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Safe Banks and Currencies

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So the spouse doesn't feel comfortable putting any more into gold and silver. And we are way over invested in USD at the moment. So I'm looking for alternative currencies and also "safe" banks in those currencies.

 

By safe, I mean smaller, no attached investment units, little exposure to high risk mortgages, no CDS. A bank that is insured obviously, but flies a little under the government radar. Any specific bank recommendations are most welcome. I will do my own research, but a starting point would be very helpful. Or tips on how to go about finding such a bank?

 

Also, does anyone have any thoughts on which currencies are safe? Or should I say safe-er than EUR, GBP and USD? I'm thinking Australia might be a good choice. Does anyone know if it too will be prime for the never-ending printing press?

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So the spouse doesn't feel comfortable putting any more into gold and silver. And we are way over invested in USD at the moment. So I'm looking for alternative currencies and also "safe" banks in those currencies.

 

By safe, I mean smaller, no attached investment units, little exposure to high risk mortgages, no CDS. A bank that is insured obviously, but flies a little under the government radar. Any specific bank recommendations are most welcome. I will do my own research, but a starting point would be very helpful. Or tips on how to go about finding such a bank?

 

Also, does anyone have any thoughts on which currencies are safe? Or should I say safe-er than EUR, GBP and USD? I'm thinking Australia might be a good choice. Does anyone know if it too will be prime for the never-ending printing press?

 

What about the Chinese Yuan? Wisdomtree do an ETF - CYB. From their website -

 

http://www.wisdomtree.com/etfs/fund-details-currency.aspx?etfid=64

 

Here is their outline case for the Chinese Yuan;

 

http://www.wisdomtree.com/resource-library/pdf/materials/WisdomTree-Case-for-the-Chinese-Yuan-ETF-CYB.pdf

 

 

CYB.png

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Thank you PD. I will read about the Yuan. Makes me a tad nervous, as I see China as a sort of wild child. Maybe I just need to understand it better.

 

What about the Chinese Yuan? Wisdomtree do an ETF - CYB. From their website -

 

http://www.wisdomtree.com/etfs/fund-details-currency.aspx?etfid=64

 

Here is their outline case for the Chinese Yuan;

 

http://www.wisdomtree.com/resource-library/pdf/materials/WisdomTree-Case-for-the-Chinese-Yuan-ETF-CYB.pdf

 

 

CYB.png

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My favorites: HKD, NOK, MYR (RMY?) ... maybe SGD

 

Silver looks better than gold, and AGQ calls may be a good way to play precious now

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My favorites: HKD, NOK, MYR (RMY?) ... maybe SGD

 

Silver looks better than gold, and AGQ calls may be a good way to play precious now

 

I've been looking at the NOK. I wonder how much of an export business the economy relies on. I mean if S really HTF. What are your thoughts on AUD Dr. B?

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How about Armenian banks?

 

According to Simon Black

And just like neighboring Georgia, liquidity and capitalization ratios in Armenia are substantial. It's not uncommon for Armenian banks to hold 35%+ of their deposits in cash or equivalents, compared to 5% or less in the developed West.

 

http://www.sovereignman.com/expat/and-you-thought-your-government-told-big-lies/

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Maybe, just maybe, those Mainland Chinese banks are NOT as Safe as many think they are...

 

Mr Li is SELLING his assets in China.

Worth considering this rationale - could be behind some stock movements...

 

 


 

http://www.zerohedge.com/news/2015-08-02/china-admits-it-lied-about-its-local-debt-levels-local-billionaires-are-quietly-liqu

 

As China Admits It Lied About Its Local Debt Levels, Local Billionaires Are Quietly Liquidating Their Assets

 

WSJ reports that having glimpsed what is coming over the horizon, China's wealthiest are quietly starting to dumb their holdings to the greatest fools: "A property developer backed by Hong Kong billionaire Li Ka-shing has put an office and retail property project in Shanghai up for sale, according to two people familiar with the matter. A sale would mark the latest China property divestment by the investor, one of Asia’s richest, who is closely watched for signs of how he sees markets shifting."

This is not the first time Ka-Shing has cashed out in recent months:

Or just before the market crashed. And then more previously:

In June, Mr. Li’s Cheung Kong Property Holdings Ltd. put up for sale Century Link and Century Link Tower, a shopping mall and twin office towers currently under construction in the Pudong Lujiazui area, said people briefed on details of the offer. A Cheung Kong spokeswoman didn’t respond to requests on Sunday for comment.

Over the past two years, companies backed by Mr. Li and his family have sold five office and shopping mall projects in Shanghai, Beijing, Nanjing and Guangzhou. Many investors eye moves by his companies for hints on the tycoon’s view of the property market.

 

His companies, including Hutchison Whampoa and ARA Asset Management Ltd., have been offloading their real-estate assets as China’s economy decelerates to its slowest growth in more than two decades.

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