I purchased some physical gold from the Perth Mint about a year ago. Since then, although gold prices have gone up, the AUD has also strengthened against the USD, so my gold has remained relatively flat for the past year.
I am not sure what to do with it now, as the trend appears to be that the AUD may reach parity with the USD some time next year. I guess if that happens, gold will have to jump a lot for me to re-coup my initial purchase when the AUD was .82c against the USD.
I am sure I am not the only one in this situation. Any thoughts on this matter?
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