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Currency Revaluations: Truth of Fiction? Anybody stashing?

Thread in 'Finance / Investing' started by mriton, Aug 24, 2019.

  1. mriton

    mriton Outdoorsman

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    According to investopedia:
    A revaluation is a calculated upward adjustment to a country's official exchange rate relative to a chosen baseline, such as wage rates, the price of gold, or a foreigncurrency. In a fixed exchange rate regime, only a country's government, such as its central bank, can change the official value of the currency.

    I have a few associates that are investing in buying the physical notes of certain countries in the event those countries paper notes revalue. The Iraqi Dinar, Vietnam Dong, Zimbawe Dollar, are a few they are holding. Some people say they will never revalue meanwhile other people point to the country of Kuwait (their currency lost value and then regained value).

    Anybody investing in any currency?
    Any tips?
     
  2. Rabbit2047

    Rabbit2047 Mayor of Boomerville

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    I have around half a million Iraqi Dinar. Found it in my suitcase when I unpacked from my last excursion to Kurdistan.
     
    chucklenut, palmettomoon and Don231s like this.
  3. Not ATF

    Not ATF Hunter

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    Those are soft currencies....believe they are very hard to resell and are often counterfeited...
     
  4. Georgia Bystander

    Georgia Bystander ODT Junkie! Supporter

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    Maybe check out currency CDs offered by TIAA bank
     
  5. araomd

    araomd ODT Junkie!

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    You are just going to have to trust me or learn the hard way: It is nearly impossible to reliably trade currencies for profit without significant leverage. Anyone who tells your different is trying to sell you something.
     
    chucklenut, Don231s, Mk1a and 2 others like this.
  6. JDS556762

    JDS556762 The Hen that laid the Golden Legos

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    How many Vietnam Dongs you got
     
  7. Hayata

    Hayata Knock it off with them negative waves Moriarity!

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  8. Psilloh1

    Psilloh1 The Hen that laid the Golden Legos

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    That’s a personal question.. what happens in Vietnam stays in Vietnam..
     
  9. JDS556762

    JDS556762 The Hen that laid the Golden Legos

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    I got 2 or 3 Romanian Dongs lol
     
    fast306stang likes this.
  10. Psilloh1

    Psilloh1 The Hen that laid the Golden Legos

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    You sicko...
     
    JDS556762 likes this.