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/biz/ - Business & Finance


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19074766 No.19074766 [Reply] [Original]

I tried asking my bank but they want me to sign up for some "Ally Invest" bullshit.

>> No.19074828
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19074828

>>19074766
>never heard of forex
>never heard of this 5 trillion dollar exchanged each day

>> No.19074844

>>19074828
so... forex.com? I know what the FUCK the forex market is, obviously, you brainlet. I want to convert my USD to a specific currency.

>> No.19074862

>>19074766
I used to swap USD to EUR and EUR to USD through paypal a few years ago, but then they changed their regulation and included a higher fee so it's not profitable anymore. Try investing in some synthetix EUR / USD

>> No.19074878

>>19074862
interesting. basically I want to convert USD to CHF as a hedge against the dollar.

>> No.19074917

>>19074878
I think you can basically do this in Synthetix by creating a synthetic asset that gives you exposure to the currency / fiat you want. I'm not 100% sure how it works though

>> No.19074943
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19074943

>>19074917
> ethereum
no thanks, anon.

>> No.19074988

>>19074943
I mean, if you don't want to comply with signing bullshit that your bank pulls up from their asses is either crypto or investing in swiss indices directly

>> No.19075020

>>19074766
Buying gold is like simultaneously buying all global currencies packaged into one standard of value.

>> No.19075385

>>19075020
I hold 1k shares of SLV and some GLD shares.

>> No.19076022

>>19075385
shares are not what they seem, shares are air

>> No.19076049

>>19075385
Get physical precious metals

>> No.19076068

Do Americans seriously not have currency exchanges?
We have them in every major shopping centre and the rates are barely above market.

>> No.19076094

>>19076068
They have them in most airports, also most Americans don't give a shit about other countries, so we don't need as many as eurocucks.

>> No.19076110

Sometimes coin stores have foreign currencies

>> No.19076544

>>19074766
I hate Euro bills, they are all different sizes and don't stack well in my wallet. USD or Canuckbucks only for this guy.

>> No.19076581
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19076581

>>19074766
find your local polish anon and trade for some wholesome zloty face to face

>> No.19077474

>>19074943
Yeah, fuck using a decentralised Defi product on the by far most dominant smart contract platform specifically designed to make all this shit far, far easier amirite

>> No.19077558

>>19076022
this is a meme, right?
>>19076049
I hold 1 ounce of gold and a gold chain. The SLV shares are in an IRA so I just let them sit.
>>19076068
usually our currency is not shitty. but I don't trust it anymore.
>>19076544
based and checked.
>>19076581
hmm no thanks, anon.
>>19077474
i don't trust any ETH defi shit after the last hacks on dForce, especially if this anon barely even knows enough about it to shill it to me.