posted on Sep, 12 2007 @ 06:34 AM
It simply doesn't make sense to me that 3 countries would want to create a single currency. In Europe it makes a little more sense where there are
20+ countries all within a very small geographic region, but I can't see it being of any use in North America except to remove the transaction fees
on changing money into a different currency. And that's coming from someone who lives in a border city, 15 minutes from the US. If it does happen, I
wouldn't consider it a real "survival" situation that would need any preparation. Things seem to have flowed fairly seamlessly in Europe. All of
your digital money and stocks would be automatically converted, and you would take in the remainder of money left in your wallet into the bank to
If for some reason you want to change all of your money into another currency to somehow avoid something, I would say Brazil/Latin America but I
believe they all use USD... and China would seem risky for most people. I think it would make more sense to just buy an index fund in USD or CAD that
relates to your country of choice. Examples include EAFE (Europe, Australia, Far East), Emerging Markets, Japan, Germany, Taiwan, Malaysia, Brazil,
Latin America 40, etc. Pretty much every country has one. If you go that route you are owning some of the largest companies in those countries,
without as much of the currency risk... plus they are likely to grow considerably faster than just foreign money on it's own. Most that I mentioned
have grown by around 30% so far in the past year, with the exception of Japan.
You could also buy precious metals like gold to play off of people's fear/anxiety and are always a hedge against anything currency-related (again, I
would go the gold index route to minimize risk rather than physically owning gold, or a single gold company. I would guess that there would likely be
a spike in these prices if the Amero were first announced, and then again soon before they impliment it.
[edit on 9/12/2007 by Yarcofin]