The relevance of global currency movements is tough for most American investors to get their heads around.
Looking to make the difficult and remote even more philosophically complex, currency speculator extraordinaire George Soros once opined that investing in currencies is an “existential choice.”
Now before you reach your well-thumbed copy of existential philosopher Jean-Paul Sartre’s “Being and Nothingness,” understand that Soros’s point has nothing to do with the thinking of this Gauloises cigarette-smoking, womanizing French rake.
Jean-Paul Sartre: “Me, long the U.S. Dollar? Never!”
Soros’ point is that no matter what you invest in, you are always also betting on a currency — whether you know it or not.
Read more about why you should pay attention to global currencies at Eagle Daily Investor.