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You don't need to move to Australia. I opened an Australian bank account precisely for this purpose. All I had to do was travel to their branch in London to ide
by manmanic 17y ago
You don't need to move to Australia. I opened an Australian bank account precisely for this purpose. All I had to do was travel to their branch in London to identify myself.
Apart from high interest rates, there are other advantages to AUD: low government debt, and a commodity-rich country that is likely to thrive if things get tough for the world.
I also bought AUD from USD when it was 10% undervalued according to PPP, so that's already a 40% gain in USD terms:
http://fx.sauder.ubc.ca/PPP.html http://fx.sauder.ubc.ca/PPP.html