If the “Ultimate investment: clothes or bank?” did not respond to your questions, find more ideas below.
A long term investment solution is the world’s most stable currencies. The experts tend to agree that the most “reliable” are Norwegian Crones, or Swedish ones. The Norwegian Crone is on the top of it’s popularity because the country’s 350 milliard dollars reserve is very much beyond the country’s needs and expenses. Moreover, some of the analysts claim that the Crone is very much underestimated (minimum the quarter of it’s cost). Therefore it has great chance to raise over some other world currencies. The Swedish Crone is as well showing positive dynamics. Recently the country received the European “special fund” support. What is bad about this currency is that it’s hard to find in many banks of the world.
One more good investment is the British pound. It’s available almost in all of the world’s banks. And it has shown positive dynamics and demonstrated stability over the most popular currency – USD. The experds tend to forecast 15% plus for the British pound by the end of the year.
The worst about the rare currencies is enormous difference of buying and selling rates (up to 30%). Therefore, in a changing economy it may happen that such purchase will mean losses for you. Investing in Crones is good for long time investments, not less than 3 years. Otherwise the currency rate purchase/sell rate profit may be lost.
Gold
Gold has always been a strong hedge against difficult economic times. It may not only save you from loosing your investments, but help you earn more at the same time. Yet, you multiply your riches only if you choose long-term investment. The precious metals’ price may vary greatly in short period terms. So if you buy gold and decide to sell it three months after the purchase, you may find yourself in a position of selling it somewhat cheaper than you had bought. While the average yearly income was increasing by ca 20% on the global market during the previous three years. As the analysts forecast, the gold cost may rise by 1300 – 1500 per oz with the current price of 930$ per oz.
One more point for the gold is that it’s easy to take with you abroad.
