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How do you invest in foreign currencies (ie. Euro,Japanese Yen, ect.)?

11 Mar

I am very worried about the US dollar losing its value. I am interested in investing in foreign currencies at this time. Does anyone know how to invest in foreign currencies?

Can I go to a bank and invest in foreign currencies? I heard that UBS can but they do not have bank accounts.

Can anyone help me out?

 
3 Comments

Posted in Foreign Investors Group

 

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  1. Yuman

    March 11, 2010 at 7:43 pm

    If the dollar drops against a foreign currency, you should expect to make money on the relative movement, but also the interest earned on that currency. So don’t go to a bank and buy the bill and hide them under your mattress.
    Please read up on http://www.etncenter.com/Barclays-Announces-Plan-to-List-Three-New-Currency-ETNs
    and http://www.etncenter.com/Morgan-Stanley-Introduces-Two-New-Foreign-Currency-ETNs
    You will need a stock brokerage account to trade them.

     

  2. Terry S

    March 11, 2010 at 8:36 pm

    http://www.Everbank.com

     

  3. PupKing

    March 11, 2010 at 9:12 pm

    I’m investing in dollars, my investments are converted in Euro. I get back my money plus earned interest in Euro. Good deal! I earn twice.

    I can help you if you really need help. Email me through my profile.
    I wish you success!