Foreign Currency.

May be local to you all but coming from a dude from the usa, I have started to buy in random currencies when I see it. I normally don't shell out face price on things but rather just what you see is what you get bases. Sometimes the currency is dead sometimes is still used, or has a current conversion rate to a similar or combined amount.

Does anyone else do this? Its probably a waste of time but if im ever caught in canada or mexico im set. What do you have your dollar into?


Anyone have bahamian dollars? Ive started buying small amounts just at flea's or swaps ive been too.

 

Mhm I currency don't appeal to me really, at the moment all my money is just in a 2.5 percent savings account but it matures in a months time then the interest rate drops to 1 percent so not really sure what to do with it then.

 

You need to be fairly consistent with your knowledge of economics for currency profits. If you can buy bulk currency for example GBP > ASD and wait long enough for a significant rise it can be profitable but to make any real money you have to invest a large amount of money and wait a good deal of time. Can be done though.

 

Right, Which I try to keep up with it and actually read whats going on in the countries I have. Alot of "if's" play here. From where im an american I have more of canada's cash, from what I see being totally uneducated in really any currency exchange they have an honest healthly dollar. Plus Its right above me.

 

I've thought about doing this for quite some time, tell me how it works out

 

I'm just getting into Forex trading. A reputable company will tell you,
9 out of ten people that trade Forex lose their money & give up.
Most Forex trades are losers.

 

Aquire the real thing, fuck other people thumbin ur cash

thats how I work. sorry,

 

I have been doing this for a while. I prefer not to get any money from North America and try to focus more on old money from across the pond. I have a bunch of Nazi money. It is a fun thing to do!
I also like to get old US money like read seal $2 and $5 bills and some silver certificates.