Kikapu wrote:Paphitis wrote:Get Real! wrote:Your Australian dollar will dwindle and you’ll probably struggle to buy a home in Astoria (read wooden shack instead of home) let alone anywhere else…you know in America you need shitloads of money to get next to nothing in return!
And I’ll be right here enjoying the popcorn…
Australian dollar is actually 16% up on the US dollar.
Which is great for buying property.
Dwindling dollar is great for me also since I will be darling USD. That means I can buy more AUD.
Sadly though, the AUD is considered to be the new global safe haven. Trillions of dollars are trickling into the Australian market by institutions like banks and pension funds. The reason for that is that international markets are perceiving Australia to be the first country to open its economy and one of the only countries that have managed to control Chy-na Virus.
That was according to last nights business report on Australian TV.
If the Australian dollar reaches parity, it’s time to buy property. When it dwindles it’s time to buy AUD. You literally got a win win Get Real. I can’t believe a person of your intelligence doesn’t have this financial acumen.
I hate to be the bearer of bad news Paphitis, but you have read the AUD/USA exchange rate table the wrong way around. The USD worth about 12% more than the AUD. But you can still afford to buy a home, I'm sure and no need to live in a Tipi in Central Park.
Erm no Kikapu. Up 16% since last month. We have been watching it.
https://www.xe.com/currencycharts/?from ... SD&view=1MAnd we are being told that it's going to continue to strengthen because the markets are spooked with the EU, US, and Switzerland's Chy-na Virus situation.
Right now, Australia and South Korea are the safest countries to be in, both for our own personal health and also financially.
And it also looks like the Australian Economy will at least open locally where everyone will be back at work and retailers will be allowed to open. The only bad thing is, it will open locally. We will still be closed down with regard to virtually every single country in the world apart from South Korea and Japan.