General Finance


World currencies from all over the world had taken a banging with the economic crisis and the EURO is facing a dire string of challenges. Many powerhouses in Europe and tired of carrying the weakened currencies of other countries and the collapse of the EURO may see an entire new economic crises of Europe. The strongest world currency is always a question being discussed and argued at many a dinner party and in this informative article we look at the most prominent list of world currencies and give a short evaluation of them and in turn discover what are the strongest world currencies. Five Major Currencies of the world The dollar For many previous years the dollar was the top currency in the world, it’s the world’s reserve bank of currency. Of recent the dollar has seen its fair share of problems as its value has lowered over the years. The dollar is ruled out as the top currency in the world due to the economic crisis and large government spending. The Swiss Franc Switzerland is known for its tax havens and the Swiss franc reflects this in its strength and economic growth. The Swiss Franc is definitely one of the major world currencies and is a contender for the top currency of the world because of its low inflation rate. The EURO As previously mentioned the EURO has seen some incredibly unstable situations of late but it is still one of the major and prominent currencies on this list of world currencies. It was the main contender against the dollar in terms of currency status but the crisis has shifted economic and financial stability. The British Pound At one stage in history, the British pound was one of the most successful of world currencies. This past decade the British pound has been incredibly strong but due to many contributing factors the value may drop or fluctuate somewhat. Interest rate cuts and other factors will be determining the strength of this currency which is among the top currencies in the world. The Yen The Yen is among the top world currencies and although the Yen poses much strength, there are many downfalls. Their economic growth is low and real estate largely overpriced. The interest rate in Japan are incredibly low and the country’s main banks are able to further lower it to ensure exports do not cost too much overseas. Although these may be the strongest or more prominent world currencies, there are many factors making one particular currency the most valued. It is definite to see that arguably the two main contenders are the Yen and the British pound. Jemma Scott has an avid interest in currencies from around the world. Her interest stems for her discussions with foreign exchange brokers which have valuable information on the currency markets through the use of informational means like their forex account.

Five Major World Currencies


The Benefits of Investing in Gold
Since the economy took a nosedive in 2008, financial pundits routinely speak about the benefits of investing in gold. Are these financial advisers merely attempting to sell their gold products or are they making a salient point about an investment that all individuals should consider? Each investor should decide what investment vehicle is the right choice. All investors should carefully weight the risks and the rewards while keeping their financial objectives in mind. To help investors decide if gold is the right investment choice, there are several possible benefits to consider. Diversity Buying gold bullion, coins and bars is a great way to diversify a portfolio. Diversification can help improve the overall performance of an investment account and provides some stability during wild times in the stock market. Gold stocks or mutual funds can also be purchased as part of a diversified investment portfolio. The Poor Economy Investors look to gold when the economy is weak. A weak or declining U.S. dollar, low interest rates and mistrust in the banking and financial sectors of the economy often push people towards gold and other commodities. Fear forces investors out of the stock market and in to other investments. Gold provides protection against a weak economy as its price is not dependent on any type of currency, including the dollar. Inflation Gold prices tend to rise during times of inflation. Though inflation has been minimal in recent years, many experts predict that it will become a factor in the future. An investment in gold will be a hedge against future inflation because it retains its value and appreciates over time. Gold is Tangible Unlike investments in the stock market, which are recorded on electronic statements, gold is tangible. It is something you can hold and is virtually indestructible. Gold is not only an investment, it is a possession. Gold also serves as a valuable metal in various industries. It does not corrode, is an efficient conductor of electricity, can be rolled into thin sheets, can be made into wire, and can be alloyed with other metals. As a result, it is used in many types of electronic devices and is in demand around the world. Gold has always been a symbol of status because of its unique blend of beauty, indestructibility, and rarity. It will remain in demand because of its lofty place in the investment world during times of economic uncertainty. No matter how much money you have for investment purposes, gold should comprise a portion of your investment portfolio. Larry Goldberg is a blogger that is passionate about investing and finance. He currently blogs for Invest in Gold, a blog that helps new investors get in the Gold bandwagon to diversify their asset portfolio.

The Benefits of Investing in Gold