euro could fall apart overnight if the European Central Bank went sour, which could easily happen.
  3. Why would you want to hold ANY particular currency for a decade?
  4. This is a no brainer. Holding a single currency (any currency except US dollar) for extended periods AS AN INVESTMENT is a negative return strategy. Even with the US dollar, you run the risk of having to get out at a time when the currency is weak (like today). The present situation is an excellent illustration of why buy and hold does not work with currencies. Good luck. Steve46
  5. Yuan
  6. sunnie


    Has anyone used this yet? A gold backed (or other metal) e-currency sounds long as the metals increase in value...
  7. Euro

    US is not that much different than pre-war Germany, funding the war out of manipulating the market but not taking any real steps to address the underlying rottenness.

    The US$ used to be the "world" currency but now there is an alternative, the Euro. Go to Asian countries and these days they'll gladly accept the Euro.

    More Asian countries will no longer use the US $ as their only "foreign"currency, they'll be spreading their risks. Japan and China used to be the biggest hoarders of the US $ but I suspect it is changing now.

    Notice how price of oil gets tied to the Euro?