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Reply to "Convert Savings to "Safer" Currency during government shutdown"
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[quote=Anonymous]you "have read online"...you have significant savings that you were planning to use to pay off debts but instead of doing it you are thinking about converting them in a foreign currency hoping (or based on your online advice) that the dollar is going to drop and with the gains you can pay off the debt? frankly what you are saying does not make any sense. why don't you just pay off the debt with the money you have, as you were planning? you are not a savvy investor (and it is not that easy to make money by speculating on foreign currencies), so it is unlikely that you are going to gain[/quote]
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