Reply #5: Buy Euro denominated bonds

[Sgent]

NOOOOOO....

Your local bank should be able to hook you up. One of those exchange places will cost you 5-10% on each end.

Now, currency investing is a lot like gold investing -- it doesn't earn return, but it just sits there. If you really want to own euros, talk to a stock broker and buy euro denominated bonds (debt). They will return interest and you will be protected if the euro continues to appreciate against the dollar.

One final note, about $3 trillion in currencies are exchanged daily. In general I would tell you that with all that money being traded, the best exchange rate for euros is what is trading for right now.

Edit: I wasn't clear, buy euro denominated bonds of countries. Just like the US issues savings bonds and investment bonds, so do England, France, Germany, etc. Buy one of those countries bonds.

Alternatively, open a bank account in a foriegn country and buy a CD which is denominated in euros.