i need to change about 40k GBP into other currencies (cash) before sterling becomes worthless
going to be doing this over the next month or two...
NOK will definitely be in the mix. i'm going to be doing a load more research, but out of curiosity, what do you guys think would be good holds for currency medium-long term. i'm also thinking about aussie, loonie, singapore and perhaps hk, rmb, maybe even real. worried about potential housing bubbles in australia, canada, so these may not be the optimal currencies to hold in 2010, considering they have performed so well so far. new zealand have their own $ too, anyone know anything about that?
i'm not going down the US $ and Euro route at all cause i think they are more speculation and tradable plays. the goal here is just to sit and hold some stable currencies, preserve purchasing power, be liquid and come out on top when the pound next gets pounded. the thing about the pound is it is a matter of when and not if the next leg down begins, so holding other currencies is about as risk-free as it gets imo.