Posted 2/1/2012 15:46 (#2199324 - in reply to #2199140) Subject: Re: Australian farmland
Pittsburg, Kansas
Yes. I don't know if it is a soft peg or a hard peg but it is pegged, although they have been slowly letting it rise in value. Very slowly.
Thing of it is, if you have lots of USD........... and they do. Not surprised they want to spend some of it and get it into assets that will hold value better.