karennma
8,057 posts
msg #108164
- Ignore karennma |
9/24/2012 6:55:57 PM
Got this in my junk mail today, but here's the paragraph that piqued my interest:
"Shorting U.S. dollars is too risky and complicated for most of my readers. But there is a simple, easier way to make money as the U.S. dollar continues to devalue. There is an ETF you can buy that goes up when the U.S. dollar declines in value.
This ETF is in the currency that I believe will rise the most against the U.S. dollar over the next two years. No, it’s not gold. It’s a fiat currency that is up 25% against the U.S. dollar over the past three years alone. It’s a currency of one of the economically strongest countries in the world."
WHAT is it?
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SAFeTRADE
644 posts
msg #108166
- Ignore SAFeTRADE |
9/24/2012 8:53:38 PM
I believe it is UDN.
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mahkoh
1,065 posts
msg #108168
- Ignore mahkoh |
9/25/2012 5:39:31 AM
CYB ?
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Kevin_in_GA
4,599 posts
msg #108170
- Ignore Kevin_in_GA
modified |
9/25/2012 8:08:59 AM
Guys, look at the charts - it would be the Japanese Yen. Up from 1.00 to 1.28 since mid 2009, always runs counter to the USD.
Note added in review - looks like the Aussie dollar has a similar performance over the same period. Could be either.
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