Converting all my money to CHF

[bringiton]

At this this time when inflation already going wild, and there's a feeling in the air There's a lot more where that came from more, after all , 40-50% of all circulating u.s dollars been printed in past 2 years or so.

Does it make sense to convert unused funds to a more stable currency like CHF to decrease the additional pain that may come!

 

[JohnnyDoe]

bringiton said:
At this this time when inflation already going wild, and there's a feeling in the air There's a lot more where that came from more, after all , 40-50% of all circulating u.s dollars been printed in past 2 years or so.

Does it make sense to convert unused funds to a more stable currency like CHF to decrease the additional pain that may come!
Click to expand...

It's always a good idea not to put all the eggs in the same basket.
It's also advisable not to have too much cash. Better to have some other types of liquid assets and assets that can be used as collateral for cash when needed.
If you keep cash as an investment, you are just speculating. The Fx market is tough.

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[JackAlabama]

No, unlike you live in⁤ Switzerland and need to use Chf.
Otherwise have a look at the balance sheet and⁣ the profits of the SNB in H1/22 which is as red as a communist parade.⁢
Better keep fiat in usd as they are still the strongest power and will for︀ sure "convince" friendly european nations in case of unexpected usd weakness to step in.
If you have all in euro, the time to get rid of it has been a︁ year ago.

 

[JohnnyDoe]

Remember that all what China has to do to destroy the USA is a click on the sell button of US bonds.

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[JackAlabama]

They can't as‍ there would be a Russian-style ban of this.

You are best off converting your unused funds to Bitcoin and pursue︁ a good self custody strategy with multi-sig / shamirs secret.

 

[369]

AUD/CAD

 

[Ridden3328]

Isn't gold safer asset in this case?

 

[JohnnyDoe]

Ridden3328 said:
Isn't gold safer asset in this case?
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If you sell some tungsten filled bars, for sure! smi(&%

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[backpacker]

Do not convert in CHF.⁤ The perceived stability of CHF lives from a myth and is about to die. Switzerland⁣ and SNB are moving closer to the bankrupt EU every day. By exchanging into CHF⁢ you will just get a slightly "enhanced" EUR.

Keep your money in USD, cash in︀ on the higher interest rates.
For a smaller part of your wealth (perhaps 25%) look︁ out for some investments in the real economy (stable dividend paying globally operating companies who︂ produce goods everyone needs), cash in the dividends and you are fine. Do not listen︃ to short term recession talk.

 

[JohnnyDoe]

Buy cocoa and make your own chocolate, it's safer than playing with Chf. You could also wash it down with good white gold from your own cow to pasture in your own green field. That's a good investment.

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[RealDude]

But only cocoa from child labor is worthwhile in terms of returns‍

 

[JohnnyDoe]

RealDude said:
But only cocoa from child labor is worthwhile in terms of returns
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You probably are thinking of some parts of Africa, but there is very good cocoa ethically grown and harvested in other parts of the world, especially in the Caribbean. Margins are good enough not to require child labor.

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[369]

wasn't the question about converting to fiat currency ?

CHF /EUR / USD are doomed.Losing‌ lot of value

AUD/CAD will raise massivly against CHF/EUR/USD

However this doesn't mean that 1‍ AUD today will have the same value in GOODS when i raises massivly against other⁠ currencies

 

[JohnnyDoe]

369 said:
wasn't the question about converting to fiat currency ?

CHF /EUR / USD are doomed.Losing lot of value

AUD/CAD will raise massivly against CHF/EUR/USD

However this doesn't mean that 1 AUD today will have the same value in GOODS when i raises massivly against other currencies
Click to expand...

There is no absolute value in Fx, you always think in pairs terms.
Let's see what will happen with the return of carry trading”¦

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[void]

why ?

 

[TheCryptoAnt]

kids need⁠ something to do in summer tho or they get annoying

 

[JackAlabama]

That is an interesting prediction. How do you come⁤ to this conclusion?

 

[369]

Its not a free market and there are some technical conditions to be met for‌ the transformation so they can implement their final digital money which will be linked to‍ an asset.
They are preparing it already since 2006.

It has something to do with⁠ the transformation from fiat to SDR's

 

[Cocopops]

USD/CAD is ranging since a long time, also we⁤ can say that USA and canada are playing together for import export so I would⁣ more say this two currencies are bounded and will up and down together.

 

[369]

nonsense