I was thinking of collecting currency.?

Question

Can anyone with experience give me some help with it, and make sure that everything is in order. Thanks.

Answer 1

You mean like $100 bills? Or do you mean like 1896 silver certificates? I would recommend the latter rather than the former.  The U S government prints $100 bills by the billions and in a few years they will be worth about 50% of what they are worth today.  And today they are worth about 20% of what they were worth in 1970.  The U S government is not the only government that is in the business of devaluing their currency.  They all just love to do so.  It is a national pass time with governments.

Answer 2

If you are looking to diversify yourself by having other currencies, I would look into an ETF that holds currencies (for example UUP).  I'm sure you kind find one that is trading the currencies you think are going up.  If you do actually want to hold currency 'muncie birder' has it right.

Answer 3

You can join an on line Forex broker and download their demo program and see their different currencies moving. Also, you can use my free signals to trade on the demo. It's fun.

http://finance.groups.yahoo.com/group/fr...

Answer 4

Gold and silver are the best currency's to get into but if you want paper or fiat currency's Asian currency's are probably the best ones. The larger asian economy's are creditor nations. These are the nations who are keeping the USA afloat. When they stop lending money to the US every day the US dollar will collapse and this currency's will rise greatly.