Living in America...anyone know how to open an account to keep Euros in? I don't want my savings account in American dollars right now...

Legal issues? Places with low or no fees? What's the deal???

Thanks

 

Don't pull a whipsaw, make sure you are doing it for the right reasons.

A whipsaw is when you are long an asset and it's killing you, and just as you go short that asset starts to go back up. [that's what you are considering, except you expect the dollar to continue to decline by buying EURO's]

Surprisingly easy to do. I don't think the dollar's decline is necessarily over but it's over due for a short term correction and although I think the fed will cut, commodities are getting hammered on the possibility they won't.

The Euro isn't necessarily the currency I'd want to be long either. I'd do a mix and get the YEN in there somewhere on a pull back.

 

http://www.currencyshares.com/

 

Yeah, dollars are worthless now. I'd go Mexican pesos.

 

Go with the Amero d'uh! haha

 

The dollar will never remain where it is now. It will gain strength again. You don't need to have an offshore account to keep your money in EUROS. Call you bank, tell them to convert ALL your money into EUROS. They will do it, and take a fee from you for doing so. You will earn about 5% MAYBE in the next few months, but thats probably it. After that, you will begin to lose money AND not get interest. It is a very bad plan unless you are an expert currency trader.