- PLCParticipant@plcJoin Date: 2012Post Count: 400
Can think of plenty of ways, but the downside is they are all illegal.
One thing I thought of a few years back was to plonk excess money into an overseas poker site account which is based on US dollars, and let it sit there until the Aussie dollar dropped back to historic levels, and then pull the money out making a tidy profit. Decided against it, as I would have blown the money instead by playing with it. Plus who know how long I would have had to wait for the dollar to drop down.
TomTheFinanceShopParticipant@thefinanceshopJoin Date: 2012Post Count: 1,271
A lot investors have investments in Gold as it is going up (as they say) but the problem is that you lose a fair bit of money on the conversion and transfer to cash process. Contrary to his statement I remember Warren Buffet always saying that he would never invest in Gold. Is Switzerland an option?molothMember@molothJoin Date: 2012Post Count: 3
I remember reading some of Lance Spicers stuff and he said that collectible coins with real gold or silver or platinum content was always a good way to transfer cash while holding their value. Also Negotiable Bonds.
As for transferring currency without hitting the $10,000 reporting limit the Australian nugget available in 1kg coins only has a face value of $3000. http://en.wikipedia.org/wiki/Australian_Gold_NuggetTaylorChangParticipant@scha9799Join Date: 2009Post Count: 234Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024
For Phil's benefit the Isle of Wight is off the East coast of Lymington in Hampshire and certainly is part of the UK.
You could always look at lending the funds to a Company that specialises in secured funding or 2nd mortgages.
Currently probably earning 10% per annum.
Yours in FinanceJacob MartinMember@jacob-martinJoin Date: 2012Post Count: 13
The best place for me to invest cash would be to start my own business because I find it to be the best investment that I can have…JhaiMitchellMember@jhaimitchellJoin Date: 2012Post Count: 30
I'm originally from Perth and the gold and silver ant cheep there, its cheaper in Sydney!JothamMember@jothamJoin Date: 2012Post Count: 47
Buy stuff… Just lots of stuff.