Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

How does one go about buying "Euros" ?

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU
 
Postman Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-30-05 07:56 AM
Original message
How does one go about buying "Euros" ?
just in case the dollar collapses.
Printer Friendly | Permalink |  | Top
LosinIt Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-30-05 08:00 AM
Response to Original message
1. You would want to buy them Before the dollar collapses.
I have no idea how.
Printer Friendly | Permalink |  | Top
 
illflem Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-30-05 08:05 AM
Response to Original message
2. Go to any bank or do a search for "buying euros"
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.
Printer Friendly | Permalink |  | Top
 
TWiley Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-30-05 08:05 AM
Response to Original message
3. Travelers Checks?
Keep em handy with the passport too.
Printer Friendly | Permalink |  | Top
 
leftyandproud Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-30-05 08:14 AM
Response to Original message
4. much better idea
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.
Printer Friendly | Permalink |  | Top
 
Sgent Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-30-05 08:40 AM
Response to Reply #4
5. Best option
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.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Mon Apr 29th 2024, 08:37 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC