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Protecting deposits from euro crash

trackerman · 2011-06-23 16:26:21

If one wanted to avoid the risk of a euro crash or devaluation, would it be a good idea to transfer some funds into Sterling or US Dollar? I just have a fear that the euro could devalue ~ 20% overnight if bondholder burning were to start in Greece. What are peoples thoughts on this idea, is there any safe haven?

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23-06-2011 5:26pm

#1

trackerman

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Posts: 388

If one wanted to avoid the risk of a euro crash or devaluation, would it be a good idea to transfer some funds into Sterling or US Dollar?

I just have a fear that the euro could devalue ~ 20% overnight if bondholder burning were to start in Greece.

What are peoples thoughts on this idea, is there any safe haven?

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#2 23-06-2011 5:32pm
later12

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Posts: 10803

Thread moved to Banking & Insurance & Pensions

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