Setting up a savings/trading accounts denominated in euro's?
Posted: Fri Nov 09, 2007 9:18 pm
With the depreciating dollar I see no benefit to hold assets in dollars anymore. Hell we've lost 10% of our worth this year and frankly, I'd rather keep that 10% for myself. Just about every major corporation and some countries are already abandoning it completely. I would like to put my savings into an account that is denominated in euro's to protect my assets valuation.
Are there banks that can do this or do I have to put my money outside of the US in offshore accounts to accomplish this?
Also - does any one know if I can set up my Oanda Forex trading accounts to be "paid" in EUR rather than USD? I know it is an option when you create your account, i'm just wondering if there are taxation problems with this or anything.
Thanks for your help gents!
Are there banks that can do this or do I have to put my money outside of the US in offshore accounts to accomplish this?
Also - does any one know if I can set up my Oanda Forex trading accounts to be "paid" in EUR rather than USD? I know it is an option when you create your account, i'm just wondering if there are taxation problems with this or anything.
Thanks for your help gents!