Skip to main content

How to Profit from Every Major World Currency… Before Central Bankers Kill Them

By my count, there are no less than 180 currencies circulating as legal tender in the world today. There are several dozen alternative and digital currencies in play, although how useful they are remains debatable. But for the time being, just five currencies - the Big Five - fuel the global economy. They are, in order: gold (anyone who tells you gold is a commodity and not a currency is an idiot - probably a dangerous one, like Ben Bernanke); gold (anyone who tells you gold is a commodity and not a currency is an idiot - probably a dangerous one, like Ben Bernanke); the U.S. dollar; the euro; the Chinese yuan; and the Japanese yen. These are different currencies, of course, but no currency is an island unto itself; nothing operates in isolation. Each of these currencies impacts and pressures the others, along with a whole host of "minor player" currencies, like the Australian dollar or Swiss franc. I won't sugarcoat this: In the long view, central bankers run amok will eventually succeed in their collective Don Quixote-like quest of destroying the value of paper money, leaving gold as the only currency left standing - or worth owning. Until that day (which just might get here sooner than you think), these currencies will go up and down relative to one another in a kind of domino effect. And that's precisely where the most profitable trades are... Tags: Currencies To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2016 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post How to Profit from Every Major World Currency… Before Central Bankers Kill Them appeared first on Money Morning - We Make Investing Profitable .
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.