Topic: If you had to choose one fiat currency to keep your money in... (Read 3832 times)

Am not that much of an economics guy but i would pick the euro. Why? Seems like the most stable of all the fiat currencies

There is some level of luck in any one person's success, however even with fierce competition hard work will eventually pay off as hard work typically results in good results for your performance. Another way to look at it is if you do not work hard then you will likely fail in an environment that is competitive as you will not get results while others will.

Given a choice I would more than likely move over to euro rather than go to any of the others. I feel at the moment ones like USD and GBP are in so much of a mess it may not be as beneficial to me to move over to those but it seems like euro is a little more stable compared to others.

I actually started using Swiss Francs back when I was trading on Mt.Gox because of their low inflation rate. That being said, if I had to choose one it would still be the USD.

Market competition is fierce where I am. Hard work doesn't equate good reward. Luck and meeting the right people still played a big part of climbing the ladder.

Almost every country has some kind of entitlement programs. The entitlement mentality will likely fade over time as people realize that the rewards are much greater if you work hard then follow the liberal ideals. All fiat currencies will likely have inflation over time, I would think that the USD and the EUR would likely be the currencies that has the least amount of inflation, however the EUR does have some change of going away.

If the money supply grows 7% a year and the countrys GDP also grows 7% is that not a fairly even currency to hold ?   I suspect they are importing inflation via business done in dollars?
I mean Ive seen worse examples, its best not to use any fiat in particular.  If you hold an asia pacific unit trust then you would have holdings in five different major asian economies and of course those companies hold cash so thats what I'd prefer.   Asia had its crisis in 1997 already, I dont think they've done the same now and they did not hold sub prime debt for example

i will have go for usd but it valueless so i rather choose euro.

They also have sky high inflation and a totalitarian government:
http://b-i.forbesimg.com/jessecolombo/files/2014/01/singapore-money-supply-m3.png

HKD would be an interesting one as China is building up gold reserves and surely HKD will gain when China stops fixing to dollars.   But you are trusting their government to do anything but favour themselves.
Their holdings of trillions in US debt will cause them problems and its most likely the currency suffers for that


No their interests are with politics not keeping currency worth.    They would devalue and make currency holders pay to service centralised debt.    If you want to go Euro then hold Swiss francs as you can at least hope one day that country releases the tether they hold over Euro before it goes over a cliff and so your losses are limited.  Swiss hold about 10% of worth in gold backing and they were the last gold backed national currency to operate up until 2000


The one I'd choose if I had large amounts (spare) in a currency  I had no debts in, it would be Australian dollars.     Its a large country with many resources, not that many people and they have an interest in maintaining a link to commodity industry.   They are more aligned to Asia and actual production not so much politics and old western dominance now based on consumerism.    Also its a national bank which operates a national mint and even their own gold mine, they are far more likely to link or respect gold exchange long term when its a part of the countries national production already.
Especially if that industry rose as dollar fell, its likely to benefit even fiat investors in that country

don't think so the gov can easily control their own exchange rate. Chinese GDP jumped to the second to US in the world. It is industrial country and always has trade surplus. China is holding a lot of hard asset like dollar, gold, US treasury, natural resources etc. China is spreading its currency to every corner of the world and trading with them. Anyone who is wise enough can spare a little to invest in RMB. There will be a huge return in less than 10 years!

As of today, HKD.  I suspect the peg to USD will break soon.

CHF or GBP for me.

I would keep in GBP 

USD and EURO will probably continue to lose value over time as the population is still attached to entitlement mentality.

sure, Singapore is third-highest per capita income and stable economic is past years
and political situation is that region (southern part of SouthEast Asia) is good
so i think SGD will stable in the future and interesting to invest

I keep it in Canadian dollars.   

The Canadian financial system handled the financial crisis well and banks have strict lending rules.  In addition, the Canadian economy is doing ok.

OR

Maybe the Chinese Renminbi in 10 years if it becomes more stable.

Not the Euro.  I think at least one country will leave the Euro in the next 20 years.

Chinese YUAN or Singapore Dollar.

Its strictly better than the USD. Its amazing to me that people aren't already making the switch.

That peg will break.  It will re-peg to CNY.