Topic: How To Invest

Hi Pat: I am one of your more recent subscribers and I like what I see so far. I have one question at this time. How does one invest in currencies if you think the U.S. dollar will collapse? Thanks.

Article Excerpt

If you want to invest in foreign currency movements in relation to the U.S. dollar, here are some exchange traded funds (ETFs) that let you do that. CurrencyShares Euro Trust, $140.60, symbol FXE on New York (Shares outstanding: 2.7 million; Market cap: $372.6 million), is one of a number of CurrencyShares ETFs offered by Maryland-based Rydex. These ETFs rise in value when the U.S. dollar falls, and drop when the U.S. dollar rises. CurrencyShares Euro Trust is designed to track the price of the euro, net of the trust’s expenses, which are paid from interest earned on the deposited euros. After these costs, the shares yield 0.4%. The fund’s MER is 0.40%. Buying one share of this fund is equal to owning 100 euros. Here’s a list of the other eight CurrencyShares ETFs: CurrencyShares Canadian Dollar Trust, $101.74, symbol FXC on New York (Shares outstanding: 8.3 million; Market cap: $839.4 million), is designed to track the price of the Canadian dollar…