What's your prediction on the Australian Dollar?

[RSD]

I gave up faith in the AUD as it fell behind Canada and NZ - and even GBP that deserves a Keating S-Bend correction. I moved a large chunk into gold ETF (PMGOLD) years ago with three monthly increases and some to a US credit union at 67 cents or better paying more interest as well. Only to discover USA hotel prices are through the roof in refugee cities like NYC. I suggest super funds will NOT be building housing, given no building inspectors seem to do their job strictly. Oh the body corporate fees for (balcony concrete rot), roof leaks, structural cracking, and now pets, and rent caps. This will continue - as retirees don't believe the numbers being told.

Hard to believe that three months ago the dollar was creeping above 69 cents....

 

[ethernet]

Hard to believe that three months ago the dollar was creeping above 69 cents....

I once compared 5 year performance of Philippine Peso Vs AUD. It seems certain retired pensioners there have not lost, and their bank accounts totally secret, with healthy interest. Back to gold, a 31% odd return in a year - not bad at all. BTW the banking multiplier for loaned money also tanks if more people stick 5% in precious metals.