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Investing in different currency?

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  • Investing in different currency?

    I have been thinking of doing this. I live in the US and would like to buy some pounds as an investment. I know someone who can help me do it. I know it is only at a slight increase right now, 1.31 I believe to the USD.

    Does anyone have experience with doing this?

  • #2
    I know a family who lives in both the US and the UK. The family in the US often takes trips to the US and actually gambles in the UK, I am not sure how as I thought it was illegal but they are able to bring back higher winnings without taxation and because of the conversion rate. I feel like this is something that should NOT be done but hey, it is none of my business.

    I don't know about the standard way of investing in different currencies for revenue. I never had an interest in it.

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