I'm from Australia. We can buy gold bullion on the Australian Stock Exchange (code:GOLD) but it is in $A. Any suggestions as to how I could borrow $US and convert to $A then buy GOLD here?
I am a bit new to trading so forgive me for being ignorant.
I'm from Australia. We can buy gold bullion on the Australian Stock Exchange (code:GOLD) but it is in $A. Any suggestions as to how I could borrow $US and convert to $A then buy GOLD here?
I am a bit new to trading so forgive me for being ignorant.
It doesn't make any difference. Gold is quoted in US$. You have AU$? Then you buy US$ with your AU$. As your natural currency is AU$ you are going to lose/gain on the FX as well as the gold.
