If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Holding savings in foreign currency

mickdw · 2011-10-22 16:16:26

Anyone any suggestions as to what would be the best currency to hold some savings in. Im just thinking this way as there does appear to be uncertainly over the future of the euro and it value. I figure holding savings in a foreign currency of a country that is in good economic health might be a good idea and would mean the…

22-10-2011 4:16pm

#1

mickdw

Registered Users, Registered Users 2 Posts: 23,730 ✭✭✭✭

Join Date: December 2007

Posts: 23284

Anyone any suggestions as to what would be the best currency to hold some savings in. Im just thinking this way as there does appear to be uncertainly over the future of the euro and it value. I figure holding savings in a foreign currency of a country that is in good economic health might be a good idea and would mean the value of savings would be save guarded to a degree

0

Comments

#2 24-10-2011 1:02pm

soddy1979

Registered Users, Registered Users 2 Posts: 284 ✭✭

Join Date: May 2008

Posts: 254

Hold a basket of currencies. Having all of your eggs in one basket is rarely a good idea from a capital protection point of view.

0