Euros

[Marmalade]

So, I keep a few euros in my passport and also a euros travel cash card topped up with a few pennies for when i'm away.

I'm now thinking though that if the euro does go down the shitter like most think it will then my cash and card value will be worthless.

Do I bail and just get rid of all of it asap or hold out and hope it doesn't become worthless?

I keep it as it saves going to get notes every time I go over the water and the card is mainly for backup in case other cards don't work, emergency funds etc
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[angryjonny]

If the euro goes arse over tit the pound probably won't be far behind. You probably want to change it into Canadian dollars or something, though they're expensive these days.

[Rogerborg]

Sterling is likely to be a short term refuge currency, so we should do well for a while for European imports (food, BMWs).

Long term, get Chinese Yuan while they're being held artificially low.
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[GSTEEL32]

You pay so much on the bid/offer spread, its really not going to make any difference to the value at all.

The euro wont ever sink, it works too well as a common currency. What you might find however, is that some countries with weaker economies elect to go solo again.

Countries which were up for adopting the euro may also now elect to defer instead.

I doubt sterling will be used as a safe haven currency as it is too exposed to europe and therefore open to the same weakness in GDP.

If you were serious about investing cash in currency, I'd suggest oceanic currencies with an exposure to Chinese Trade, possibly AUD, NZD..... that sort of thing...... ( but again, you pay so much on the bid/offer spread, I doubt you'd make profit after you paid commission ect etc)