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Tuesday, October 26, 2010

The Dollar Outlook

Peter Schiff said on CNBC that the Government is trying to devalue the currency further and Americans should diversify into Gold/Silver and foreign currencies.  A question as to how the average American can diversify into foreign currencies was raised and answered through ETF's.
I looked up ETF's that trade currencies and found that Ipath sells the following:
ERO for EUR/USD
GBB for GBP/USD
JYN for USD/JPY
ICI for a basket of G20 currencies

The following link gives a longer list of currencies and ETFs that invest in currencies (click here).

This is in no way advise to invest, seek an investment advisor before making a financial decision.

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