Currency Revaluations: Truth of Fiction? Anybody stashing?

[Don231s]

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?

Buy Yuan. They're going to own everything in 20 years.

 

[mriton]

I have around half a million Iraqi Dinar. Found it in my suitcase when I unpacked from my last excursion to Kurdistan.

Cooollllll

 

[mriton]

How many Vietnam Dongs you got

No Dongs yet, but I plan on grabbing a few....

 

[mriton]

Welcome to ODT!

Thank you!

 

[DirtySouth]

No Dongs yet, but I plan on grabbing a few....

Ouch...

 

[moosensquirrel]

Currency controls are just one of the actions failing governments take just before the avalanche stage of a monetary collapse. It is nearly always preceded by subtle warnings, then a massive media barrage as to why it is in your best interest...and oh by the way....turn in your gold and silver, which needs to be in gubmint custody for your own good.

 

[mtnsmith]

Best way to play currencies are probably ETF's as you can get in and out quickly and without fees or minimum fees, don't remember.