("Anyone care to forecast where the $ will be in 3,6 and 10 years?")
Was the loan organized 3, 6 and 10 years ago when the $AUD was way way below parity prices with the $USD?? According to the value that they locked in (at 95 cents) it wans't. And from what I know, every Financial Institutions at the time were forecasting the $AUD to go way past parity prices. Only GBG didn't.
I did as well by selling some of my $USD and the shares I had in the USA Stock Market at the time and bought $AUD instead. Now, I can buy $USD at a hell of a lot better rate with the same amount of funds, and the same would apply if I wanted to buy some US Stock. Another thing that I have learned, was not to trust Brokers and Financial Institutions in the USA. There are too many Cowboys Brokers there for my likings, that specialize in selling mountains of sands to the Arabs.
There lies your answer.
As such, no one, and I repeat no one, including Financial Institutions will be able to give you that answer. If they could, and/or most importantly, if I could, I wouldn't have to invest in the Sharemarket anymore. Everything I own would go into buying or selling dollars asap to reap the eventual rewards.
Let's keep it real. Shall we ??
For, in 3, 6, or 10 years time we may not be even around any longer, and, for what we know, GBG could be well and truly history. Who knows lol.
GBG Price at posting:
64.0¢ Sentiment: LT Buy Disclosure: Held
