Singapore $ - Where to invest?

[eamo27]

G'day - Heard on the radio this week that Singapore dollars are safer than € or US$. I'm a newbie and I want to invest in these (10k)- where/how can I buy?

 

[Happy Girl]

Would it be worth considering purchasing Singapore Dollars (or indeed some of the stronger currencies e.g. Canadian Dollars, etc) & holding by way of protection of deposits in the event of Ireland leaving the euro? Any views or opinions? How would one go about purchasing them.

 

[Happy Girl]

G'day - Heard on the radio this week that Singapore dollars are safer than € or US$. I'm a newbie and I want to invest in these (10k)- where/how can I buy?

Where would be the best place to purchase foreign currency.

 

[bullworth]

G'day - Heard on the radio this week that Singapore dollars are safer than € or US$. I'm a newbie and I want to invest in these (10k)- where/how can I buy?

I would hope you have done more research before your decision than simply running off like a lemming just because you heard something from someone who's background you haven't checked on the radio. David Icke could well be on the next show.

 

[Happy Girl]

What would general opinion be on holding a certain percentage of savings in stronger currencies (singapore$, Canadian$, Danish Krone etc.) and hold in case of Irish return to Punt Nua. Aside from the risk of holding cash at home what am I missing. I understand the currency fx risk but if I strongly believer that Ireland will leave the Euro in the future am I really taking much of a risk by holding maybe 25% of my savings in a strong hard currency.