What strategies will you use to lock in a high AUD assuming it should definitely fall from around .80? Precious metal has tracked the AUD up and down over recent but that should change soon too. I was looking at ETF's YANK or POU but just cant decide on the best way to buy and hold USD or other at the right time, anyone using Goldmoney to their advantage?
Im not adverse to technology and I get all the advantages of crypto but I just don't see how any of the coins are going to show price stability. I see one is backed by gold but being stored in the US so its up for confiscation when it suits and then its backed by nothing. Ill keep crypto as an option for transacting but not a reliable store of value... just yet.
I have been anticipating 7840 as good level for AUD to bounce off, macrobusiness has a post today " Has AUD peaked" makes me more confident
n This area needs to hold which lines up with old yearly highs, if not will probably keep selling off to 77
https://www.macrobusiness.com.au/2017/11/audusd-swap-spread-inverts-first-time-16-years/ Macrobusiness actually posts something decent everyone once in a while on the AUD
If this eventuates then it takes away much of the desire of the reserve bank to keep interest rates low, and this is a good thing IMO. Although I hate a falling AUD.
It'd be a good time not to have many AUD denominated assets. Better performers would be precious metals, crypto, foreign assets ... etc. Also higher interest rates will negatively affect Australian real estate prices.
With probably some more modest falls to come. With the RBA already expected to cut further, though some of that is already priced in i would expect.
Good call SpacePete. You made this thread 5 years ago when AUD was about 0.92 You're one of the few posters I've missed around these parts
Thanks I keep getting caught up in other things these days and haven't been participating in any online forums for ages.
good call but pretty obvious AUD was worth 50 US cents back around 2003ish AUD went to 1.10 USD or about that in the wake of the GFC and TARP. 70 cents or so is more like the long term average it makes a difference if you are buying stuff from the USA or trading with the US but otherwise day to day not so much