Topic: If you had to choose one fiat currency to keep your money in... (Read 3833 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.

Yen is doomed in short order.  Swissie is pegged to the Euro now.  USD has least chance of hyperinflating over the next 2 years.  After that, not so much.

I conclude that there is no conclusion.

Ah, interesting. Good to know. Seems like a good alternative to USD then.

It is but they have other foreign currency reserves so in case of hyperinflation its marginally better protected. Also, you get marginally better interest rates.

Well HKD is just pegged to the USD is it not?

HKD or EUR.

EUR because there are some places that offer halfway decent interest rates. Especially in Ukraine which the Euro union isn't going to allow to default 
HKD because its an actually stable currency.

Depending on what you are comparing it to.

Euro/USD will probably not get any worse, but purchasing power will probably keep dropping unless they fix the fundamental problem.

The Euro, because it can't go much lower now ... or .. can it?

It won't. It will keep getting worse.

SGD is another interesting one. It might be good to hold the currency of a capitalist minded country that doesn't have a reason like exports to drive their currency down.

I Choose Singapore Dollar (SGD)
but not so many amount of my wealth in fiat, i prefer invest to gold / property / stock
be careful holding currency from Big industry country
their gov weaken the value of their currency to support product export
check here

CHF or GBP right now I guess. It seems they are most stable.

I think JPY/EUR is good currency at this time 

Gold / BTC is good investament 

It's not cheap at all, but at an average price for the past couple of years.

ECB will soon start doing QE, while the fed will end it. EUR-USD pair will probably fall to 1.25 soon.

Well, I d rather invest all my fiat currencies in gold

Canadian dollar stable banking system
Survived the financial crisis and was even expanding its operation.

The worst major currency to keep money in would be the Euro basket due to the problems the EU faces outdoing the American for now.

Cheap is a relative term. The price is where it is for a reason, mainly because EUROPE as a whole can no longer compete on a global scale.

Euro is very cheap now. I expect Euro to rise in value when their economy improve in a few years.

RMB.

If people argue wider adaptation is why bitcoin value should sky rock, then choosing RMB is a no brainer since all the production are mostly done in China these days.

Swiss Francs or the Yen

Is NOK trusteable these days?

I think the best currency is EURO then dollar.
Those currency has high value & keep increase gradually.

Worst currency is Rupiah...because their currency keep decresing until reach Rp 11.500 / dollar.
Everything are expensive at my country 

A single currency...

I really don't know, to be honest. I'd say something stable, and it kind of surprises (and doesn't at the same time) that people are putting stuff into the Euro. I'd be iffy with that, as there have been issues that make it look like it could waiver in the near future.

So I'd probably put my money into the Canadian Dollar, because I do live in Canada, but it has been decently stable over the past few years.

To be honest, I don't really do currency investing, but I may if I feel like it's a good idea.

Plus is there is anything like 2008 again, Canada would most likely be one of the most stable ones, as they pretty much cut the national deficit recently, and have good infrastructure in place for exporting more to keep the money circulating.

I don't know a lot about currency investing, so please, don't quote me or treat me like a financial expert. I only really do cryptos or commodities. (Or stocks.)

Out of the major ones probably USD if I had to pick.

There's a lot of bullshit going on that the USD is going to die, but I bet it will gain against most other fiat currencies in the next 5 years especially if something similar to 2008 happens again.

Also, a bonus is that there are lot more trading vehicles denominated in USD. It's far more useful than most other fiat currencies.

Hello,
I am not sure in the euro as a lot of countries which are EU members still do not accept it widely. Nothing stable in the EU and nothing sure for its future. EU right now is like Bitcoin: nobody knows where it is going..In my opinion Bulgarian lev is the currency 

Euro, because I do live in Europe and I am not planning to leave anytime soon.

If you had to choose one fiat currency to keep your money in...

In the past this was US dollar.
Now, after this global financial crisis it's very hard to tell.
It seems that EURO also have a lot issues recently so I would say Swiss frank at the moment (still showing some stability).

I think the most stable currency is GBP, the least stable is JPY

Kroner. Mainly cause my country (Denmark) is likely to be one of the last to have private funds confiscated, and also because bitcoin gains are taxfree.

The euro gets my vote for worst. No telling what might happen to it.

CHF does look quite good actually. Very nice chart the last 5 years. I think that's the front runner so far.

Not the Euro, not the dollar, not the pound. The Euro has tons of issues.

The swiss franc has been one of the most stable of the fiat currencies.  Although it is probably better to buy hard assets. ;-)

The Euro is where I'd keep it in Fiat.


The Pound and the USD are just so tied into each other, so dependent on the City, and not industry and are so phuqed when it all goes Pete Tong.

The US prints dollars,
sends them to China,
and then China buys England with them.

It will all end in tears.

which one would you choose and why?

What currency do you think has the best chance of keeping its value over time?

Also, out of the major currencies which one do you think is the worst one to keep your money in?