my brother bought a bucketload as well... but he converted it to AUD (taking a loss...he bought at 95...lol) and then bought silver a couple weeks ago...under my advice..and is now in the green. i should charge him a few $ for my services huh
My mum wanted to do this last week. I told her to buy gold instead. She ignored my advice either way. But she didn't buy any USD thank god. Slam
Everybody knows the USD is undervalued. The flight to the USD as a safe haven is inevitable. The coming deflationary spiral will depress all commodities, including silver and gold. The AUD will collapse. Now is definitely the time to sell you precious metals and buy the USD. Better be quick. It is the way it has always been.
buying US real estate with AUD seems like a good play. no rush in my view - expect prices continue march down in USD terms. to reverse the exercise somewhat: the 6%+ rates on deposit accounts seem attractive - any good strategies for US national looking for safe yield and some geo/currency diversification? most banks seem to discourage US accounts though i cannot find any legal constraint. thanks, bene
Welcome to the forum swissbene Buying US realestate with AUD good play ?!!? 6%pa attractive ?! Stick to Zurich Real Estate and the Swiss Franc for your own good.
thanks for welcome - awesome material here i have already established a good CHF position so looking for non europe geo and ccy. problem is that i have fairly large current allocation to USD deposits earning <2% blended, so moving a bit to AUD @ 6% would be welcome. my goals are basically defensive. the negative real rates on USD deposits are unsatisfactory [also some paranoia around solvency crisis]. plan was to wait for property, equities to crash neatly before destruction of USD hit high gear. but the timing has not worked - i am negative on equities at current levels. agree it is early on US real estate. so looking for alternatives vs a pretty low bar. of course metals [which happily led me here] but already moving aggressively given level/lack of experience and risk objectives. cheers -bene
Bernanke aint afraid of inflation, it's deflation that keeps him up at night. Whilst there is a federal reserve this will not happen, so go buy your USD in the long term yes you may win but in the shortterm you will gain squat
For those elsewhere, AUD investments are doing pretty well comparatively. Remember, the AUD is steady against gold, plus you get interest. So for a bit of diversity for international folks, AUstralia is a common and good suggestion.
But good news for Australian capital. Firstly, our capital is holding value better than anywhere else in the world. Our leaders are saying the right things to indicate they realize this. If you think this isn't noted internationally.... Secondly it helps us in terms of the purchasing power we have. So capital equipment etc is all less expensive. The medium term effects are no where near as bad for exporters as the exchange rate would indicate.
I am moving to Australia to escape Armageddon in America. My mom is from there and I am getting citizenship. I got some AUD below parity last month but I need a lot more, should I buy now or wait for a pull back?
It always pulls back, so I think the advice would be to save in silver and gold and then convert before you leave - or even carry what you can with you. (any smart forex traders here have a better solution?) From all accounts of the US currently it sounds like a good plan to migrate since you're able. Hedge your bets and keep your US citizenship until you're sure Oz is for you. Those Green Cards are hard to get.
i am diversifying vs time with goal to reduce volatility - small position. i am conservative and would favor this even more if large position and permanent move. personal guess AUD will continue to gain near term but def no expert. reasoning is strong AU employment vs US, recent AU pricing data, and trajectory of RBA actions. popular argument/consideration for AUD decline near/medium term is inflation & trade situation with China [as well as global commodity demand/price]. personally find these difficult to read and curious for any thoughts/analysis. interesting to me is CNY wedge between AUD imports and USD exports. on armageddon: do you mean figurative/financial environment or real disruption? if latter, what are the signals? fully agree there are huge problems but no sign of anyone doing much about it - just my perspective. very interested to understand alternate views. cheers -bene
Hmm should I just buy a couple gold ounces then sell them at a coin store over there? That is a bold move, maybe I will do it. I plan on moving there in August so gold may be up a lot by then. It would be too risky to do with silver. I simply mean at least a 10 year horrible depression and a large collapse of the standard of living.
