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I wonder if keeping the equivalent of $10k USD in something else might be a good "get the hell out of here and survive for three months elsewhere" hedge for peo
by lionhearted 18y ago
I wonder if keeping the equivalent of $10k USD in something else might be a good "get the hell out of here and survive for three months elsewhere" hedge for people with a bit of cash who aren't too tied down to their local economy. You can use Elance, Odesk, etc to freelance from anywhere if you've got some in-demand skills. Doesn't take much to survive in Thailand, just getting out and having rent/food money for a while could be huge in a meltdown. I've been thinking over where/how it'd make sense to take a position - Seems like dollars, euro, and sterling might all be linked a bit. Chinese RMB? Yen? Some eccentric country that's still gold-based and can't debase their currency?
- amrithk 18y agoIn fact, the yen and the dollar have been rising in recent weeks. The Pound and the Euro have taken a beating.Hard to say what might happen to the Chinese RMB as the rate is set within a narrow band by the Chinese govt.
- rms 18y agoFor true "bribe your way across the border" purposes I would go with 1oz gold coins, or silver if you'd prefer more coins.