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What's the safest base currency?

  • 22-11-2010 11:09pm
    #1
    strobe
    Closed Accounts Posts: 7,872 ✭✭✭


    Hope this is the right forum.

    I was just wondering what peoples opinions were on what is the safest base currency at present (and likely to be in the near future) in terms of hedging and preserving wealth?

    I've tried to research it myself but there is so much conflicting opinion out there and a lot of it outdated by more recent events.

    The one's I'm seeing mentioned most are the Canadian Dollar(CAD), Swiss Franc (CHF) and the Norwegian Krone (NOK).

    Any opinions welcome. Cheers.


Comments

  • #2
    Dodd
    Closed Accounts Posts: 1,007 ✭✭✭Dodd


    Gold.
    http://www.bloomberg.com/news/2010-11-22/gold-futures-fluctuate-on-signs-traders-locking-in-profit-after-2010-rally.html


  • #3
    Low Energy Eng
    Registered Users, Registered Users 2 Posts: 299 ✭✭Low Energy Eng


    I'd second gold, only thing is theres so much paper gold out there that it may aswel be a currency, but it is a good hedge alright


  • #4
    irishh_bob
    Closed Accounts Posts: 5,700 ✭✭✭irishh_bob


    strobe wrote: »
    Hope this is the right forum.

    I was just wondering what peoples opinions were on what is the safest base currency at present (and likely to be in the near future) in terms of hedging and preserving wealth?

    I've tried to research it myself but there is so much conflicting opinion out there and a lot of it outdated by more recent events.

    The one's I'm seeing mentioned most are the Canadian Dollar(CAD), Swiss Franc (CHF) and the Norwegian Krone (NOK).

    Any opinions welcome. Cheers.

    all of those currencys are solid and steady by comparison with the american dollar and pound and now the euro , the new zealand dollar seems to have gained quite a lot of strength of late and its steady aswell


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