Are you tired of close to zero percent interest in your US dollar savings account? Perhaps it is time to move some of those dollars into other currencies. As the chart below details, in a one year period from last June, if you had transferred some of the dollars into Swiss Francs you would be up about 20% already.
Even the Euro has been up almost 15% in that period. Although not shown, the Canadian and Australian currencies have also had strong runs. What this means... if you changed $10,000 into Francs last June, you would currently have the equivalent of $12,000 with the 20% gain.
And now, you do not even have to leave the country to set up an account. There are now Exchange Traded Funds (ETFs) you can buy through your broker just like a stock that mirror these currencies. Of course, when the dollar strengthens these currencies lose value. However, as noted here, the US dollar has been in a fairly strong down-trend since1933.
And now, you do not even have to leave the country to set up an account. There are now Exchange Traded Funds (ETFs) you can buy through your broker just like a stock that mirror these currencies. Of course, when the dollar strengthens these currencies lose value. However, as noted here, the US dollar has been in a fairly strong down-trend since1933.
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