Lately there's been a lot of fear being spread about the health of the Euro. I am not panicking, but I'm a bit worried about my savings. So here's my question. What is the best way to prepare for the possible devaluation of the Euro?
Options I'm considering:
- Investing my savings in some more reliable resources like Oil, Gold or Silver.
- Just converting my balance into some other valuta that is seemingly unrelated, like the brazilian real, or the seemingly stable Chinese yuan.
Ofcourse if everyone in Europe does this the value of the Euro will surely drop. Are there ways to prepare for this without helping the downfall of the Euro myself?