hedging against ireland leaving euro

noelch

Hi

I am looking for opinions on this…..
If Ireland leave the euro & go back to the punt we will all have to take devaluation so our savings will be worth less.
I have savings with rabo that hopefully I wont have to access for a few years & I was thinking of buying into some of their more stable investments (bonds etc) .
In the event of Ireland leaving the euro these investments would stay quoted in euro until you cashed them in.
Then some time in the future when the valve of the punt had risen (hopefully) you could cash them in . Is this a hair-brained idea?

[FONT=&quot]Thanks[/FONT]

mickman

noelch wrote: »

Hi

I am looking for opinions on this…..
If Ireland leave the euro & go back to the punt we will all have to take devaluation so our savings will be worth less.
I have savings with rabo that hopefully I wont have to access for a few years & I was thinking of buying into some of their more stable investments (bonds etc) .
In the event of Ireland leaving the euro these investments would stay quoted in euro until you cashed them in.
Then some time in the future when the valve of the punt had risen (hopefully) you could cash them in . Is this a hair-brained idea?

[FONT=&quot]Thanks[/FONT]

this wont happen cos if it did then our currency would collapse because our country is in such a bad state and we would be like zimbabwae (wrong spelling :-))

cooperguy

The last thing we'll be doing is living the Euro. I wouldn't worry about it

eire2009

I would its the only way this country can sort itself out in the next 5 years .. Check my post below Chinese Yuan .. Ive a headache being abroad and having all my money in Eire in Euros I am personally looking for a Better banks stronger currencies and economic stability to relax myself ..