what is the safest currency on the planet? if one wanted to park some $$ there?
The peso. Im not expert. Just a guess
silver because it can only go up once it gets low enough...... the tides will turn on silver BUT as far as paper money... ZERO are safe, they are only as safe as the idiots who believe it is worth value.
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An education, technical skill, or ammunition.
I have all three.
"The essence of the Liberal outlook lies not in what opinions are held, but in how they are held: instead of being held dogmatically, they are held tentatively, and with a consciousness that new evidence may at any moment lead to their abandonment."
-Bertrand Russell
I received positive rep for extreme sarcasm from a person who thought I was serious ... please look up Poe's Law
Obviously no fiat currency is completely safe, but I remember llepard was recommending the Swiss franc not to long ago
The Boston Tea Party supports reducing the size, scope and power of government at all levels and on all issues, and opposes increasing the size, scope and power of government at any level, for any purpose.
i don't mean silver or gold.. just currency. My brother in law says the swiss franc is good to be in when the dollar is going down... don't know if he's right.
For all intents and purposes, what is gold and silver good for except for electrical connections and jewelry? When it comes to the truly "nut cutting times" only usable commodities will matter.
agreed
so in crazy times I think these will be the best "currency"
1. liquor
2. women
3. weapons
I can't wait to get yelled out for #2 lol
Originally Posted by Chris_Augustine
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Right now people who held on to there USD instead of trading it in for the CND when it was at par are very happy today LOL!!!!! I should know Im a canuck and I warned alot of good RP supporters who were thinking of exchanging there USD for CDN because they though it was gonna blast away from the USD well the complete opposite has happend and its "history as usual" Right now the USD is hurting the other currencies its smashed the Euro high of $1.60 and is molesting the Canadian dollar aswell . I love Precious metals but people who thought the Dollar was gonna just keep sinking dont understand how the USD still has some feet.. Today proved it only because it Shot commodity prices down but if you kept a tab on the last few months you could see that CDN dollar and the Euro were not gonna strangle the USD for that long of a Run through summertime.
GGGG--God, guns, grub, and gold. :-P
the future belongs to China IMO
Gold.
take this section from "economics for real people"
in saying only usable commodities will matter, i believe you are wrong. People will use precious metals to pay because of the above stated reasons, and the seller can then use them for other products. Who wants to drag a barrel of oil to the grocery store to pay for their groceries?Historically, a great variety of goods has been used as a
medium of exchange: cows, salt, cowry shells, large stones,
exotic feathers, cocoa beans, tobacco, iron, copper, silver,
gold, and more. Economist Milton Friedman notes that cigarettes
were used as money in post-World War II Europe.
However, not every good is equally suitable as money.
There are certain characteristics that favor the use of a good
for indirect exchange:
The good is widely marketable.
This is the chief prerequisite for a good to become
money. There is no point in trading a good you want to
sell for one less marketable, unless you have a specific
use for the less-marketable good. The rest of these factors
are important in that they contribute to a good
being widely marketable.
The good transports easily.
If someone wants to trade using a commodity, it helps
to be able to get the commodity to the trading site. Early
instances of indirect exchange often employed livestock,
especially cattle. That was money that not only talked
but walked as well. Land is a poor medium of exchange
because you can’t ever bring it anywhere.
The good is relatively scarce.
This criterion is closely tied to the one above. If the
good used as money is plentiful, you’ll tend to need a
lot of it to make your purchases, making it hard to move
around. For instance, if we used topsoil as money, we
would all need a dump truck to go grocery shopping.
The good is relatively imperishable.
You don’t want your money “going bad” a couple of
hours or days after you get it. The longer you can hold
your money, the more opportunity you have to wait for
a good deal to come around. This is why items like milk,
eggs, meat, and so on are not suitable as money. Livestock
can, of course, die, but you can check when
you’re trading to ensure that you’re not being given
money that’s on its last legs. The precious metals and
gems clearly stand out in this regard.
The good is easy to store.
Not only should your money last, you don’t want to
have to go through a lot of rigmarole to get it to last. A
chemical compound that is only stable below -300
degrees Fahrenheit will not come to be used as money.
Carl Menger mentions that cattle were a popular
medium of exchange among people in societies that
were primarily agricultural and had plenty of open land
nearby. The rise of cities made cattle much less useful
as money. Most co-ops have strict rules against keeping
livestock in an apartment, and the practice makes it very
hard to keep the shag carpet clean. The precious metals
and gems are again winners here.
The good is easily divisible.
Not every exchange ratio will result in whole numbers
of each good being exchanged. If your money is easily
divisible, you can make change. Livestock clearly falls
short in this regard, as once you divide it up, it’s not
going to walk anywhere for you, and it becomes much
more perishable. Gems are weak here also, given the
difficulty in dividing them without destroying much of
their value.
Each unit of the good is very similar to every other unit.
You don’t want to keep fussing around checking out the
quality of your money and adjusting the exchange ratio
based on this quality. For one thing, someone else might
judge this quality differently than you do. Diamonds,
while in many ways suitable as money, are problematic
in this regard—it takes an expert to judge the value of
any particular diamond. The divisibility problem with
diamonds is related to this. You can’t get the price of a
whole diamond by adding up the prices of its pieces
once it is cut.
The only goods that stand out in all of the above criteria
are the precious metals, and most societies eventually came to
use silver and/or gold as money. As international trade
increased, gold gradually displaced silver in most places. (The
amount of gold that needs to be shipped for any particular
payment is only a small fraction of the amount of silver
needed for the same payment.) This process finally led to the
international gold standard of the nineteenth century.
There is nothing mystical about the choice of gold as
money. It is merely the commodity that best fit the above criteria.
Another commodity, such as platinum, could easily
prove superior at some point in the future.
The value of a good used as money originates from its
value as a good employed in direct exchange. However, in the
process of becoming money, the good gains additional value as
a medium of exchange. Still, the value of money is determined
in the same way as that of any other good—by the subjective
evaluations of those trading it.
The Swiss Franc is a classic safe haven currency. If you want some wealth protection with less volatile swings go with the Franc.
And how does one get Swiss Francs?
If you want a safe investment, find out which profitable corporations convert their take into francs at the end of the day. If you just want the currency, your banker can help you with that.
Lead.
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