What is the best way to buy and hold foreign currency in US?
August 4th, 2008
shysteepinoy01 asked:
I am trying to buy and hold some foreign currency. I currently only have a checking account and an online savings account, both in US and for US dollar only.
I am trying to buy and hold some foreign currency. I currently only have a checking account and an online savings account, both in US and for US dollar only.
What is the best way (i.e., safe, inexpensive and easy) for me to buy and hold a particular foreign currency (e.g., Japanese Yen)?
I am not looking to trade foreign currency very often. Just buy and hold. Any expert or experienced folk out there?
Is the internet the only way to invest in foreign currencies?
OHANLON