NEED AN ANSWER FAST........

[Ponce]

In one hour I'll be going to my back to buy some foreign currency, that's something that I don't keep track off........which currency would you buy and why???

Even when I bought my farm in Argentina it was paid with dollars......

[Plastic]

I think dollars will be the very last paper currency to collapse because damned near every market is based on them.

[Brent]

Rushing into an investment which you obviously know little to nothing about is a terrible decision.

[Ponce]

In the short term yes.....but......when other countries go back to normal the US will still be in a sink hole, for a long time, Germany and Japan are making a slow recovery but it is a "real" recovery and not a funny one like in the US..

I know Brent, I am very impulsive but I am usually right, I have a very strong feelings right that tells me to do something.

[sirgonzo420]

In the short term yes.....but......when other countries go back to normal the US will still be in a sink hole, for a long time, Germany and Japan are making a slow recovery but it is a "real" recovery and not a funny one like in the US..

I know Brent, I am very impulsive but I am usually right, I have a very strong feelings right that tells me to do something.



You sure you don't just have to use the bathroom?

[Olmstein]

Wait until the breakup of the Euro, then buy some new deutschemarks.

Otherwise, I'd go with dollars.

[jaybone]

I have looked at CAD and NZD,
but I always come back to gold and silver being the ultimate currency,
why buy a burger when you can get a steak?

[joe_momma]

Swiss francs - most likely to remain stable.

The Asian countries are too dependent on exports and will devalue their currencies to match the G7.

[cigarlover]

Any country with a manufacturing base. Manufacturing is where wealth is created. If I was buying currency it would be china right now.

[Ponce]

Did a quick search.........Canadian fiat at 9.98.......almost at par with the dollar.

Swiss francs sounds good, is almost like an internationa currency like the dollar, in Cuba the only currency that is no good is the dollar.

[Avalon]

Ponce, why not slow down and take some time on this..?

I was listening oi the guy from Merck currency funds on the radio and its an interesting subject. He is betting on the dollar dropping and the Euro rising again..I have no idea but I am interested in the subject too if someone has a good resource.

[JDRock]

In one hour I'll be going to my back to buy some foreign currency, that's something that I don't keep track off........which currency would you buy and why???

Even when I bought my farm in Argentina it was paid with dollars......


"ponce" buying PAPER??? something smells real funny..

[cigarlover]

Did a quick search.........Canadian fiat at 9.98.......almost at par with the dollar.

Swiss francs sounds good, is almost like an internationa currency like the dollar, in Cuba the only currency that is no good is the dollar.


Fidel was ahead of the curve on this one. Gotta give him some credit for that. I remember my first trip there on 04 there was no penalty, maybe my first couple of trips then they started the 20% bs. I did have a local there who got it down to 10% but he had bank connections.

[beefsteak]

PONCE...

hey buddy, listen closely, okay?

If you want a N.A. currency, the answer is: CANADIAN DOLLARS (resources' backed)

If you want a GLOBAL CURRENCY, the answer is: SWISS FRANC (partially gold backed)

Here's what you need to know:
1) US Bank has an international branch in Portland Oregon. That branch is
charged with the responsibility of selling foreign currency at the "least spread."
It's better than C.Cards will convert a currency into another currency spread.

2) Check with any bank to see if THEY have a foreign currency branch and get
their number.

3) BANK OF AMERICA is one of the TWO RESOURCES which will convert back
into US CURRENCY with the least amount of fuss.

BoA will NOT convert anything LOWER than a C$5.00 for example. Each Branch Manager has a 3-ring binder with the photocopies of the current foreign currency which is still legal fiat in the country you re considering, in this case, CANADA.

Even then, the Branch Manager calls their Supervisor to check to see which if any--in this example of mine--CANADA has been repudiated since it was sold to you.

Examples of repudiated currency in this USA? Gold Certificates. Silver Certificates. Paper Fractionals. Trade Dollars. etc.

Been there, Done that. Have cashed some in. MADE A PROFIT on the exchange
no less, using both EUROs at the time and CANADIAN at the time.

Will NOT DO EUROs again. Even tho' the EURO is partially gold backed, (18%), that currency --in my opinion-- is headed for crumpling since it is demonstrably under foreign currency attack, such as GREECE just experienced, and the PIIGS nations will still be subjected to. It's just too luscious of a target for the "black box" big boy --think Soros-- type players.

Later.
;D

[Sock Puppy]

Right now I'd consider the Canadian Dollar. It's been inching its way up without a lot of notice lately.

I'm also looking for a turn in the Euro and hopping into it. It looks like it is bottoming, but it might be a false bottom.

--Pup

[DMac]

PONCE...

hey buddy, listen closely, okay?

If you want a N.A. currency, the answer is: CANADIAN DOLLARS (resources' backed)

If you want a GLOBAL CURRENCY, the answer is: SWISS FRANC (partially gold backed)

Here's what you need to know:
1) US Bank has an international branch in Portland Oregon. That branch is
charged with the responsibility of selling foreign currency at the "least spread."
It's better than C.Cards will convert a currency into another currency spread.

2) Check with any bank to see if THEY have a foreign currency branch and get
their number.

