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Buying Foreign Currency

  • Thread starter Thread starter BeepTest
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BeepTest

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After going to Japan in early 09 and being shafted by the diving Aussie dollar from the year before I told myself that I was going to buy a couple of grand worth of Yen when it hit the ~AUS$1 mark.

Now - is buying cold hard cash and stashing it securely for X amount of years the best option? Does anyone do this for investment purposes assuming that it will have big troughs like it did last year (Has the Aussie dollar been much higher then Y100?)

Would I be better off looking into forex trading even tho I am an absolute novice?
 

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