Postman
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Sun Jan-30-05 07:56 AM
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How does one go about buying "Euros" ? |
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just in case the dollar collapses.
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LosinIt
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Sun Jan-30-05 08:00 AM
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1. You would want to buy them Before the dollar collapses. |
illflem
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Sun Jan-30-05 08:05 AM
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2. Go to any bank or do a search for "buying euros" |
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Edited on Sun Jan-30-05 08:05 AM by illflem
I'd be careful though, it's to the rest of the world's advantage that US dollar doesn't get weak. You could be buying at a peak right now.
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TWiley
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Sun Jan-30-05 08:05 AM
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Keep em handy with the passport too.
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leftyandproud
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Sun Jan-30-05 08:14 AM
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Edited on Sun Jan-30-05 08:15 AM by leftyandproud
get physical SILVER. It's currently around $6.70 an ounce. It is beautiful, portable, and holds value regardless of what ANY government does to it's currency. If the dollar falls, it usually rises, and vice versa.
You can probably find a local coin dealer in your phone book, or you can buy it on Ebay. Just find a reputable seller and buy in bulk (100oz bars) to get it close to melt value.
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Sgent
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Sun Jan-30-05 08:40 AM
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Buy a euro denominated bod -- the national debt of Germany or France, or open a CD denominated in euros.
This is the way that its actually done on investor markets if you want to own the euro. You get the benefits of owning euros, plus the interest payments.
Any stockbroker, and some US banks, will be able to set it up. The commission should be about $50.
You could also contact a european bank and open an account, and wire money there from your US account. They will convert it, and invest it in a CD or the like.
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DU
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Sat May 04th 2024, 07:20 PM
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