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  1. #1
    Join Date
    Jan 2010
    Location
    Traverse City Michigan
    Posts
    6

    Default Investing Zimbabwe Currency in Gold or U.S. Dollars

    I would like to know how hard it would be to invest all of my Zimbabwe currency into gold, or exchange it for US currency... Is this even possible to do??

  2. #2
    Join Date
    Jan 2006
    Posts
    38,867

    Default Re: Investing Zwd in Gold-Michigan

    I would suppose you would have to go to a bank or business that deals with currency exchanging. I doubt they can convert it to gold bullion or gold coins for bullion value. After you exchanged the foreign for US currency, you would then go to a commodities broker to purchase the gold.

  3. #3
    Join Date
    Jan 2010
    Location
    Traverse City Michigan
    Posts
    6

    Default Re: Investing Zwd in Gold-Michigan

    I found that I cant exchange the currency for currency unless I am in Zimbabwe. Unfortunately I dont see myself being there again.

  4. #4
    Join Date
    Jan 2006
    Posts
    38,867

    Default Re: Investing Zwd in Gold-Michigan

    well, if you already know that nobody in the US is exchanging Zimbabwe dollars, then why bother asking where to exchange it?

    Contact the major banks and ask them. Maybe they aren't exchanging due to the volatility of the Z dollar. If that's the case, then you just can't do it but I cannot imagine there wouldn't be some bank that will exchange it. It may not be a favorable (market value) exchange due to the volatility but that is simply the cost of doing business sometimes.

  5. #5
    Join Date
    Jan 2010
    Location
    Traverse City Michigan
    Posts
    6

    Default Re: Investing Zwd in Gold-Michigan

    I just found that info out on another site as I was browsing...

  6. #6
    Join Date
    Oct 2005
    Location
    California
    Posts
    1,206

    Default Re: Investing Zimbabwe Currency in Gold or U.S. Dollars

    For those who might have interest: The Zimbabwe dollar is worth almost nothing anywhere. There's a website that sells a trillion Z$ for $9.99 U.S.

    It was abandoned as official currency of the 'country' (if you want to call it that) in April of 2009.

  7. #7
    Join Date
    Mar 2009
    Location
    Key West, FL
    Posts
    2,350

    Default Re: Investing Zimbabwe Currency in Gold or U.S. Dollars

    Like old stock certificates, it makes good wallpaper for a bathroom.

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