Hi
I am looking for opinions on this…..
If Ireland leave the euro & go back to the punt we will all have to take devaluation so our savings will be worth less.
I have savings with rabo that hopefully I wont have to access for a few years & I was thinking of buying into some of their more stable investments (bonds etc) .
In the event of Ireland leaving the euro these investments would stay quoted in euro until you cashed them in.
Then some time in the future when the valve of the punt had risen (hopefully) you could cash them in . Is this a hair-brained idea?
[FONT="]Thanks[/FONT]
I am looking for opinions on this…..
If Ireland leave the euro & go back to the punt we will all have to take devaluation so our savings will be worth less.
I have savings with rabo that hopefully I wont have to access for a few years & I was thinking of buying into some of their more stable investments (bonds etc) .
In the event of Ireland leaving the euro these investments would stay quoted in euro until you cashed them in.
Then some time in the future when the valve of the punt had risen (hopefully) you could cash them in . Is this a hair-brained idea?
[FONT="]Thanks[/FONT]