This is the best currency to hold for now (you may be surprised)

October 10, 2014 Santiago, Chile
I just got off a two-hour conference call with the board of directors of our agricultural investment company.
I’m fortunate that our board is comprised of some incredibly smart people, including a senior executive at one of the largest sovereign wealth funds in the world, another investment banking executive, private wealth manager, etc.
These are very intelligent people who understand both finance and agriculture.
Our conversation this morning turned to exchange rates, and we discussed the future of the US dollar.
Bear in mind that we all hold a rather dim view of the dollar’s long-term fundamentals. That is, after all, why we pooled funds to trade paper currency for high quality productive farmland.
But over the coming months, our consensus was that the US dollar is in a favorable position when ranked against other major fiat currencies. I’ll explain why:
There are only a handful of currencies in the world that can handle huge institutional inflows and outflows.

This post was published at Sovereign Man on on October 10, 2014.