41usd/37aud

Discussion in 'Silver' started by Blockhead, Jul 27, 2011.

  1. Blockhead

    Blockhead Active Member

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    silver is climbing yet it's getting cheaper. weird concept.
     
    Blockhead, Jul 27, 2011
    #1
  2. enzedda

    enzedda Member

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    Yeah, its a bit like you can buy at Downies 2 x 1/2 oz rabbits for $25 ea. but 1 x 1 oz is $54. ??
     
    enzedda, Jul 27, 2011
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  3. da-shaz

    da-shaz New Member

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    Up she goes!

    Its interesting how much attention you can pay to spot prices when you have no intention of selling in the near future...
     
    da-shaz, Jul 27, 2011
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  4. Blockhead

    Blockhead Active Member

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    as long as spot goes up faster than the aud..
     
    Blockhead, Jul 27, 2011
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  5. errol43

    errol43 New Member Silver Stacker

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    Yep Blockhead..It makes you think doesn't it...Could well see silver at $40 Au and $50US. AUSTRALIAN $1.50?

    If the US$ strengthens, silver prices could drop and we could well see parity in silver terms.

    $39oz both currencies .
     
    errol43, Jul 27, 2011
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  6. hiho

    hiho Active Member Silver Stacker

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    can you run that by me again ?
     
    hiho, Jul 27, 2011
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  7. Blockhead

    Blockhead Active Member

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    i was just reflecting that the exact same economic conditions that are causing silver spot to rise are also causing the aud to the strongest in it's history. the more both go up the more we stay in the same place. Errol was saying if we hit 1.50, silver could crack that magic $50 mark and we'd still be in the same place.
     
    Blockhead, Jul 27, 2011
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  8. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    Thats what kinda happened to the Gold holders in AUD in the last 6 months or so.
    As spot gold in USD was getting higher, the AUD vs USD was getting higher as well thereby 'neutralising' any gains in AUD.
     
    THUCYDIDES79, Jul 27, 2011
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  9. Blockhead

    Blockhead Active Member

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    i prefer to look at it as an extended opportunity to buy at a lower price
     
    Blockhead, Jul 27, 2011
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  10. goldpanner

    goldpanner New Member

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    At the moment Australia is travelling Ok but if SHTF we will be affected, there is no way we are not going to suffer one way or another, then our dollar will weaken and the Australian gold price could sky-rocket! :p

    You never know but this next month could be the last chance to buy gold below $1500 AUD - it just 'feels' like that to me - am I being too optimistic?
     
    goldpanner, Jul 27, 2011
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  11. Blockhead

    Blockhead Active Member

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    oh i agree with you completely.
     
    Blockhead, Jul 27, 2011
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  12. JulieW

    JulieW Well-Known Member Silver Stacker

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    I think that people born in Oz are close to the luckiest people in the world, and having an extended opportunity to add to Au and Ag positions at reduced cost in the present economic world underlines just how lucky we can be. She says nervously eyeing China.
     
    JulieW, Jul 27, 2011
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  13. goldpanner

    goldpanner New Member

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    Agree Julie - I feel lucky to be in Australia at the moment for many reasons !
     
    goldpanner, Jul 27, 2011
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  14. renovator

    renovator Well-Known Member

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    Yeo i agree too julie while im seeing the benefits others are seeing the negatives it cant last forever so use it to your advantage
     
    renovator, Jul 28, 2011
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