# Suggestions on buying gold or foreign currencies?

**URL:** <https://boards.straightdope.com/t/suggestions-on-buying-gold-or-foreign-currencies/411345>\
**Category:** In My Humble Opinion\
**Created:** [July 11, 2007, 9:13am UTC](https://boards.straightdope.com/t/suggestions-on-buying-gold-or-foreign-currencies/411345 "2007-07-11T09:13:20Z")\
**Posts on this page:** 5\
**Page:** 1

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**Author:** ![China\_Guy](https://avatars.discourse-cdn.com/v4/letter/c/779978/32.png) [@China\_Guy](https://boards.straightdope.com/u/China_Guy)\
**Post date:** [July 11, 2007, 9:13am UTC](https://boards.straightdope.com/t/suggestions-on-buying-gold-or-foreign-currencies/411345/1 "2007-07-11T09:13:20Z")

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Not asking for investment advice or even opinions.

I want to move US based assets into either gold or foreign currencies like Yen or CHF. Currency options at the retail level would maybe be interesting too. I’ve got a mix of Vanguard, SmithBarney and Fidelity accounts at the moment and would ideally like to use one of these. However, I haven’t found anything on their sites.

Citi SmithBarney has some potential I’ll look up later. Any other suggestions?

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**Author:** ![ColonelDax](https://avatars.discourse-cdn.com/v4/letter/c/71e660/32.png) [@ColonelDax](https://boards.straightdope.com/u/ColonelDax)\
**Post date:** [July 11, 2007, 9:35am UTC](https://boards.straightdope.com/t/suggestions-on-buying-gold-or-foreign-currencies/411345/2 "2007-07-11T09:35:15Z")

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[Everbank](https://www.everbank.com/) offers foreign-currency [deposit accounts and CDs](http://www.everbank.com/001WorldCurrency.aspx?LinkID=Navigation), hope that helps.

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**Author:** ![Gumboots](https://avatars.discourse-cdn.com/v4/letter/g/838e76/32.png) [@Gumboots](https://boards.straightdope.com/u/Gumboots)\
**Post date:** [July 11, 2007, 11:09am UTC](https://boards.straightdope.com/t/suggestions-on-buying-gold-or-foreign-currencies/411345/3 "2007-07-11T11:09:28Z")

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It seems the world and his brother is buying NZ currency right now (especially the Japanese). Bad for NZ exporters but fun for everyone else.

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**Author:** ![iamthewalrus\_3](https://avatars.discourse-cdn.com/v4/letter/i/258eb7/32.png) [@iamthewalrus\_3](https://boards.straightdope.com/u/iamthewalrus_3)\
**Post date:** [July 11, 2007, 5:00pm UTC](https://boards.straightdope.com/t/suggestions-on-buying-gold-or-foreign-currencies/411345/4 "2007-07-11T17:00:18Z")

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If you want to use one of your existing accounts, what about buying some precious metals mining equities? Since they produce gold (and other metals) as their product, the prices should be well insulated from the vagaries of the dollar.

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**Author:** ![Common\_Tater](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/common_tater/32/13846_2.png) [@Common\_Tater](https://boards.straightdope.com/u/Common_Tater)\
**Post date:** [July 11, 2007, 6:17pm UTC](https://boards.straightdope.com/t/suggestions-on-buying-gold-or-foreign-currencies/411345/5 "2007-07-11T18:17:25Z")

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Gold stocks and similar equities seem to have more correlation with broader market equities than in years past. And while metals prices have risen significantly - so have the costs associated with their extraction, particularly fuel.