July 7th, 2010 
admin I am trying to buy and hold some foreign currency. I currently only have a checking account and an online savings account, both in US and for US dollar only.
What is the best way (i.e., safe, inexpensive and easy) for me to buy and hold a particular foreign currency (e.g., Japanese Yen)?
I am not looking to trade foreign currency very often. Just buy and hold. Any expert or experienced folk out there?
Is the internet the only way to invest in foreign currencies?
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I would try an international bond fund:
http://www.troweprice.com/common/indexFundFacts/0,0,ticker=RPIBX,00.html
But why now? The dollar is at historic lows. Should have done this 3-5 years ago. With the dollar so low now and foreign currencies so expensive, why would you do this now?