I'm liquidating all my Canadian assets and getting the f out in the next 2 years hopefully. My question is to anyone doing this or at least having put thought into it is: what should I change my worthless CAD to until I establish myself elsewhere? I'm talking about sums >100k. Currency exchanges take huge cuts on every change from my experience and bullion can't be freely transported accross borders. I'm not comfortable holding large CAD sums for any amount of time because it's decomposing trash. Where I go will be mostly dependent on my work situation, but the eurozone seems probable. Any tips?
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Honestly, there isn't a single safe asset class right now. The entire world is printing money is record amounts.
...what? This is terrible advice. Asset classes are inflating alongside the money supply, more or less, and providing at least some protection against currency dilution. If you stay liquid then you lose, if you own an asset it at least somewhat tracks money supply.
Stock market performance over the past decade has very closely tracked fed printing. If you stayed in currency you would have seen huge erosion of buying power vs. being invested in at least some sort of assets.
I hear Bombardier stocks are too big to fail.