How would you hedge against an $AUD collapse (10c+)?
- Thread starter SpacePete
- Start date
Silver.
Gold.
10 cents???
Just for interest sake.................
USD vs AUD exchange rate in March 2001 dropped below 50 cents (31 March 2001 - 0.489)
See historical data - Exchange Rates - Monthly - July 1969 to December 2009 (Excel spreadsheet)
http://www.rba.gov.au/statistics/historical-data.html#exchange-rates
Hedge with gold or silver.
Just for interest sake.................
USD vs AUD exchange rate in March 2001 dropped below 50 cents (31 March 2001 - 0.489)
See historical data - Exchange Rates - Monthly - July 1969 to December 2009 (Excel spreadsheet)
http://www.rba.gov.au/statistics/historical-data.html#exchange-rates
Hedge with gold or silver.
I hate to point out the obvious but you could always buy USD
wrcmad said:
Whys is that?
Pirocco
Well-Known Member
A product A that serves as a hedge against another product B, requires an inverse price trend tendency between A and B.
That's all there is to say about hedges. Regardless serious or humorous.
About CFD's, it may be advisable to read this: https://en.wikipedia.org/wiki/Contract_for_difference#Exchange_traded_CFDs_in_Australia which explains some of the risks ('hedge' doesn't mean riskfree lol) and some Australia specific... ehm, things!
That's all there is to say about hedges. Regardless serious or humorous.
About CFD's, it may be advisable to read this: https://en.wikipedia.org/wiki/Contract_for_difference#Exchange_traded_CFDs_in_Australia which explains some of the risks ('hedge' doesn't mean riskfree lol) and some Australia specific... ehm, things!
TeaPot&ChopSticks
New Member
I often think about this and I would like to keep my "powder dry" and stay in cash.
What would be the best foreign cash to buy?
Norway? Singapore? Switzerland? US dollars, really?
Anyone got any ideas.
Especially the best places to buy?
What would be the best foreign cash to buy?
Norway? Singapore? Switzerland? US dollars, really?
Anyone got any ideas.
Especially the best places to buy?
It may not be as strong as it once was, but USD is still the global standard. I just travelled through Africa, and everything can be bought with USD. Some places wouldn't even accept the local currency, they insisted on USD.TeaPot&ChopSticks said:
The Euro is big, but do you have faith in European economies?
If you want a currency that may be volatile now, but should have long term gains, maybe consider the BRICS currencies?...
I guess the drawback is inflation. Physical is going to get inflated away over time, so you may want to look at interest-earning deposits or stocks in foreign currencies.
TeaPot&ChopSticks
New Member
That is why I was thinking about choosing a national currency with low inflation like Switzerland.
But it is not likely that UBS will want a bank account with few hundreds or a couple of thousand and that is why I would rather buy some currency instead.
Bank fees, Bank charges, etc always eating the monies.
But it is not likely that UBS will want a bank account with few hundreds or a couple of thousand and that is why I would rather buy some currency instead.
Bank fees, Bank charges, etc always eating the monies.