AUD - Au

Discussion in 'Gold' started by hiho, Apr 15, 2013.

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  1. hiho

    hiho Active Member Silver Stacker

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    I was always looking to the A$ to gauge when the bull market may be winding down, however the $A has stayed steady through the carnage. THe only thing we can hope for if the bull market is over, is for the $A to fall to cushion the blow. Unfortunately that doesnt look feasible ATM.

    Dont know where to tip the fiat right now :(
     
    hiho, Apr 15, 2013
    #1
  2. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    The answer may lay in the current Chinese growth figures. These figures are down and below expectations. The AUD dropped 2 cents, Aussie mining stocks are down. Labor party is ripping the guts out of our economy with a number of time bombs built in to sabotage the next leadership. We may now be about to catch up with the rest of the world's negativism and take off our rose coloured glasses.

    We won't join the PIIGS but I'm sure we have a number of years of belt tightening ahead of us.

    At SS we at least have a think tank of forward thinking individuals, and how we assimilate the comments from the forum should keep many of us ahead of the game.
     
    sammysilver, Apr 15, 2013
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  3. hiho

    hiho Active Member Silver Stacker

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    sammy, that forward think tank may have resulted in a few losses recently also :( :D
     
    hiho, Apr 15, 2013
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  4. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    As you say, "loss dips, stink shit."
     
    sammysilver, Apr 15, 2013
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  5. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    This is the issue I am having.
     
    RetardedMonkey, Apr 16, 2013
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  6. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    thought you were unemployed?
     
    Yippe-Ki-Ya, Apr 16, 2013
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  7. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    :/

    What?
     
    RetardedMonkey, Apr 16, 2013
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  8. Ouch

    Ouch Active Member

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    Bank deposits are still paying 5%, or if you feel you can handle more risk, bank or Telstra shares paying dividends, property trusts or property, etc, etc. All solid income generating assets.
     
    Ouch, Apr 16, 2013
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  9. MetalMensch

    MetalMensch Member Silver Stacker

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    Yeah ...most of the bigger banks will give you around that. At least it outpaces inflation and is reasonably at call in some styles of accounts. When things are weird, sometimes staying liquid is not such a bad thing. When things look a little better you can always buy in again. Only the brave and the stupid try to pick absolute bottoms and tops (unless you're 'connected' and then you're a crook :lol: )
     
    MetalMensch, Apr 16, 2013
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  10. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Just bought 72 x 50 cent pieces, will buy more tomorrow.

    Taking the punt that we are bottoming out.
     
    sammysilver, Apr 16, 2013
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  11. Phiber

    Phiber Well-Known Member Silver Stacker

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    Same here :/
     
    Phiber, Apr 16, 2013
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  12. Cind3r

    Cind3r Active Member Silver Stacker

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    nice work, may i ask what price you got? i just grabbed 250x 50c @$8.02ea

    I took the same guess. I sold out a bunch of metal for my house reno a few days ago and got a great price, now the price has dropped so far im buying it back with change.
     
    Cind3r, Apr 16, 2013
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  13. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    $8.30 at 10:30 am.

    Looking at getting some more, sub $8 tomorrow morning.
     
    sammysilver, Apr 16, 2013
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  14. Cind3r

    Cind3r Active Member Silver Stacker

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    cool, i found a dealer that locks the metal price in at 9:30am ank keeps it like that all day. Can be useful when the dealer 2 shops down updates every 15 mins
     
    Cind3r, Apr 16, 2013
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  15. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Where you guys picking up 50s?

    I assume they're not that easy to get online/shipped lol
     
    RetardedMonkey, Apr 16, 2013
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  16. Cind3r

    Cind3r Active Member Silver Stacker

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    hahaha i just went through the coins looking for double bar ones and one coin was not a aussie 50c!!! SHOCK. thankfully it was a 1966 south africa 1 rand. woot small win for me cause its worth more than a aussie 50c
     
    Cind3r, Apr 16, 2013
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  17. Cind3r

    Cind3r Active Member Silver Stacker

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    i get mine from a bullion dealer in adelaide local pickup
     
    Cind3r, Apr 16, 2013
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  18. hiho

    hiho Active Member Silver Stacker

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    anyone told ainslie of the price drops? :rolleyes:
     
    hiho, Apr 16, 2013
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  19. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Local dealer in Sydney, picked up over counter.
     
    sammysilver, Apr 16, 2013
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  20. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Damn this over the counter stuff.

    Brisbane is shit for it.
     
    RetardedMonkey, Apr 16, 2013
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