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To: JRNyquist

So what currency have you changed your U.S. currency to? All of it ?


6 posted on 04/15/2011 5:55:31 AM PDT by reefdiver ("Let His day's be few And another takes His office")
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To: reefdiver
I wouldn't buy any currency. Buy money instead. Buy physical silver. At 42+ dollars an ounce it's on sale.
11 posted on 04/15/2011 6:04:21 AM PDT by agere_contra (As often as I look upon the cross, so often will I forgive with all my heart.)
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To: reefdiver
reefdiver wrote:
So what currency have you changed your U.S. currency to? All of it ?

Funny you should ask that.

I've been doing some Internet marketing services in the past few years. Small jobs, nothing major. However, I've had customers from all over the world (wherever English is the main language). I take payments by PayPal.

Up through last year, I had my PayPal account set up for "Convert other currencies to my Primary Currency (US Dollar) immediately when payment is received." About this time last year, I switched that, and I now hold payments in whatever currency the customer pays me in. I have Pounds, Australian Dollars, Canadian Dollars, Euros and some other currencies in my PayPal account right now. And I haven't been losing so much money as the dollar falls against other currencies.

I convert to dollars when I need to withdraw to pay bills. For longer term savings, I've been buying silver (90% silver US coins and 1 ounce Bullion pieces), as well as smaller gold coins and "junk gold" jewelry. Some of the coins and bullion I am getting online. The junk gold, I tend to pick up locally (a bit risky buying that online, you don't know what might come in the mail).

I already have some $100 Trillion notes (from Zimbabwe) which are completely worthless (bought a set of $10 trillion, $20 trillion, $50 trillion and $100 trillion uncirculated bills on eBay for $4.99 shipping included). I fully expect within my lifetime, I'll hold a $1 million or larger Federal Reserve Note.

26 posted on 04/15/2011 6:44:07 AM PDT by cc2k ( If having an "R" makes you conservative, does walking into a barn make you a horse's (_*_)?)
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