Options obtainable in two different flavors. Call options situations contract holder the to buy the currency. Put options offer contract holder the to be able to sell the currency to a person else.
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On a day-to-day basis this means you could go shopping and employ the currency of your choice – USD, EUR, HKD, AUD, RMB etc. Almost all a slight headache for your specific local shopkeeper, as he or she would are looking at such multiple currencies at the cash check out. But it’s not impossible, and a lot duty-free stores around planet already deal in at least the main globally accepted fiat legal tender. All that would be needed is a clever cash register that is designed for multiple foreign exchange.
I know what you are thinking” but these are only bullion coins” or “they are lengthier legal tender”. True, but have you ever heard of ISO 4217? No.didn’t think you included. Well ISO 4217 is the INTERNATIONAL STANDARD which defines currency constraints.
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Legendary hedge fund manager, John Paulson has chosen to place a significant percentage of his total investment capital into gold and its relatives – ETFs and stocks. He actually owns more gold than that several countries combined!