Not in particular, for the following reasons: -I'll be buying ASX listed companies (i.e. assets denominated in AUD) -PMs may be denominated in USD, but I believe the AUD will track PMs closely during the period -I don't think the AUD will drop under 80c even during GFC2 -Any cash I do not invest can be used locally The USD is practically toast, and running into a burning house for safety is the last thing I'd expect big time investors to do unless they know something we don't. If what the Russians say is true about increasing their holdings of AUD, and countries such as China continue investing in Australia, then perhaps AUD will be one of a few safe havens. I get a feeling NZD will also be rather safe, despite their natural disasters. I do hold some NZD, but I don't regard it as part of my strategy. It's more like a play on chaos.... "Can't get any worse than this!" I thought, and promptly bought at the 10 year low
wont argue the USD is practically toast - already burnt beyond hiding under a layer of butter and jam
