December 2021
Beginner
416 pages
11h 4m
English
Content preview from Currency Trading For Dummies, 4th Edition
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Chapter 21
Ten Alternatives to Currencies
IN THIS CHAPTER
Considering precious metals and cryptocurrencies
Looking at stocks, bonds, commodities, and funds
Checking out collectibles and real estate
This entire book has focused on understanding and hopefully profiting from currency trading (and related currency vehicles and strategies), but it’s equally important to understand opposing vehicles (or “anti-currencies,” so to speak) to be diversified in your total investing and speculative wealth-building pursuits. As I (coauthor Paul) emphasize in earlier chapters, currency speculating and trading should occupy only a small portion of your total investable portfolio. Be mindful of other vehicles that can be great accompaniments to currency strategies and vehicles.
In that spirit, I present the top ten alternatives to currencies here. Check out Part 4 for more on forex alternatives.
Gold
“And in this corner, the reigning champion since the days of Noah — gold!” Yes, gold has outlasted every currency since the dawn of civilization. I would even be comfortable making the forecast that gold will still be standing as the top store of value long after today’s currencies hit history’s ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.