thinking AUD, CHF might be a reasonable diversification along with PMs and Bitcoin
best easy way to own Foreign currencies
#1
Posted 17 June 2020 - 12:20 AM
#2
Posted 17 June 2020 - 08:05 AM
AUDUSD better than CHFUSD
#3
Posted 17 June 2020 - 01:20 PM
AUD:USD looks good on Big Mac Index
#4
Posted 17 June 2020 - 09:16 PM
but how do folks suggest owning these assets?
#5
Posted 30 June 2020 - 06:59 PM
maybe you can open a bank account there and deposit in their currency?
I am thinking to do it in Canada and another country where i want to purchase a house later on.
#6
Posted 19 July 2020 - 06:01 PM
I've made small purchases in FXA and FXF, Fidelity Currency funds
Bill
#7
Posted 21 July 2020 - 09:32 AM
So, my bad. Since all Fidelity Funds start with 'F',and I trade in with them, I assumed. But,they are Invesco Currency Trust shares. That said, they do seem to fit the requirement. Also, I see today that the Aussie dollar is performing better that the Swiss Franc. I'll track them in case the dollar goes over the cliff as many are predicting.
Bill
#8
Posted 28 August 2020 - 10:46 AM
These two continue to appreciate as the dollar loses value. Not going to be 10-baggers, but they're up 2-3 % in just over a month. So, in my mind, another place to consider to protect capital.
#9
Posted 29 August 2020 - 10:09 AM
https://www.merkfunds.com/fund/mhcf/
About a decade ago I used this fund to hedge my dollar cash position instead of opening foreign bank accounts and because I personally thought this was a cheaper/easier and a "liquid" alternative. Now, with easy access to forex markets, I do not need to make a long term hedge in such a fashion. Do your own due diligence of course and it may not be a good fit for your situation.