I believe there is a high chance of an uptrend in the AUDUSD over the next few years, ultimately after this trend, the AUD will likely return to 75c. historically we will see the markets top when the AUDUSD reaches/nears parity. hopefully this means we will enjoy a prosperous 2-3 years. convert AUD to USD near the top, then use USD to buy stocks during the recession to maximise returns on investments.
be patient.
inflationary pressure will make all currency worth less very fast for the next few years, so be careful with holding FIAT, tax deductible debt is better than money in this backwards world. I prefer to return to the gold standard, where money isn't based on debt, but we swim with the tide when we are not the ocean.
be patient.
inflationary pressure will make all currency worth less very fast for the next few years, so be careful with holding FIAT, tax deductible debt is better than money in this backwards world. I prefer to return to the gold standard, where money isn't based on debt, but we swim with the tide when we are not the ocean.
Comment:
Looks like they decided to crash the markets first, I believe this will still play out but there is a small chance the AUD will dip to 60 cents or more first.
Comment:
we got a retrace to a little above 60 cents, as expected, now if we get a breakout above 80 cents, I'm confident AUD can reach parity with the USD in 2-3 years. A lot of ASX stock have recovered poorly since the 2008 financial crisis, so it would be normal to have strong AUD growth while the markets in Australia out perform the s&p 500. the markets are really difficult to predict until this quarter is over, so all my posts are unconfirmed with not enough data yet, will update in April 1.
