The Sovereign Society’s currency analyst, Sean Hyman, says investors should stick to trading currencies. There are over 13,000 stocks open to public trading. But there are only eight major traded global currencies. This makes it far easier to keep track of movements and trends. And it means there’s more chance of picking a winner…

As I said yesterday, George Soros - the billionaire investor - who “broke the Bank of England” got his “celebrity status” by betting against the British pound…and now he’s looking to do the same thing by shorting the British pound again.

Don’t know the first thing about trading currencies? No problem. You can still invest outside of the falling dollar - even with just a normal stock brokerage account. Let’s look at some great ways you can get in on the foreign currency markets, and actually profit from the dropping dollar.

Gold just hit US$1,000 an ounce, oil is at US$111 per barrel now. Gasoline futures just rose to an all-time high, even though the “summer driving season” hasn’t hit yet.  I don’t even want to think about how much we’ll be paying for gas this summer.

As you probably know, interest rates drive currencies. Money tends to flow towards high-yielding countries, and away from low-yielding currencies. So when central bankers announce rate decisions, currency traders are right there, waiting for the latest results.

And last week was nothing but rate announcements.

For starters, Australia was the one major economy that dared to raise interest rates in this market. That puts the Aussies in a class of their own right now.