Lol - ouch!
Well, if you are sure that the US dollar will stay strong in the face of literally Trillions more of them being printed, then I guess that you believe that gravity sucks things up as well!
I'm not talking about selling gold forward, I'm talking about buying currency options, which gives you the right, BUT NOT THE OBLIGATION to convert your $US denominated income to Australian dollars at a fixed rate some time in the future.
If the US dollar stays strong, you can allow the options to expire worthless, losing only the original premium paid. THIS IS ACTUALLY THE BEST CASE SCENARIO, because it means that the Aussie dollar is so weak at that time that we can use the prevailing exchange rate.
However, if the Aussie dollar goes back towards parity, which is nearly where it was only a few months ago, then having some currency hedging in place at say 75c or so will be an extremely valuable asset for the company
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holding up extremely well, page-13
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