None of the currencies you mention, except for the Swiss Franc, are backed by anything of value. Most currencies are backed primarily by reserves of foreign currencies and government bonds, both of which are utterly worthless.

All are equally open to fraud and manipulation. Even the Swiss Franc no longer has a full gold-convertible backing, but at least it is still backed by considerable gold reserves when compared with other central banks.

I don't know how much you are talking about converting here, but it would want to be a considerable amount to make a blind bit of difference.

For what it is worth, my own (extremely modest) wealth is invested in land - not property (housing), but land.

Sullivan,

Thanks for the advice. The amount I'm talking about is my savings of the last few years, most of it given to me by my grandfather in Armenia during my freshman-junior years of university. I have $35,000 in savings so far, and as a student in my mid 20s, I'd hate to loose all that money when the dollar collapses because I have some goals which involve the money given to me by my grandfather. I really want to get out of the dollar.

BTW...is the Russian ruble backed by gold/silver? You mentioned about the CHF partially backed by the gold, but I didn't really understand what you were referring to when you said 'partially?' How would I know that my converted dollars into Swiss fanks will be partially backed? Sorry for the primitive question, but I didn't get what you meant. Could you please elaborate on  that? So what is the best thing I could do as a student to protect all that money through foreign currency conversion?

Are insured for up to a maximun of CHF. 35'000.- or  32,108.62 USD

The Swiss sold off large quantities of their gold 10-12 years ago, same time as the UK.

Not sure exactly what gold reserves they have now

Who knows for sure where a lot of the world's gold is at?

My bet is that the US gold in Ft. Knox was raided long ago and moved offshore to that nation of apartheid psychos, where it has been turned into jewelry that is adornng hairy chests.

And the men got gold money clips out of the deal.

I had heard that more of the value of the CHF was backed by gold than was the case for any other currency. Perhaps that is no longer the case. By the way, deposits in Irish bank accounts are now protected up to €100,000.

You could purchase American Express Travelers Cheques denominated in Pounds, Euros, Yen, or Loonies. I'm not sure how much long term protection it would give since all these fiat currencies would be in similar boats.

Mine is in land, AU, AG, and PB. PB with brass casings.

How about if I purchase silver or/and gold? I keep hearing that the price of gold is going to skyrocket soon? Any advice on that?

I bought Au @ $270 and AG @ $5 in '99 before Y2K. A good investment then. $6.50 American for Maple Leafs that carry a face value of 5C! and a market valeu of $20+ now (real world prices, not spot, which is used for paper trades)

The land bought 20 years ago is worth 20-30 times the '88 price . Gold has doubled over that time frame.

AU is illiquid and only useful as a hedge from one system to the next. Government seizure of AU is a real possibility if AU backed currencies emerge. Read the history of how you'll get screwed in a AU confiscation.

AG is the currency for hard times. That and ammo. .22 bullets and shotgun shells will be currency.

It's difficult to get silver now and you'll pay a premium. Ammo availability will disappear overnight in a martial law declaration, which is coming soon IMHO

I was thinking that maybe the government might decide to confiscate silver and gold as some point. It should be bought privately, but who knows if the person you buy the silver and gold from might not rat you out. I bet Rothschild's ass has become soar from seating on precious metals for the last 30 years.  

Reading all your comments it seems to me that these Jewish bastards have done everything possible not to allow any form of insurance for our wealth. Even our own homes are not our 'own' because very few of us have paid it off. Soon Americans will be moving to different countries for a 'better life' which is kind of ironic.

They have never confiscated silver, they only stopped putting in coinage. Silver has a wide range of industrial uses and, as crazy as this sounds, it is antibiotic in case of a biological currency contamination.

All it would take to bring America's cash down would e for the Anthrax zionists to dust about 20 ATMs. All paper would have to be burned without compensation. Think about that one!

Consider the Brazilian Real. It's it decoupled from the dollar and Brazil is in an excellent position to weather this storm with their ag exports, mining, alcol based economy, and new offshore oil finds.

I'm not the running type, even though I have dual citizenship. I'd rather stay and fight.

I was experimenting with the ownership of precious metals. Of course, it's a huge responsibility to invest in these metals -- gold, silver, platinum and palladium (the latter two amazingly expensive due to the rarity of extracted metal).

Be sure to check the market quotes for spot price to see how it would fructuate every day. Remember, gold price surged by the time the collapse of AIG happened prior to the announcement of the Paulson Plan. The price slips a tiny percent by the time the bailout nears completion to pass (albeit forced under Nancy Pelosi's dictation).

