StockFetcher Forums · General Discussion · What is this? Do you know?<< >>Post Follow-up
6,396 posts
msg #108164
Ignore karennma
9/24/2012 6:55:57 PM

Got this in my junk mail today, but here's the paragraph that piqued my interest:

"Shorting U.S. dollars is too risky and complicated for most of my readers. But there is a simple, easier way to make money as the U.S. dollar continues to devalue. There is an ETF you can buy that goes up when the U.S. dollar declines in value.
This ETF is in the currency that I believe will rise the most against the U.S. dollar over the next two years. No, itís not gold. Itís a fiat currency that is up 25% against the U.S. dollar over the past three years alone. Itís a currency of one of the economically strongest countries in the world."

WHAT is it?

313 posts
msg #108166
9/24/2012 8:53:38 PM

I believe it is UDN.

637 posts
msg #108168
Ignore mahkoh
9/25/2012 5:39:31 AM


3,829 posts
msg #108170
Ignore Kevin_in_GA
9/25/2012 8:08:59 AM

Guys, look at the charts - it would be the Japanese Yen. Up from 1.00 to 1.28 since mid 2009, always runs counter to the USD.

Note added in review - looks like the Aussie dollar has a similar performance over the same period. Could be either.

StockFetcher Forums · General Discussion · What is this? Do you know?<< >>Post Follow-up

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