Australia Recession incomes is down will GDP follow

Discussion in 'Markets & Economies' started by volrathy, Dec 3, 2014.

  1. volrathy

    volrathy Active Member

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    http://www.afr.com/p/national/income_recession_confirmed_as_gdp_ljjfkAYI94laDKTlEck4VJ

    I expect large scale rates cuts next year + prices of goods to go down

    Also as or dollar comes down we should be looking at silver in AUD to go upto $25 per oz
     
    volrathy, Dec 3, 2014
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  2. TheEnd

    TheEnd Well-Known Member

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    Was just about to post an article about interest rates staying at 2.5%. I reckon we are heading into a world wide deflationary cycle and 2015 will be the beginning.
     
    TheEnd, Dec 3, 2014
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  3. JulieW

    JulieW Well-Known Member Silver Stacker

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    Deutschbank agrees. They say RBA will have 2% by third quarter.
     
    JulieW, Dec 3, 2014
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  4. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    This would me my concern as a physical PM buyer. That the AUD will fall faster against the USD than silver falls against the USD meaning silver gets more expensive or at best maintains a similar level. This is why I intend on buying using USD. At least until the Fed decides to do another round of QE.
     
    Caput Lupinum, Dec 3, 2014
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  5. TheEnd

    TheEnd Well-Known Member

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    TheEnd, Dec 3, 2014
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  6. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    Scary stuff but nice for people on a fixed income...or people who are only getting 1.5% p/a wage increases :)

    I have bought some USD but not really enough to buy a decent whack of gold (I'm almost all silvered out ) if the USD price falls to 1k like some are predicting. If we see 0.88usd again I'll be buying petrodollars but otherwise I think I might take my chances with what I have. I should be trying to sell some of my silver to people in the states to collect some dollars. Ill be pissed if gold dips below 1kusd only after the aussie drops to $0.70 and I didn't buy enough usd now...heck even if gold gets stronger the worst case scenario is I have strong usd on hand.

    Related question: did local Australian prices and premiums diverge at all when the aussie was at the pathetic lows of ~$0.60? I assume people slowed down buying but was there any change in the makeup of the market? Did people switch to low premium bullion or was that seen as expensive metal and people switched to collectables?
     
    phrenzy, Dec 3, 2014
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  7. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    AKA <---------------SIDEWAYS---------------->
     
    Court Jester, Dec 3, 2014
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  8. SovereignBuyerMelbourne

    SovereignBuyerMelbourne Member

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    So I guess there was need of an emergency budget.
     
    SovereignBuyerMelbourne, Dec 3, 2014
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