FastCoyote will have his money in Australian dollars by spring 2010 - 100%
Inflation at 8.5% by December 2010
FC...1st, any of this discussion is not investment advice....
Funny you say that. After seeing Glenn last night and thinking about AU's energy independence, low unemployment and good stock market this year for over a month, I have done some cursory research on AU bond funds/ETF's and have a found a few but do not know if I can access them.
How are you doing it?
Brilliant minds think alike....
BTW something caught my eye this week and has me thinking the dollar is on it's way to tanking.
Ford is saying they will build a battery facility w/in the Wayne Truck Plant and employ 1000 between now and 2012'
My question right off the bat was why?
A friend of mine may have struck on the answer. Rather than buy from China or ? if the dollar tanks why pay a premium to buy/import from the outside. My gut feel tells me he is spot on and Team Mulally IMHO may be seeing it as well.
If so, you maybe spot on on getting out of US Dollars...
why Australia?