I know, in times of currency crisis we should buy GOL.... oh crap! No its still true.... we should buy gold and NZD Whats the point of high yeilding stocks - the 20% decline in AUD has destroyed the value of investor and super returns. Sure you still get the same 'number' of dollars... but those dollars are worth less (not worthless). In Austraia with a low dollar we will be in a major growth period for our sharemarket - after of course, all the international investors leave. WHat was that phrase Tony Abbott used.... "Australia is open for business?" Well thats right ..... we're having a closing down sale! Bad boy on the financial residential block "Private Mortgage" has forced Australia to 'belly up' the dollar in order to save from a financial meltdown in forclosures. GREAT FOR BORROWERS.... Freekin' CRAP for wise savers! Unless those wise savers bought NZD..... the pogo stick championships in currency safe havens continue
If ever you were going to buy something... do it now!!! (everything will be a whole lot more expensive next year) Tony Abbott has recharged the RBA's balance sheet and RBA Governor Glen Steven's has telegraphed his punches to the media ... he's going to sink 'the Aussie'.
I just had a look in at an SGX etf.... From what I see the companies in the SGX inflate their share structure to the moon, is that your experience altima?
Stevens et al are forcing companies (and individuals to a smaller extent) to spend capital rather than save. At the moment most businesses are on operational watch, limiting purchases and refraining from hiring in order to protect their capital until real signs of economic recovery are witnessed. THE RBA is circumventing this.
I don't have any investment in stocks in SGX at the moment. I'm just not Nuts! sav-vy enough! Edit: Why is the word sav vy a bad word?!
At my favourite burger joint a burger is $7 Where on earth does a burger cost $36, unless it's in a fancy restaurant where everything is 5 times the regular price.
Ordered an ordinary toasted ham and cheese sandwich and a tin of soft drink while I was relaxing by the pool at a 3.5 star Tahitian hotel about 8 years ago Was expecting to be slugged $15 max. Instead got a bill for around $45 when converted to Aussie currency.
Funny story i heard a while ago. A friend went to Turkey he had some family there that owned a shop selling among other things leather jackets. The leather jacket my friend was looking at was approx AU$150 so his family said thats the local price. He found that concept a bit weird. A bit later, a Swedish looking guy comes in and my friends cousin says i'm going to sell the same jacket for 500. He starts talking to the Swede and the swede asks for the price, he tells him its 500 the swede turns around and says "Look i was thinking do you have something better more expensive". So he finds another jacket same price different model and doubles the price to a 1000
The word was used (over-used) by a former (banned) member of the forum. I think the mods (and others) got tired if it being used.
The AUD is in freefall!!! WHat do we do If you have a stack of metal you are already hedged. If your stack includes semi-numismatics, you should be smiling. My advice is to fill your gas bottles and Jerry Cans before fuel gets expensive. (Ya don't want to be spending an extra few bucks on gas when you can use that money for premium Aussie snags! If you have a few construction projects that require imported timber or ceramics buy them soon before the Aussie drops. (Check exchange rates for the country the material is imported from). Maybe stock-up on some premium imported olive oil...or just wait for Woolies to have a special. Or...just don't give a "Rats-arse"...after-all... it's nearly Chrissy time and we don't have tax on bullion. H
Well, you've missed a good bit of the rise, but as I said somewhere else in late Nov, the trade that you should have been in a while ago was long GBPAUD. No need for charts for this trade. UK is doing much better than anyone dared think (and will continue to), AUD is being actively talked down by the Reserve and they want more blood. It's a one-way street. http://forums.silverstackers.com/topic-47596-what-the-fukk-is-happening-to-the-aud.html
