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Reply to "Convert Savings to "Safer" Currency during government shutdown"
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[quote=Anonymous] I've read online that it would be wise or even an opportunity to take some cash savings and convert them to another currency such as the Yen or GBP. The US dollar has been losing it's value for some time as the Fed has been printing money...but if the government shutdown extends beyond the lending limit deadline the US dollar will plunge considerably (supposedly). Personally I have quite a bit of savings that I wanted to use to pay off debt...I figured I could convert the savings to another currency hoping it would rise than convert back to USD and pay off more debt. I'm not an economist or very savvy financially so I don't know what to believe in the currency game. If anyone has any thoughts or suggestions please share. Thanks! [/quote]
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