What currency would you put your savings into in the following senerio?
You put your money into a high-yield savings account for 10 years. You are not allowed to withdraw any money or close the account and take out the money until the end of the 10 Years.
What currency would you prefer having your savings in, keeping in mind that higher inflation could affect the value of your money, Euros, US Dollars, British Pounds, Japanese Yen, Hong KOng Dollars, Swiss Francs, or other and why?
I'll put my money in the Chinese Yuan (Renminbi). It's the currency that will appreciate most against the dollar. Why? Just look at the trade balance.
My second choice is the Canadian dollars, because Candada has vast natural resources, especially OIL, and countries with vast natural resources will fare the best in the coming years when the middle east oil dries up. On the other hand, Brizilian Reals are looking pretty hot these days – it's moving up against the dollar steadily. This is because of the Commodity boom, and Brazil produces a lot of agricultural commodities, including sugar and ethanol.
Other than that, I'll put my money into GOLD and SILVER, because they will appreciate in value against the US Dollar.
