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Author Topic: If you had to choose one fiat currency to keep your money in...  (Read 3832 times)
Este Nuno (OP)
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July 15, 2014, 10:57:23 AM
 #1

which one would you choose and why?

What currency do you think has the best chance of keeping its value over time?

Also, out of the major currencies which one do you think is the worst one to keep your money in?

Colonel32
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July 15, 2014, 11:50:17 AM
 #2

The Euro is where I'd keep it in Fiat.


The Pound and the USD are just so tied into each other, so dependent on the City, and not industry and are so phuqed when it all goes Pete Tong.

The US prints dollars,
sends them to China,
and then China buys England with them.

It will all end in tears.
cr1776
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July 15, 2014, 01:53:11 PM
 #3

which one would you choose and why?

What currency do you think has the best chance of keeping its value over time?

Also, out of the major currencies which one do you think is the worst one to keep your money in?



Not the Euro, not the dollar, not the pound. The Euro has tons of issues.

The swiss franc has been one of the most stable of the fiat currencies.  Although it is probably better to buy hard assets. ;-)
Este Nuno (OP)
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July 15, 2014, 02:07:03 PM
 #4

which one would you choose and why?

What currency do you think has the best chance of keeping its value over time?

Also, out of the major currencies which one do you think is the worst one to keep your money in?



Not the Euro, not the dollar, not the pound. The Euro has tons of issues.

The swiss franc has been one of the most stable of the fiat currencies.  Although it is probably better to buy hard assets. ;-)

CHF does look quite good actually. Very nice chart the last 5 years. I think that's the front runner so far.
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July 16, 2014, 09:37:38 AM
 #5

Kroner. Mainly cause my country (Denmark) is likely to be one of the last to have private funds confiscated, and also because bitcoin gains are taxfree.

The euro gets my vote for worst. No telling what might happen to it.

Look inside yourself, and you will see that you are the bubble.
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July 16, 2014, 11:22:04 AM
 #6

I think the most stable currency is GBP, the least stable is JPY
Daniel91
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July 16, 2014, 12:43:50 PM
 #7

If you had to choose one fiat currency to keep your money in...

In the past this was US dollar.
Now, after this global financial crisis it's very hard to tell.
It seems that EURO also have a lot issues recently so I would say Swiss frank at the moment (still showing some stability).

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Rub3n
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July 16, 2014, 01:28:05 PM
 #8

Euro, because I do live in Europe and I am not planning to leave anytime soon.

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July 16, 2014, 01:40:57 PM
 #9

Hello,
I am not sure in the euro as a lot of countries which are EU members still do not accept it widely. Nothing stable in the EU and nothing sure for its future. EU right now is like Bitcoin: nobody knows where it is going..In my opinion Bulgarian lev is the currency  Cool
Dalmar
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July 16, 2014, 02:01:02 PM
 #10

Out of the major ones probably USD if I had to pick.

There's a lot of bullshit going on that the USD is going to die, but I bet it will gain against most other fiat currencies in the next 5 years especially if something similar to 2008 happens again.

Also, a bonus is that there are lot more trading vehicles denominated in USD. It's far more useful than most other fiat currencies.


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Yakamoto
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July 16, 2014, 03:31:17 PM
 #11

A single currency...

I really don't know, to be honest. I'd say something stable, and it kind of surprises (and doesn't at the same time) that people are putting stuff into the Euro. I'd be iffy with that, as there have been issues that make it look like it could waiver in the near future.

So I'd probably put my money into the Canadian Dollar, because I do live in Canada, but it has been decently stable over the past few years.

To be honest, I don't really do currency investing, but I may if I feel like it's a good idea.

Plus is there is anything like 2008 again, Canada would most likely be one of the most stable ones, as they pretty much cut the national deficit recently, and have good infrastructure in place for exporting more to keep the money circulating.

I don't know a lot about currency investing, so please, don't quote me or treat me like a financial expert. I only really do cryptos or commodities. (Or stocks.)
izanagi narukami
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July 16, 2014, 03:38:00 PM
 #12

which one would you choose and why?

What currency do you think has the best chance of keeping its value over time?

Also, out of the major currencies which one do you think is the worst one to keep your money in?


I think the best currency is EURO then dollar.
Those currency has high value & keep increase gradually.

Worst currency is Rupiah...because their currency keep decresing until reach Rp 11.500 / dollar.
Everything are expensive at my country  Angry

Smiley
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July 16, 2014, 03:46:53 PM
 #13

Is NOK trusteable these days?

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July 18, 2014, 06:58:25 AM
 #14

Swiss Francs or the Yen

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July 18, 2014, 07:08:55 AM
 #15

RMB.

If people argue wider adaptation is why bitcoin value should sky rock, then choosing RMB is a no brainer since all the production are mostly done in China these days.
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July 18, 2014, 07:11:20 AM
 #16

Euro is very cheap now. I expect Euro to rise in value when their economy improve in a few years.

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July 18, 2014, 07:39:02 AM
 #17

Euro is very cheap now. I expect Euro to rise in value when their economy improve in a few years.

Cheap is a relative term. The price is where it is for a reason, mainly because EUROPE as a whole can no longer compete on a global scale.
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July 18, 2014, 07:41:23 AM
 #18

which one would you choose and why?

What currency do you think has the best chance of keeping its value over time?

Also, out of the major currencies which one do you think is the worst one to keep your money in?



Canadian dollar stable banking system
Survived the financial crisis and was even expanding its operation.

The worst major currency to keep money in would be the Euro basket due to the problems the EU faces outdoing the American for now.

Believing in Bitcoins and it's ability to change the world
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July 18, 2014, 07:43:02 AM
 #19

Well, I d rather invest all my fiat currencies in gold
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July 18, 2014, 09:33:28 AM
 #20

Euro is very cheap now. I expect Euro to rise in value when their economy improve in a few years.

It's not cheap at all, but at an average price for the past couple of years.

ECB will soon start doing QE, while the fed will end it. EUR-USD pair will probably fall to 1.25 soon.


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