Anyone know of how to invest into the Euro

More and more it's looking like the dollar is sinking faster than the Titanic. I've heard talk about investing money into the Euro since this currency is doing strong. However, obviously I would want to work with a reliable source.

Is anyone investing into Euros?

and stick them in a safety deposit box or under your mattress? The other option would be to open a European bank account.

Edit: I'm not a smart person on a financial matters, but I have bought foreign currency on a number of occasions.

:shrug:

in countries like Brazil, where I lived, they did it as a hedge against devaluation of their own currency. So the idea was to hold the value of the money rather than make interest. A bank account would solve the interest problem, but if interest rates are like they are here, it won't make much of a difference.

Everbank is a place where smaller investors (under $250,000) can purchase CD's and money market accounts in foreign currencies.

Google produced this page advocating Everbank CD funds but you'll need a hunk of money to open an account.

http://www.answers.google.com/answers/threadview?id=430368

I'd reccomend playing with the 30 day demos before depositing funds. I use FXCM.com and it works well. Except for days with heavy trading when execution times can't be guaranteed.

http://www.fxcm.com/

These guys maintain a daily thread on US/EUR...

http://www.forexnews.com/forum/forum.asp?f=generalforum

I don't have any really good options in my 401k plan, but right now I'm investing in an international stock fund-- figuring that the corporate earnings are probably equivalent, and those corporations that do business in Euros, Yen, Pounds, etc. will all rise against the dollar.

It is possible to open a Swiss bank account and send them deposits in dollars and have them exchange those dollars for Swiss francs or Euros. Curiously, the sources that'll tell you how to do it are run by wingers. (I used to read a gold-bug page that proudly linked to Mike Ramirez.)

One alternative I'd consider if I had serious investment capital is a commodities hedge fund. Jim Rogers, the guy that wrote Investment Biker, runs one.