The dollar is heading for its worst year since 1973, falling more than 10% year-to-date while nearly every other major asset class explodes upward. Just last night, Bitcoin hit a new all-time high of $125,000, pushing its total market value to $2.5 trillion, as Cryptopolitan reported. Gold is now close to $4,000 an ounce after […]
should I buy yuan
No, dinar
that’s ok i just ate.
it’s pretty much guaranteed to be more stable than the dollar
how about CAD?
I can’t see that Canada is going to be doing well economically in the near future. The neolibs are doing mass austerity and plan to spend 5% GDP on NATO. Also, 70% of trade here is with the US, so if the US economy starts tanking that’s necessarily going to have a huge impact on Canada as well.
I don’t see how Computer Assisted Design plays into US currency value
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I’ve seriously looked into this and there’s only a few banks in the US (mainly in LA and NYC) that will let you buy it and keep it in an account. They only really allow you to do that, however, if you’re an actual business because the minimum balance is well over $10k, with a lot of requirements being above $100k.
Like if you could afford to buy any as an American and not have it hiding in your mattress, you could afford to just leave the country.
The walls aren’t just to keep foreigners out, they’re to keep us in as well.
They’re mainly for keeping us in.
forex is full of scams, so you could just go to a physical currency exchange.
Buying foreign currency as an appreciating asset is generally a terrible idea. Holding it physically is an even worse idea, so if you’re going to own imaginary things, you might as well make it an asset that also directly contributes to the Chinese century.
Consider holding MCHI or FLCH in a tax advantaged account instead. They are highly diversified index-based funds, you “own” (not really but too long of a story) all of China. Your money goes directly to growing China and they are both mainland China-specific, no T * iwan or J * pan stocks, or any other country.
Of course there is the small risk the US bans investment into China (or starts a war) and confiscates all assets but there’s no way to directly invest in China as a foreigner and if the US goes that far, the dollar is becoming worthless anyway.