Living in Oz, should I bring my money with me.....

[rorys]

What do you reckon? Moved over at the end of last year and have decided to wait out the economic doom and gloom in sunnier weather. I have a few quid back home and am becoming increasingly concerned about the ammount of cash the goverment is having to print to get us out of this mess. Surely the value of the pound is about to nose dive even further over the next few months?

So, should I just get out and stick all my cash in my ozzy accounts with the hope of making a few quid when I eventually come home? Anyone got any experience of this kind of carry on in the current climate. As you can guess, im no economist.

[Olivero]

I would recommend heading over to this site and asking on the forum. Ignore mainstream newspapers as they have precisely zero idea of what is going on. Do keep in mind that no one has a good idea what will happen long term with the FX markets - if they did they would be very, very rich.

I don't follow the AUD only USD, GBP, YEN and Rouble.

http://www.dailyfx.com/

not all rosy in Oz though - http://www.dailyfx.com/story/market_alerts/fundame...

[MudwiG]

I moved to Oz in Jan, left my money in UK account to pay off a bit of debt. I will just use money im earning here to spend now, nice here eh?

[rorys]

MudwiG said:

I moved to Oz in Jan, left my money in UK account to pay off a bit of debt. I will just use money im earning here to spend now, nice here eh?

Is indeed. Their cars are st though. I just dont get the obsession with utes, whats the point in 300 break with a 90:10 weight distribution? Nice for making black lines thats about it! Where are you?

[rorys]

Olivero said:

I would recommend heading over to this site and asking on the forum. Ignore mainstream newspapers as they have precisely zero idea of what is going on. Do keep in mind that no one has a good idea what will happen long term with the FX markets - if they did they would be very, very rich.

I don't follow the AUD only USD, GBP, YEN and Rouble.

http://www.dailyfx.com/

not all rosy in Oz though - http://www.dailyfx.com/story/market_alerts/fundame...

Cheers for that.

To be honest thats my concern, things are taking longer to hit out here. There is the feeling that the place is standing on the edge of the cliff, just not to sure how far they are going to fall yet.... I just dont think that it will be as much as the uk.

[MudwiG]

rorys said:

MudwiG said:

I moved to Oz in Jan, left my money in UK account to pay off a bit of debt. I will just use money im earning here to spend now, nice here eh?

Is indeed. Their cars are st though. I just dont get the obsession with utes, whats the point in 300 break with a 90:10 weight distribution? Nice for making black lines thats about it! Where are you?

Yeah you do get a lots of Utes for sure, I'm in Sydney and saw a nice Gallardo superleggera in orange today so you do get some nicer cars

[rsstman]

if you bring me your savings i should be able to distribute accordingly.

[*Raz*]

oooh now thats something I want to do!!!

Jealous!