05-19-2021, 11:32 AM
What currency or investment would you make to combat the threat of hyperinflation?
<!-- SC_OFF --><div class="md"><p>As the title suggest I am worried about hyperinflation and it seems like a good time to diversify the way I hold liquid cash.</p> <p>Some of my ideas for converting my liquid cash have been investing in different cryptocurrencies (open to suggestions here) I have bitcoin, lite coin, and some doge. I was also thinking about investing in just foreign currencies; my fear of investing is some of these foreign currencies is how closely other currencies are tied to the United States like the Euro, or even the Yen. The last idea I had was investing in foreign index funds or bonds but I don’t have a lot of knowledge into any good ones. </p> <p>While the dollar is still competitive it seems like a good time to diversify currency. What are you suggestions and opinions?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/standardhuman01"> /u/standardhuman01 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/nfy23l/what_currency_or_investment_would_you_make_to/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/nfy23l/what_currency_or_investment_would_you_make_to/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>As the title suggest I am worried about hyperinflation and it seems like a good time to diversify the way I hold liquid cash.</p> <p>Some of my ideas for converting my liquid cash have been investing in different cryptocurrencies (open to suggestions here) I have bitcoin, lite coin, and some doge. I was also thinking about investing in just foreign currencies; my fear of investing is some of these foreign currencies is how closely other currencies are tied to the United States like the Euro, or even the Yen. The last idea I had was investing in foreign index funds or bonds but I don’t have a lot of knowledge into any good ones. </p> <p>While the dollar is still competitive it seems like a good time to diversify currency. What are you suggestions and opinions?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/standardhuman01"> /u/standardhuman01 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/nfy23l/what_currency_or_investment_would_you_make_to/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/nfy23l/what_currency_or_investment_would_you_make_to/">[comments]</a></span>Kind Regards R