Need advice on preventing the value of my cash from depriciating

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Shalashaska

Shalashaska

Intermediate
Aug 6, 2013
125
2
24
Karachi
Hello all,
As we all know, the value of Pakistani Rupee is falling rapidly so I wanted to convert some of my Rupees into some other form. I have two options in my mind at the moment:

1. Convert my rupees into dollars or some other currency.
2. Convert my rupees into gold.

Please give me advice on which one of the above options should I choose?

Also suggest any other way of preventing the value of my cash from depriciating. Should I invest cash to buy shares of a plc. whose rates are expected to increase in forseeable future?
 
GloriousChicken

GloriousChicken

Glorious Chicken Lord of Team UG
Global Mod
Jul 30, 2013
2,651
173
69
Karachi
Shalashaska said:
Hello all,
As we all know, the value of Pakistani Rupee is falling rapidly so I wanted to convert some of my Rupees into some other form. I have two options in my mind at the moment:

1. Convert my rupees into dollars or some other currency.
2. Convert my rupees into gold.

Please give me advice on which one of the above options should I choose?

Also suggest any other way of preventing the value of my cash from depriciating. Should I invest cash to buy shares of a plc. whose rates are expected to increase in forseeable future?
Click to expand...
Gold will be better.

And it will make your wife happier too.
:umad:
 
Shalashaska

Shalashaska

Intermediate
Aug 6, 2013
125
2
24
Karachi
BananaExpress said:
Gold will be better.

And it will make your wife happier too.
:umad:
Click to expand...
Bro, I am talking about a serious matter. If its gold, then it would be gold bars. Actually I have about 75k cash which I would want to convert. And can you tell me a good reason why would gold be better?

P.S. I'm just 18
 
GloriousChicken

GloriousChicken

Glorious Chicken Lord of Team UG
Global Mod
Jul 30, 2013
2,651
173
69
Karachi
Shalashaska said:
Bro, I am talking about a serious matter. If its gold, then it would be gold bars. Actually I have about 75k cash which I would want to convert. And can you tell me a good reason why would gold be better?

P.S. I'm just 18
Click to expand...

i was just making sure bhabi is okay. :)


Well, Gold bars....
I dont think you can get gold bars under that price? No?

Doller would be better.
but it would become an issue if Pakistan takes a loan reserve....




Maybe others might know.
im not much of a thinker when it involves stuff like this.
 
afeef

afeef

sensesx
Jul 24, 2010
1,322
2
43
Operation Locker
www.freesharewares.com
IMO keep 75K cash , converting it any other currency will be useless since the difference will be small. if you still have this urge then i'll say buy gold but yet again the difference will be small when you will cash it out.
 
abcd

abcd

-
May 2, 2007
452
0
21
Karachi
Do you want to invest in the short term or long term?
If it's only for few months convert into dollars. The return on this amount would be negligible but at least there will be no depreciation. If you are thinking of long term then buy 10g or 20g gold and forget about it for a few years. In the long term gold will give a reasonable return.
 
Shalashaska

Shalashaska

Intermediate
Aug 6, 2013
125
2
24
Karachi
BananaExpress said:
i was just making sure bhabi is okay. :)


Well, Gold bars....
I dont think you can get gold bars under that price? No?

Doller would be better.
but it would become an issue if Pakistan takes a loan reserve....




Maybe others might know.
im not much of a thinker when it involves stuff like this.
Click to expand...
If Pakistan takes another loan, that would mean that the value of PKR would further decrease, and in relation to that, price of dollar would increase so that would mean its not a problem for me.

afeef said:
IMO keep 75K cash , converting it any other currency will be useless since the difference will be small. if you still have this urge then i'll say buy gold but yet again the difference will be small when you will cash it out.
Click to expand...
Thanks for the advice bro. Actually, I don't want to convert it to make a huge difference or to earn profit, I just want to stop the value of my Cash from decreasing. Because, about five years ago, we could buy $1,250 with Rs.75k, but now it can only buy $700, and soon it would buy even less, so I want to prevent it from further depriciating.

Lord AvaLon said:
Convert your Pk rupees in a PS4 and live happily ever after.
Click to expand...
Lol, I will buy PS4 in 2015 Insha Allah. Currently I want to save. Right now $399+import duty= about 50k but if rate of rupee further falls until 2015, I would have to spend even more.

abcd said:
Do you want to invest in the short term or long term?
If it's only for few months convert into dollars. The return on this amount would be negligible but at least there will be no depreciation. If you are thinking of long term then buy 10g or 20g gold and forget about it for a few years. In the long term gold will give a reasonable return.
Click to expand...
Thanks for your response. I want to invest in long term because I don't need this amount of cash right now, and keeping it in its current form is only giving me a loss. BTW how much would 10g-20g of gold cost? Will it come within 75k?
 
Last edited:
Mephisto

Mephisto

The Prime Evil
Jun 4, 2008
628
1
23
Lahore
Gold and Land.

If u have income that continues to come - buy some small land in installments. That's money saved and land doesn't depreciate.

Stocks are good if you know the market and people. It takes a while to study and keep ur self updated with the market, and its always risky... But if done right you can earn good money.

But the quickest safest option is buying gold. BTW 75K isn't much amount so don't worry about inflation.
 
G

Gorsi

New member
Sep 30, 2013
7
0
1
Islamabad
Invest in Saudi Riyals..:)

Bro invest in Saudi Riyals because SAR will never ever let you down and if you wait for few months you'll get reasonable return and there will be no more fall in money value....

Don't invest in Gold because (i) You don't have much money...75k is nothing for Gold investment (ii)No one can assure that gold prices again will not fall down suddenly as we have seen few months back...

for 75k you'll get 700$ but for 75k you'll have 2,705 SAR.....so as per current conditions of Riyal and Rupee if Rupee tends to decrease again than you will get more return as compare to Dollar....

Choice is urz....:)
 
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