Realcent.org

Obviously unbacked paper always has inflation risk, so this is a relative question:

I would say its clearly not USD or Sterling, but they are in the Big Five, so I included them. A deflationist would say USD is just fine, so its open to debate!

Personally, I'd say its a contest between Norway and Switzerland.

"Swiss franc" or "French franc"? Swiss might be the least unsafe of the whole lot, considering how much illegal money they take in and their hard headed bankers, but I "put not my faith in faith money".

French Franc no longer exists

Swiss Central bank is probably the most conservative and responsible in the world in their holdings. They are also have 36 million ounces of gold.

Swiss it is, then. I thought you meant the French franc and snickered at it.

the aussie dollar gets my vote

good economy and not much government meddling

Where's the yuan?

TXTim wrote:Where's the yuan?

Its pegged to the US dollar so I left it out, but that is what the "other" is for!

This is a good survey so far - lots of opinions. It looks like Canadian Dollar and Swiss Franc are tied at 3 votes each currently.

aloneibreak wrote:the aussie dollar gets my vote

good economy and not much government meddling

I think the best part about the aussie dollar is that it offers very high interest rates compared to other first world countries. But its still nothing next to the gains in gold and silver.

My vote was for the $ of our friendly neighbor to the North. I've been watching the rise this week of the Singapore dollar. It's at an all-time high against the US buck. This seems to be a big deal in the international markets, but I haven't been able to find out the reason why this is happening.

Singapore is basically a capitalist paradise, other than gun laws. Along with Hong Kong its one of the last bastions of serious economic freedom. My guess is that they don't feel the need to print a lot of money since they have a dependable tax base and small government.

The yuan was unpegged from the USD last June. It gets my vote.

Oz Dollar for me... huge (and I mean VAST) resource reserves in the ground. Divide that wealth by the number of Australians, and that's why I like the AUD over the others.

odd fact: During the Thanksgiving holiday travel season, the United States has more people in airplanes than the Australians have on the ground

norway or switzerland have significantly fewer problems than the others. don't know much about Sweden.

however, the CHF has appreciated substantially and is hurting exports and thus tax revenues.

Norway is tied to oil and has a small population, so small changes can have a big effect.

trying to pick the best currency is like being the tallest midget. its a fools' errand

I voted Swiss Franc, based on the literal survey wording. If it had been worded differently - most practical relatively-safe currency for North Americans - I might have voted for the CDN-$. I don't view the Chinese Yuan as terribly safe at this point for several reasons, the most compelling is that while the Chinese may be making efforts to move to a non-fiat currency, until they complete that (if they do), they are at risk for a horrible crash themselves.

Disagree that it's a "fools errand" - but it is a mostly academic exercise.

CDN's main customer is the U.S. Thats a big risk.

similar for Australia - main customer is china.

Swiss franc is leaving all others in its wake. Really strong showing today against the US $ and the Euro. Makes me wonder if this and a new all-time high for gold is more than a coincidence.

Soon to be released...global currency looking on graph on page 4...backed by the IMF

A paper entitled "Reserve Accumulation and International Monetary Stability" by the Strategy, Policy and Review Department of the IMF recommends that the world adopt a global currency The report is dated April 13, 2010 and a full copy can be read here:
http://www.imf.org/external/np/pp/eng/2010/041310.pdf

This is the coin Putin showed off back in 2009:




P.S. It will be the safest fiat currency because it will be the only accepted currency in the future.

I am surprised Canada is winning. They won't let the Loonie rise too much above the US Dollar because we are their main trading partner. Even if it has good fundamentals, their Central Bank won't allow it to appreciate much.

AGgressive Metal wrote:I am surprised Canada is winning. They won't let the Loonie rise too much above the US Dollar because we are their main trading partner. Even if it has good fundamentals, their Central Bank won't allow it to appreciate much.

I believe this is exactly why Canada is winning this poll as a reserve currency. Considering land mass and the accompanying natural resources, they have the option to allow the Loonie hover near the Dollar. How long will the Canadian Central Bank allow forced depreciation against the Dollar if Obammy can't learn how to wear big boy pants? There has to be a breaking point.

Yep... Yuan is looking like I might need to get some. There is a bank in NY now..

im gonna say vietnam dong or iraqi dinar...lol...just kidding. i like the swiss franc although they are actuallytrying to devalue their currency right now as its bad for trade and tourism. a cup of coffee costs something like $8 or $9 right now

This was a good thread, thought I would revive it.

What? I did not see the: ADAM Youngs Currency listed?