converting dollar to other currency

Due the falling dollar, has anybody thinking of excahge dollar to some other currency,such as Yen or eur? If so, what is the best way to do it? TIA. -ST

You could use an inverse dollar security such as UDN

it will be converted for you without your consent in two years...its called the amero

amigos...ameros... well, if you have an acct at IB, you can keep money in various currencies. there are also varius ETFs like FXE, FXJ, FXB, then there are other foreign debt funds like GIM...and then there are siver and gold coins, and copper ones, too, BTW! but the problem with currency is the same allover - you need to have some return over the currency to compensate at least for inflation. let us know what you find out in your research!

very good buy high and sell low..and more
http://forums.techni...post?id=2422832

UDN and UUP are too thinly traded and dangerous IMHO.

Check out Everbank: LINK
You can buy a minimum $10,000 CD in another currency and get interest plus the effect of currency moves, up or down.
$100,000 FDIC insured

"You're intrigued by the financial potential of diversifying your portfolio with foreign currencies. That's an ambition EverBank® understands. For over two decades, our WorldCurrency family of bank products have delivered foreign currency opportunities. Individuals may benefit financially from the appreciation of currencies against the U.S. dollar and earn interest rates from around the world."

Foreign Currency Opportunities
Research a Currency

* Australian dollar
* Brazilian real
* British pound
* Canadian dollar
* Chinese renminbi
* Czech koruna
* Danish krone
* Euro
* Hong Kong dollar
* Hungarian forint
* Icelandic krona

* Indian rupee
* Japanese yen
* Mexican peso
* New Zealand dollar
* Norwegian krone
* Polish zloty
* Singapore dollar
* South African rand
* Swedish krona
* Swiss franc

Edited by Rogerdodger, 30 March 2008 - 11:07 AM.