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Yes, exactly what I'm getting at. That's the point of my parent...people should do it now BEFORE mass-inflation so that they can convert it to a more stable cur
by latch 15y ago
Yes, exactly what I'm getting at. That's the point of my parent...people should do it now BEFORE mass-inflation so that they can convert it to a more stable currency (USD/GBP/CAD).
I agree that once everyone starts doing it there isn't a point, but now...geezz..I don't see what you have to lose.
- flourpower 15y agoI agree with your advice - I just don't think most people follow financial news that closely. However, the euro is down about 8% since June, so it's safe to say there's been a fair bit of selling.
- Atropos 15y agoIf you believe that currency market are somewhat efficient, the chances of a catastrophe happening are already priced in. For example, the Eur vs. Swiss Francs historically hovered around the 1,50 mark for a long time; now it's at 1,23. The swiss franc is considered clearly overvalued and there is speculation that their national bank wants to push it back up to 1,30. Anyway if the Euro problems get solved, you would probably lose at least 10-15% of your assets. Of course maybe such an "insurance" is worth it, but it is by no means an easy decision.