was speaking to a bloke from greece who borrowed yen at 0.5% to buy in Euro before all the brown stuff hit the fan, that has to be hurting a bit now! On the flip side i'd say selling USD based currency for property in AUD might be at least an even hedge at the moment. I read somewhere on HC that the chinese were buying up property at the moment. On a larger scale they're trying to buy up our mining companies aren't they, same concept.
as for borrowing from an overseas bank, they'd have to be nuts to hand over money to anyone that wasn't within their own legal jurisdiction should they default or just decide not to pay.
DOT Price at posting:
$1.22 Sentiment: Hold Disclosure: Held
