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TheCountOfNowhere

Best Way Of Buying/holding Foreign Currency

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Hi All,

what's the best way of buying THEN holding foreign currency ?

The savings rates have got so bad and the housing bubble so large, it's time to prepare for the inevitable collapse of the £.

Suggestions please.

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Gold is the best money to hold in the event of currency collapse. This has been proven time and time again.

I've got enough manageable physical gold to time me buy for 6 months in the event of the banks shutting their doors

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Synthetic position with spread betting will give you small spreads and any gains are tax free, I use ig, you'll have access to a large range of currencies. Pick the furthest expiry date available and remember to opt to automatically roll positions...

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Open a trading account. Not spread betting account. You can the stick in say 10,000 and swop it to say 14,000 USD or 12,000 euro. That way its not margin. You own 14,000 USD.

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