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$25,000 investment

  • 19-06-2011 6:35pm
    #1
    Ronin247
    Registered Users, Registered Users 2 Posts: 1,256 ✭✭✭


    The mother in law got $25,000 left to her by her brother.As the Euro Dollar is in the toilet at the moment everyone told her hold it in dollars.
    Most banks will do a foreign currency account but the intrest rate is non existent.Does any one have any experience investing this type of amount for a 2+ year period protecting it from inflation.


Comments

  • #2
    colsku
    Registered Users, Registered Users 2 Posts: 301 ✭✭colsku


    The age old protection against inflation is Gold and Silver coins, bullion and mining shares.


  • #3
    hmmm
    Registered Users, Registered Users 2 Posts: 11,205 ✭✭✭✭hmmm


    Ronin247 wrote: »
    The mother in law got $25,000 left to her by her brother.As the Euro Dollar is in the toilet at the moment everyone told her hold it in dollars.
    Most banks will do a foreign currency account but the intrest rate is non existent.Does any one have any experience investing this type of amount for a 2+ year period protecting it from inflation.
    Inflation protected bonds may be an option, e.g. TIPS.

    Don't invest it in what is possibly a gold bubble.


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