3) BANK OF AMERICA is one of the TWO RESOURCES which will convert back
into US CURRENCY with the least amount of fuss.

BoA will NOT convert anything LOWER than a C$5.00 for example. Each Branch Manager has a 3-ring binder with the photocopies of the current foreign currency which is still legal fiat in the country you re considering, in this case, CANADA.

Even then, the Branch Manager calls their Supervisor to check to see which if any--in this example of mine--CANADA has been repudiated since it was sold to you.

Examples of repudiated currency in this USA? Gold Certificates. Silver Certificates. Paper Fractionals. Trade Dollars. etc.

Been there, Done that. Have cashed some in. MADE A PROFIT on the exchange
no less, using both EUROs at the time and CANADIAN at the time.

Will NOT DO EUROs again. Even tho' the EURO is partially gold backed, (18%), that currency --in my opinion-- is headed for crumpling since it is demonstrably under foreign currency attack, such as GREECE just experienced, and the PIIGS nations will still be subjected to. It's just too luscious of a target for the "black box" big boy --think Soros-- type players.

Later.
;D


Beefsteak hit the nail on the head. CAD all the way. Personally I would skip the CHF as I no longer believe they are backed by gold: Gold in Swiss Francs - Tuesday 24th November 2009 (http://goldnews.bullionvault.com/swiss_gold_franc_112420093).

I also like the Renminbi if it is available.

[Ponce]

JD? the only thing that "smell" funny is that I have all the silver and gold (not that much) that Iwant, I always like to made at least three plans behind the plan and in this case I don't have any foreign currency so that getting some of it would only be another plan.

Ciggar Lover? I kow.......every time that I send money to my dad they charge me 10% to change the dollar to the new international peso.

Beef? If by any chance I cannot get to my farm in Argentina then I'll head on to Canada, but of course they wont let you in unless you can prove that you can support yourself..... between my 20 Maple Leart and their currency I think, and hope, that they will let me in.

Chances are that I will die right here but like I already stated......a plan behind the plan.

Thanks buddy.......... ;D

OK guys.........the American, Cuban ......new Canadian is on his way hahahahahaha.

[jaybone]

Just saw this on the front page of jsmineset.com

JSMineset’s consistent view of best currencies, in order of quality:

1. Gold.
2. Cando.
3. Swissy.

FWIW

[sirgonzo420]

In one hour I'll be going to my back to buy some foreign currency, that's something that I don't keep track off........which currency would you buy and why???

Even when I bought my farm in Argentina it was paid with dollars......


"ponce" buying PAPER??? something smells real funny..



Ponce has always bought (toilet) paper.

And you bet it smells funny!

[Ponce]

LOL guys, love you 2...........

$4,993 for $5,000 Canadians.........that includes the $7.50 for the deal.

[Answer2me]

i was hoping you would have gone with the euro, best rate in years, if big oil decides to make the final step in excepting it as a reserve, that would save it. big risk big reward.

[mick silver]

"If you don't hold it, you don't own it"... Ponce

[Ponce]

I am soooooooo angryyyyyyyyy, went to the bank today to pick up my Canedian currency and they hit me for another $287.00 because the banker read from the "wrong" column when she quote me the rate of exchange........oh well.

At leas I know that I will still have something of value when the dollar hit the bottom of the barrel........good company for my silver, gold and coins.

[beefsteak]

Sorry to hear that, Ponce.

The way I would look at it after I got over being angry if that happened to me is this:
I'd just take it as proof that I'm early, aka "beat the crowd!" I like getting in and getting my business done before the queque forms!

And besides, the next time you want more, you know that particular bank manager has been "retrained" by his or her higher-ups, and won't make THAT mistake again. Said re-training comes with an earful and a loss of stature in THEIR pecking order.

I hate it when I have to be the "index case" in the training of other people at their jobs. Makes me mad every time it happens.

Good on you! ;D

[beefsteak]

PONCE...

3) BANK OF AMERICA is one of the TWO RESOURCES which will convert back
into US CURRENCY with the least amount of fuss.

Ponce,

I keep waiting for someone to ask what IS the second of the TWO RESOURCES for quick and painless conversion back to FRNs with the least amount of fuss.

Any guesses out there in G-S-L land?

;D

[Awoke]

Ponce, I'm no financial planner but if anything IMO, now is a good time to transfer your Canadian cash into American.

The American dollar is always propped up somehow, and typically our Canadian dollar lags behind at only 70 to 90% purchasing power of the USD.

With the currencies now at almost parity, now would be a time for Canadians with savings to transfer into American dollars, because (excluding a total currency collapse) the USD will always be propped up higher than the CAD in the long run.

I suspect that in a couple months, our dollars will return to the usual spread, and Canadians that moved into USD will then transfer their money back into CAD and come out with a neat profit.

Like I say, I'm not really into money, but it makes sense to me.

Unless I'm retarded.

[Ponce]

Awoke........that Canedian money is only a minimal amount of what I have, but like I said before........."I like to leave as many doors open that I can ".

My bank will exchange the above currency at the going rate and won't charged me anything above it for the exchange, I have a feeling that there will be no need to exchanged back to US currency because the people right here in the US will be more than happy to get them from me.