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Old 03-20-2005, 01:43 PM   #1 (permalink)
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Location: NorCal
New Zealand Dollar

I figure that the dollar is going to continue to decline in value as long as George W and friends are in power, so I was going to buy Euros. But then the NZ Dollar caught my eye.

I can buy a $10,000 CD in Euros and get .85% (plus what I make on the falling dollar) or I could do the same thing in NZ Dollars and make 5% + the dropping dollar.

Why the huge difference. Is the NZ economy unstable? Is their dollar historically volitile?

Gimme your thoughts.
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Old 03-20-2005, 05:13 PM   #2 (permalink)
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Location: upstate NY
I don't have any great insights into the NZ$, but you might want to check out Bill Fleckenstein at Fleckensteincapital.com. He does a lot of trading against the dollar.

Curious as to how you are going to make your investment. I've heard of using Everbank for foreign denominated investments. Are there others?
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Old 03-20-2005, 10:54 PM   #3 (permalink)
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Location: NorCal
Everbank is what I was going to use.
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Old 04-01-2005, 05:33 PM   #4 (permalink)
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Location: Maryland
Be careful investing in currencies now. If the Federal Reserve continues raising interest rates, the US dollar will (probably) start to climb against foreign currencies.
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