Investing is fundamental to building wealth as an individual and becoming more successful. There's absolutely no way to get ahead and brighten your financial future without making smart investments. Unfortunately, not every currency in the world is worth your time and money. The country that you live in may be using a sub-standard currency that is deflating in value because of excessive government spending, a federal reserve system that deflates the currency through printing, or numerous other reasons. Because of this, there are five treaties that have risen to the top and are considered the strongest and most secure treaties in the world. These are contracts that you should consider for your investments in 2013. This includes forex investments and currency trading, bonds, savings accounts, or business investments. In general, a good currency is a viable candidate for all types of investments and there's no need to be selective.
Below, you will find the top 5 secure contracts for you to invest in for 2013:
The American Dollar
Although there has been great debate over the stability of the American dollar, it is still used for 90% of foreign trades. It remains the most powerful currency in the world and despite the economic problems of the United States, it's the currency of choice for many investors. Although, many wise economists say that the US dollar is running on limited time. Excessive printing through the federal reserve and overspending by the government is leading to severe inflation and a deflation in value. As an investor, the US dollar may look promises because of its widespread usage and acceptance, but it could be trouble when its time is up.
The percentage of foreign trade for the Euro is around 37%, with one euro equal to $ 1.32. The Euro is surprisingly the largest currency in circulation throughout the world, with Europe and over 150 million other people using this currency in Africa. The Euro has faced very difficult times much like the US dollar, with many economists predicting instability in the future.
The Japanese Yen
Although not the most popular currency with a foreign trade percentage of rough 17%, the Japanese Yen is a stable and growing currency that makes for excellent investment potential. It has a very low value in comparison to most other currencies, with 1 Japanese Yen equal to $ 0.01. However, the trading potential for the Japanese Yen is quite high and for an investor, it makes perfect sense to have the Japanese Yen at the top of your list.
The British Pound
Very similar to the Japanese Yen, British Pounds have a foreign trade usage at about 17%. It's an upcoming currency and what makes the British Pounds so popular is it's very high value. One British Pound is worth considering more than a US dollar. In fact, a single Pound equates to about $ 1.53. The trading and investment potential for this currency is very stable. Investors can also appreciate the history of the currency as it was very subtly affected by the economic problems of the late 2000's.
The Swiss Franc
Although not the most popular currency in the foreign trade market, the Swiss Franc has an exchange rate to the Us Dollar equivalent to 1 = $ 1.06. It's foreign trade percentage stacks up at about 6%, making the Swiss Franc one of the least popular currencies when it comes to foreign trade. However, it's a currency that offers a safe haven for money because while other currencies are declining in value, the Swiss Franc is generally improving.