Good/Bad currencies

[zeetubes]

I've read that the hong kong dollar (pegged to the US dollar) is a good bet and the strongest currency is probably the Norwegian krona. The rationale behind owning the HKD is that the chinese government will pull the plug on the peg if the USD starts to hyperinflate. Norway has a small population and lots of oil and their citizens are all millionaires based on a government wealth fund.

But I don't own either of them. It's just what I read. The swiss franc is no longer as safe because they've pegged it to the Euro because it was getting too strong.

EM currencies are most likely going to have a really hard time moving forward.

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[guybrushthreepwood]

I've read that the hong kong dollar (pegged to the US dollar) is a good bet and the strongest currency is probably the Norwegian krona. The rationale behind owning the HKD is that the chinese government will pull the plug on the peg if the USD starts to hyperinflate. Norway has a small population and lots of oil and their citizens are all millionaires based on a government wealth fund.

What do you mean their citizens are all millionaires?

[zeetubes]

http://business.time.com/2014/01/10/every-norwegian-is-now-a-millionaire-kind-of/

the beauty of a small and shrinking population.

[guybrushthreepwood]

http://business.time.com/2014/01/10/every-norwegian-is-now-a-millionaire-kind-of/

the beauty of a small and shrinking population.

a million krone for every inhabitant. (A million krone is about $162,000.)

Not that exciting, and it's the goverments money, not the peoples, right?

[zeetubes]

a million krone for every inhabitant. (A million krone is about $162,000.)

Not that exciting, and it's the goverments money, not the peoples, right?
[/quote]

I think you should be excited. Compare that with the US where every single person is responsible for probably tens of thousands of Fed created debt. Because of the norwegian social security net, you don't need to work unless you want to. Maternity leave is several years even though people don't want to have kids. The banks are solvent instead of having e.g, JP morgan $70T in derivatives debt. And the list goes on.

[aminorex]

Actually I think you got it backwards, in that Turkey appears to be a place that is managing their currency well now.  The traditional answers are Switzerland and Zimbabwe respectively.  You can basically tell by comparing different currencies value to any asset (USD, gold, etc.) and see which one held its value the best. 

SNB is devaluing the franc competitively with the Euro, last I checked.  Switzerland is another victim of the banking fraternity now.

[keithers]

This one is bad:

you can buy those rocks with that dollar bill?  Everyone keeps talking about Argentina having serious financial crunch..

[hilariousandco]

This one is bad:

you can buy those rocks with that dollar bill?  Everyone keeps talking about Argentina having serious financial crunch..

What rocks? You can't buy anything with it.

[Sonny]

This one is bad:

you can buy those rocks with that dollar bill?  Everyone keeps talking about Argentina having serious financial crunch..

What rocks? You can't buy anything with it.

You can get the rock on the bill lol, just cut that part out

[ShireSilver]

Is this a trick question? All fiat currencies are bad money.

And the only good money is crypto?

You can have money that isn't crypto that is still good.

Like what?

To be good a currency really does need to be separated from government. That's just one of the things that makes bitcoin a good currency.

As an example of a non-crypto non-government currency, I of course direct your attention to https://shiresilver.com