million dollar question

hi guys,
say i had a million dollars , and i decided to split it evenly into 100k portions,
then open a bank account in each country and buy all of the major currencies - AUD CAD CHF EUR GBP JPY NZD USD and also buy 100k each of GOLD and SILVER...

would this be a good way to preserve my million so that it never loses value? or have i totally got the wrong idea?
please enlighten me ...

All you have to do is beat inflation every year to maintain your wealth (and not spend it, of course). If your money is in USD, what's the inflation rate of the US? Find a vehicle that will beat inflation. There are bond funds that return 7-9% net per year, year after year. They're about as safe an investment you can find and you'll beat US inflation every year.

Or you could open a high-end whorehouse and make some real money.

What is it with all the hypothetical threads nowadays?

When I think in a hypothetical way, I usually think of what I would do if I bumped into Elle McPherson and how many bottles of champagne it would take to convince her that love at first sight really is possible.

If you had a million dollar and didn't know the answer, you could at least afford to get that answer from someone who does.

sorry , but i meant if i were to convert my million into all into the various currencies above in equal amounts equivalent to 100k USD, but not just hold in USD, what would happen to the value of my portfolio? i mean when a currency goes up, another one will go down right? and when USD goes down, gold goes up etc.. im not trying to beat inflation here cuz im not holding all in USD so im just looking to preserve it without gaining or losing anything due to currency movements so im just curious what would happen if i did so above...thanks

The thing about "having a million dollars" is that unless it's just given to you... earning a million dollars is an education all to itself. Once you have it, you know what to do with it... and what not to do with it. That's why lotto winners end up giving it up while the self-made can lose it and make it all back again.

Anyway if you want to preserve capital w/ a reduced risk take a look at the "US dollar index" basket and related money market funds. Basically it's a weighted basket that spreads your money out to balance out volatility while trying to compensate for inflation.

Just because one currency goes up another might not go down, some might go down in tandem, others might go up in tandem.

If you're not worried about inflation why not just hedge a long and a short in highly correlated pairs? Or for that matter... why do anything with it at all? Forex is probably not the safest way to invest given all the bucket shops, gov't issued bonds would be a lot safer (altho less liquid).

The Swissy is a pretty safe bet.

The better question is, where do I pick up my million if I answer this question?

the safest place for YOUR million dollars is in MY account.

you can PM me for my bank details................:

"I'd buy you a Lamma or an Emu"...