Need some serious currency advice.

Please help! I don't understand all the ins and outs of the stock market stuff.

I would buy ammo. It'll be the new currency shortly.

Top 12 types of ammo:

7.62 NATO (or .308)
5.56 NATO (or .223)
.30-30
.30-06
.22 (rimfire)
.270
.300 Magnum
12 gauge shotgun shells (from bird to slug)
9 mm luger (parabellum)
.45 ACP
.40 S&W
.38 (or .357 magnum)

With those 12 types of ammo, you'll be able to trade for just about anything when the SHTF.

Without guns and ammo, whatever you have will be taken from you by those unscrupulous people that have guns and ammo.

Or, looking at the 10 year trend for gold...I'd say buy some (I did, but at $670 about 3 years ago)...or silver (I did @ $9 about 3 years ago)

Last place I'd put my money is in fake fiat currencies of the world...think long term and think worst case scenario.

Thanks, fortunately I already have my stockpile of food, seeds, and ammo. I need to know what to do with this cash. I was waiting for the USD and CAD to even out so I could convert. It got up to .99USD = 1CAD at one point today. I just don't want to lose a lot on the conversion but I am nervous to wait any longer.

Plus whatever the bank charges to convert it, which varies greatly. Better ask the rate charge for a wire transfer/conversion compared to a check/convert or such.
10+- years ago that would have been a sweet conversion at 1.60cdn for 1usd.

Last Edited by SPUD on 08/08/2011 01:20 PM

Yeah, the bank charge is ridiculous. I know I am going to lose money...I was just trying not to lose a great deal on conversion. But now I am nervous with the markets being all crazy.

Take half and buy hard metals - gold and silver - look in your area for a numismatics shop or look online and go to California numismatics.
Then save the rest in a safe in your house - NOT in the bank.

Thank you. But save it as what? USD or CAD?

Okay, no real opinions on the whole USD to CAD idea, huh? Guess I am going to go ahead and convert it into loonies and take a slight loss.