The Safest Currencies if SHTF!???

Let me started by saying that i'm getting very interested in the FOREX (Foreign Exchange) Currency Markets. Probably in a few months or 6 months time i will attempt live trading.

I live in Australia where our exchange rate is about one dollar australian to get 64 US cents.

To make the most profitability in the end i should start my account with a strong currency like the US$ or the EURO or Pound, and when i want to convert those curencies back into australian dollars i'd get a lot more Aussie dollars.

So i was thinking maybe start off using US dollars, but seeing how they're printing lots of money and their economy is up the shiot and to be worse soon, i was thinking about going EURO's, But seeing as many EUROpean countries are in the shiot and if just one of those countires were to go bankrupt apparently the consequencies would be Cataclysmic. (or so i read inthe Australian Financial Review). So i was thinking of going with the Pound but they're printing money also and the value of the pound is going down down down... The only other currency i can think of would be the yen, but since their exports has reduced to about 46% from a year ago, all i can think of is that the Yen would be going down too..... just like singapores money value.

Since every other country are needing less commodities for which Australia is well known to export (i mean minerals, iron ore, coal, etc..) and are therefore weakening the australian dollar, I don't really wish to start my forex account in Australian dollars. I want a stronger currency than my own, that wont collapse or crumble when more SHTF?

So what i'm wondering is, if anyone knows or has any idea.... What would be the safest bet on which currency to put my money into to begin with so that i get the maximum returns on my investment in FOREX trading when i plan on with-drawing all my funds.

Your help would be greatly appreciated in this matter.

Thank you and kind regards,
DaRAGE

[edit on 4-3-2009 by DaRAGE]

In my opinion every currency on earth is in danger because of globalization, all major currencies. Every country’s economy is effecting the other , so dealing in currencies is a bet like gambling these days , so its either you stick with the currency that you use in your country or buy gold cuz I think it’s the safest thing today .

or just wait for the NWO currency

Just my opinion

The easiest answer is resources. Non-perishable foods, seeds, land, rechargable batteries... Don't worry about currency. If SHTF...the thing we're going to be trading is bullets. Bullets are a universal currency

Here are some viable currencies for you...

unopened bottles of wine
and/or hard liquor

unopened cans of beef stew, other canned foods

unopened bottles of spring water

ammo

tobacco

salt, sugar, and spices

dried beans, rice, pasta, and wheat products in cooking condition

clothes

shelter materials

and so forth.

If you operate your own little dry goods store, you'll barter your way into some weird
form of richness that is, if you don't get killed in the process.

Gooooooollllldddd.

Never fails. History has proven that even through economic struggles gold holds its ground. No mater what happens it will be valuable. Currently the best investment are the coins, especially the Canadian Gold Maple Leaf. The American Gold Eagle, and the South African Krugerrand are not bad investments either.

However in a total collapse coins might lose a lot of value and the core gold/weight is what you would have. I'd shop for bullion bars. You can get very pure and valuable bullion bars. 99.9999 otherwise known as 4-9's gold is the purest available. It's great because it is so soft you can use a sharp strong knife to shave it. Paying for goods with weighed gold shavings would work very nicely.

Always be careful to only buy from authorized dealers. And shop around because a lot of dealers mark up a lot.

Here are some links for you on how gold is doing in general. As you can see, it slumps and rises, but overall it is at a constant rise. Hold onto your gold long enough and you definitely will have made money just letting it's value grow. It is not recommended for quick yields. You will end up losing money for what you payed to the dealer to get the gold.

johnlynnco.net...

en.wikipedia.org...

Of all the precious metals, gold is the most popular as an investment. Investors generally buy gold as a hedge or safe haven against any economic, political, social, or currency-based crises. These crises include investment market declines, inflation, war, and social unrest. Investors also buy gold during times of a bull market to gain financially.

Prostitution and porno will always be in demand. Think about it, our basic primeval needs will have to be met first and foremost. This maybe politically wrong to say, but it does have some merit. I don't see people discussing it too much though with fear of their reputation and all.

How much "Currency" would these Items produce in a situation x .
It is worth thinking about.

Thank you everyone for posting but it's all completely off topic from what i was asking.

I dont think money is going to go the way of the dodo any time soon.

What i was asking was if anyone had any god ideas as to if shiot does hit the fan that a strong currency would be that would be able to take some punishment but still remain strong compared to the Australian dollar.

Any ways, thank you for your opinions.

yuan is the best to invest , alongside strategic minerals

Why do you say that the yaun is the best currency to invest? Just wondering...

I would say the Euro, im with you i dont think currency is in much threat. The only thing is its not great to start with Aussie $, ive had my account nearly cut in half by the conversion(i started with AUD), but still the Euro seems like the strongest one around. Its closed up on the £ a fair bit. And if you are going to spend your money is Oz it offers a good rate back.

Want a better answer? Ok.

None. No currency is safe in a GLOBAL economic meltdown.

G
O
L
D

Still don't believe me eh?

on CNN today. The "oh nos" and one "oh ya". Want to guess what the Oh ya was?

money.cnn.com...

COMEX gold for April delivery rose $20.60 to $927.30 an ounce.

if you are SAVING your money then you need to INVEST it right now. There is only 1 safe investment...Do what you want, by all means take a gamble. But if you want a safe place for your money to sit...then research what I told you.

This is an old post (OP), but what the heck... my opinion would be to look at the Swiss Franc (CHF). According to the time of your post, I'd guess you are trading live (?) by now. I trade currency and commodaties on a daily basis myself. This is the most sophisticated and most volitile market on earth. I have found that you can't really label any one currency "safe". But you need to look at a myrid of indicators. Trends, the news (local and international - mainstream and alternative).. The market sentiment changes day by day but the clues are there. The AUD is doing better against the USD as is CAD. But right now the EUR is weaker against the USD. Indirectly these pairs all interrelate. The CHF is a bit different however and I have found it sometimes sways the opposite as the other pairs.

I would be interested to know what leverage ratio you are using and do you trade with a US or other broker? I do not use a US broker as they have certain limitations and regulations that are not present in other international brokers. Some options/freedoms in trading have been stifled in the USA, whereas a broker in let's say Russia offers more options. Ironic eh?

I also look at the commodaties: Gold, Oil, Silver, Nat Gas, Wheat, etc... if you wish you may corrispond with me via PM, (or post) on Forex trading in general. Hope you are having success! ciao 4 now... RDDS

we can always do what they did in fallout:

BOTTLE CAPS!!!

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