IMO, I would go with investing a few thousand in 100% silver coins/bars and a small amount of pure 99.99% gold, be it necklace, wedding band, coin and bar. You could get them slightly cheaper than what you would buy from pawn/coin shops on eBay.

Warren Buffett spent half a billion dollars purchasing 20% of the world's silver market (130 million ounces) that had the financial market spectaculors worried. He later sold it in one pile about 8 years later. Because of Mr. Buffett's strange optimism that U.S. economy will work itself out to recover rapidly with the election of Obama (whom he supports) and his recent injection of $5 billion into Goldman Sachs to purchase some shares in one of the most bizarre deals in Wall Street history, I'm skeptical of Mr. Buffett's "honesty." Maybe more ingeniously shrewd than we expect.

Ron Paul has been investing in mining companies to extract precious metals for decades. As the result of wise investment decisions focused on gaining precious metals to melt & form bars to sell on the market he is a millionaire. He probably holds a sizable reserve in the secret location (maybe a Swiss bank).

What about trading gold and silver post-collapse? I'm not even sure how trading metals would work after the paper money craters resulting in hyperinflation and/or universal rejection. Being an amateur, self-taught or trained metalsmith with the equipment will help in melting coin and bar to split in bits and nuggests for trading.

In the event of the collapse, the value of fiat currency is utterly worthless so it will be truly "survival of the fittest." Bartering skill will help because that's how it worked in the ancient civilization when obtaining actual money for service rendered was scarce.

As for conversion USD to another currency, I would suggest that the foreign currency should have the backing of intruisic value. As others have said above, the currency that connects to another currency with little or no backing of proven material value will eventually vanish in the dominon effect of global monetary collapse, if I understand this correctly.

Swiss Franc might have it. Call the Swiss office of finance to receive information on the current state of precious metal reserve related to the network of multiple currencies in global monetary status, etc. Open a Swiss bank account (like this web site) through phone contact and snail mail to deposit the assets.

As everyone knows, Swiss banking law is strict about protecting the clients' privacy, so not even the U.S. government can confiscate the assets deposited by a U.S. citizen if you have nothing "illegal" to hide (i.e. money laundering Mob-style).

Russian ruble might be worth investing, but do the research on that. If I'm not mistaken, Russia, after enduring the socioeconomic pain of Soviet dissolution in 1991, recovered and became incredibly wealthy in development and exporting of oil and natural gas reserves. Keep track of the currency flunctuation in comparison of USD to another respectable currency in conversion through Yahoo! Finance.

It may be true it takes one who have majored in economics and finance in a 2 or 4-year college plus experience in the stock market (buying and selling futures) to make sense of this madness (bailouts, precipitous market point dip, etc). The overwhelming majority of the population in Western developed nations is ignorant of the volatile nature of economic-financial law, trusting that everything will work out believing in the fiat paper money (you know, flashing the multiple FRN Benjamins in one hand while twisting fingers to form a gang sign in braggadocio like black rap star and guido wannabes).

The Founding Fathers, most famously Thomas Jefferson, were absolutely right in their warning. (fiat history in the US)

Good luck in your endeavor, Fem.

Thanks so much for your informative reply. I've already contacted a Swiss bank, so I should be getting their forms to fill out in order to open up an account. I'm going to further research how the Brazilian real, Russian ruble and few other currencies do, so that I can split the savings. I wish I was a finance major or an econ major right now...it would have made things a bit easier for me. 

If only those gangsters you were talking about knew that their Benjamins don't worth shit! :)

Looks like the Swiss franc isn't backed by anything either.

"The Swiss Franc left a full gold-convertible backing. However, gold reserves are held in significant quantity by many nations as a means of defending their currency, and hedging against the U.S. Dollar, which forms the bulk of liquid currency reserves."

"Switzerland Ended Gold Reserve Requirement Backing Swiss Franc. Switzerland voted to do away with the gold reserve requirement backing their currency. ..."
 

But I also found this statement on the internet:

"I couldn’t help but notice on these days though where the money was flowing. It never ceases to amaze me. Switzerland is not safer that any other currency; the Swiss sold off all of the gold that once backed their currency years ago. Yet traders in uncertain times instinctively run to this currency as if it were still backed by gold. So that’s one of the safety zones. Not because it is one in reality but because it’s still treated as one by traders — which ends up making it one."