The Little Book of the Shrinking Dollar: What You Can Do to Protect Your Money Now

Commodity-Backed Currencies to Consider

Another petro-backed currency that’s pretty strong is the Kuwaiti dinar, but you don’t see it exchange hands much outside of the Gulf. Meanwhile, of the other commodity-backed currencies, Canada stands out.

It’s been trading stronger than on parity with the U.S. dollar on average for the first time since 1976. We’ll also mention it’s turned in its strongest performance against the euro since the euro came into existence.

Solution!

Debt-Free and Resource-Rich Currency Baskets

While you can do options on currencies and binaries and a host of other things, you might want to keep it simple.

EverBank puts together a lot of innovative products, especially in the realm of certificates of deposit (CDs) that will reward your saving, by diversifying into currencies around the globe.

Simple favorites are:

World Currency Global Power Shift Basket CD—Focuses on Currencies from Resource-Rich Countries

Australian dollar—25 percent

Brazilian real—25 percent

Canadian dollar—25 percent

Norwegian krone—25 percent

World Currency Debt-Free Basket CD—Hold Currencies from Economies with Little to No Trade Deficit

Australian dollar—20 percent

Brazilian real—20 percent

Japanese yen—20 percent

Singapore dollar—20 percent

Swiss franc—20 percent