can u lend to buy foreign currency?

  1. huninni
    4,158 Posts.
    lightbulb Created with Sketch. 226
    clock Created with Sketch.
    14/09/10
    09:13
    Post #: 7193287
    Guys, currently I have an $80k Margin Loan with NAB which I can buy stocks with.

    My question is though, can you use a Margin Loan instead of buying stocks buy either the USD or EUD instead?

    I'm really thinking of buying a whole heap of USD or EUD when and if we hit parity with the USD as I think our currency is way overvalued in my opinion long term. So what I would to do is borrow to buy heavily into one of those other currencies and also if it can be stored at the bank or whatever?

    If anyone can please help that'd be great. TIA
    Likes Created with Sketch.  Upvote
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

WNX Wellnex sees first special access scheme prescriptions for new Wellness Life brand
right-arrow Created with Sketch.
G88 Golden Mile ditches Marble Bar and Murchison tenements after weak fieldwork results
right-arrow Created with Sketch.
NEWS Appliances and furnishings impress - will Harvey Norman be next?
right-arrow Created with Sketch.
MOV MOVE Logistics picks new interim CEO to take over operations from early September
right-arrow Created with Sketch.
IMD IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent
right-arrow Created with Sketch.
AWJ Jeffrey's Find delivered $6.3M in gold sales for August, says Auric
right-arrow Created with Sketch.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.