Where to get physical foreign currency in the US? [FX] - MarketTicker Forums


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User Info	Where to get physical foreign currency in the US? in forum [FX]
Striker754 Posts: 671 Incept: 2009-07-09	Where would be the best place to get foreign physical currency in the US without getting jacked on a ridiculous spread? Thinking of taking a small position in some other currencies just as a hedge, CHF CAD, etc 2011-07-11 15:35:55 Permalink
Spazznout Posts: 1704 Incept: 2009-04-15 Columbus, Ohio	good luck with that.....the last few trips I took to Europe I actually ended up getting the best rates taking my dollars into the local bank once I arrived....the swiss Frank was the most dramatic of the decreased spread costs. You can try your local bank....or even call the local Airport exchange???? ---------- "In a land without Rule of Law even a sane man who desecrates the state must be made to look crazy. " Rubicon Jan. 9, 2011 blog post. "Those who make peaceful revolution impossible, make violent revolution inevitable." Last modified: 2011-07-11 16:01:48 by spazznout 2011-07-11 15:59:41 Permalink
Arpwatch Posts: 3051 Incept: 2009-11-06	...Bank of America...? 2011-07-11 16:13:17 Permalink
Asimov Posts: 103906 Incept: 2007-08-26 East Tennessee Eastern Time	Call the embassy and ask? Shrug ---------- It's justifiably immoral to deal morally with an immoral entity. If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente. 2011-07-11 16:32:31 Permalink
Uwe Posts: 6435 Incept: 2009-01-03 19446	Pretty much any bank can order foreign currency for you, but it will take a while and the exchange rate won't be particularly favorable. -Uwe- ---------- “Whenever the legislators endeavor to take away and destroy the property of the people, or to reduce them to slavery under arbitrary power, they put themselves into a state of war with the people, who are thereupon absolved from any further obedience.” - John Locke 2011-07-12 00:11:05 Permalink
Get_a_grip Posts: 554 Incept: 2008-10-10 Shoot Your First Zombie - Get the Second One Free	I actually did this. My main credit union couldn't or wouldn't do it, but a secondary credit union ordered the CHF for me. This was quite a while ago, and they even asked If I wanted more. I declined the offer for "more" and I kept the amount under what I thought that they might be required to report or track. ---------- "When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that justifies it" -- Frederic Bastait 2011-07-12 03:22:48 From PDA Permalink
Iflyjetzzz Posts: 8876 Incept: 2007-07-29 Tucson, AZ	Just open an account with Dukascopy and exchange currency that way. If the feces hits the rotating oscillator, hop on a jet to Zurich and get your money. ---------- When the facts change, I change my mind, sir. What do you do? 2011-07-17 04:58:02 Permalink
Uwe Posts: 6435 Incept: 2009-01-03 19446	Uh, an account with a bank which requires one to fly to overseas to cash out is hardly the same as having physical currency in one's possession. -Uwe- ---------- “Whenever the legislators endeavor to take away and destroy the property of the people, or to reduce them to slavery under arbitrary power, they put themselves into a state of war with the people, who are thereupon absolved from any further obedience.” - John Locke 2011-07-17 06:31:40 Permalink
Asimov Posts: 103906 Incept: 2007-08-26 East Tennessee Eastern Time	n/m ---------- It's justifiably immoral to deal morally with an immoral entity. If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente. Last modified: 2011-07-17 09:52:42 by asimov 2011-07-17 09:52:28 Permalink
Genesis Posts: 130691 Incept: 2007-06-26	If you intend to try to leave the country with it if TSHTF you're better off if it's there rather than here. Remember the rules on declaring large currency amounts in your possession, right? Oh, and if you don't and get caught? Why it's deemed drug money! ---------- I don't care* if it makes sense -- only if it makes money. -- Me* Bank (n): See scam, fraud and theft. *Eat a bankster -- they're low-carb.* *What part of "shall not be infringed" was unclear?* 2011-07-17 10:13:22 Permalink
Smartmoney Posts: 226 Incept: 2009-07-18 Banned	How about ADR and if dollar falls the ADR goes to the moon. Any thoughts? 2011-07-17 10:22:18 From PDA Permalink
Iflyjetzzz Posts: 8876 Incept: 2007-07-29 Tucson, AZ	Quote: Uh, an account with a bank which requires one to fly to overseas to cash out is hardly the same as having physical currency in one's possession. KD already mentioned one problem with trying to bring Swiss Francs out of the country. Another is that your local Walmart isn't going to accept Swiss Francs, nor is anyone going to exchange them back to USD for a reasonable rate. Hopping on a jet and leaving the country isn't that expensive anymore. And if things get bad here in the US, there will be somewhere in the world that's more stable. Having traveled the world, leaving the US for an extended period of time doesn't scare me. ---------- When the facts change, I change my mind, sir. What do you do? 2011-07-23 01:57:13 Permalink
Julier Posts: 240 Incept: 2009-10-14 Palm Beach Gardens, FL	This wouldn't be physical but you can get foreign currency exposure by opening an account at Everbank.com.... https://www.everbank.com/personal/foreig.... They have some unusual banking products....Awhile back I bought a 3 year BRIC CD....and this past year I bought a 5 year 10 Commodities IRA CD.... ---------- Daily I wonder what will happen next.... 2011-07-23 08:59:05 Permalink
Uwe Posts: 6435 Incept: 2009-01-03 19446	Quote: Hopping on a jet and leaving the country isn't that expensive anymore. And if things get bad here in the US, there will be somewhere in the world that's more stable. Having traveled the world, leaving the US for an extended period of time doesn't scare me. It doesn't scare me either, but the question is: If TSHF in the US, will commercial flights be available? As we saw 10 years ago, our government can shut down commercial air travel in a matter of a few hours. Even if it doesn't get shut it down by edict, let's say Bucky totally collapses. I know this isn't a popular scenario here, but that's exactly the scenario one would be hedging against by holding some physical foreign currency, right? Under those circumstances, whatever USD you have wouldn't be worth squat, but a foreign airline might accept the currency of its home country for tickets. Hence having at least some physical foreign currency might not be a bad move. -Uwe- ---------- “Whenever the legislators endeavor to take away and destroy the property of the people, or to reduce them to slavery under arbitrary power, they put themselves into a state of war with the people, who are thereupon absolved from any further obedience.” - John Locke Last modified: 2011-07-23 09:54:14 by uwe 2011-07-23 09:53:43 Permalink
Thystra Posts: 543 Incept: 2009-07-12 Around the World	Depending on the SHTF, air space may or may not be available. See SCATANA for more info. http://en.wikipedia.org/wiki/Security_Co.... 2011-07-23 10:03:31 Permalink
Iflyjetzzz Posts: 8876 Incept: 2007-07-29 Tucson, AZ	Wow. What kind of SHTF scenario are you guys dreaming up? Commercial transport didn't shut down during the Great Depression. They're not going to shut things down for a solely economic event. You're going more into a TEOTWAWKI scenario, complete with mushroom clouds. ---------- When the facts change, I change my mind, sir. What do you do? 2011-07-25 05:04:57 Permalink
Djloche Posts: 3273 Incept: 2008-07-07 In the Mountains	Katla is scheduled to blow... that could shut down air travel for a while ---------- "If we wish to be free, we must fight! I repeat it, sir, we must fight! An appeal to arms and to the God of Hosts is all that is left us! Gentlemen may cry, "Peace! Peace!" -- but there is no peace. The war is actually begun! Our brethren are already in the field! Why stand we here idle?" 2011-08-19 22:18:31 Permalink