Hi,
What is the best approach to capatilise from an imminent national currency crash?
I'm looking at Australia where property prices have gone way up in recent years and price of a beer has quadrupled.
We know what happens to a bubble when it gets to that stage. It draws parallels with Ireland in 2008.
Main difference is that Australia has its own currency so may de-value it. I don't know if this means their stock exchange would maintain value or would it still go down also.
Given that this could be a few years before the crash in Australia, what is the best way to capatalise from this?
ForEx trading seems difficult as there is a daily cost so a 2 or 3 year wait is not realistic.
Would hedge betting on the Australian index be best?
many thanks,