Aussie dollar to drop below 66c - "benign" collapse ahead

Discussion in 'Currencies' started by SpacePete, Sep 11, 2014.

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  1. ParanoidAndroid

    ParanoidAndroid Well-Known Member

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    +2

    Get your AUD into USD or GBP while you can.

    Those 50/50 GBP coins seem like a nice little hedge. Not to mention BC which is showing massive weekly, monthly Growth and is pegged to the USD.
     
    ParanoidAndroid, Dec 16, 2015
    #181
  2. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    -1

    It never go to 50c. Who wants crumby USD anyway. It going to crash big time soon.
     
    Skyrocket, Dec 16, 2015
    #182
  3. ParanoidAndroid

    ParanoidAndroid Well-Known Member

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    AUD will crumble before the USD.

    I remember the days of sub 50c USD.

    We've been there before and could easily visit there again.
     
    ParanoidAndroid, Dec 16, 2015
    #183
  4. Silverman99

    Silverman99 Well-Known Member Silver Stacker

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    What was the current figure of debt $34B and growing

    With the decline of the $ it will become even more expensive to service the debt and without any drastic change like an increase in GST the mind boggles as to what this figure could blow out to next year

    Sub 60c I'm picking
     
    Silverman99, Dec 16, 2015
    #184
  5. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    It gets worse. If global interest rates were to rise then the cost of servicing that growing debt gets far worse.
     
    SpacePete, Dec 16, 2015
    #185
  6. systematic

    systematic Well-Known Member

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    They should have jailed those bankers during the last GFC ... they have continued to commit money laundering, tax evasion and massive fraud ... it is amazing anyone still trusts the financial system ...
     
    systematic, Dec 16, 2015
    #186
  7. systematic

    systematic Well-Known Member

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    We don't even know if those figures are accurate ... the exchange rate is rigged ....
     
    systematic, Dec 16, 2015
    #187
  8. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    69.55

    [​IMG]
     
    SpacePete, Jan 10, 2016
    #188
  9. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    SpacePete, Jan 12, 2016
    #189
  10. Silverthorn

    Silverthorn Well-Known Member

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    Silverthorn, Jan 12, 2016
    #190
  11. petey

    petey Active Member Silver Stacker

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    Good year to purchase real estate then as an overseas investor. It's already at a 30% discount.
     
    petey, Jan 12, 2016
    #191
  12. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Today I changed my super from shares to cash.
     
    sammysilver, Jan 12, 2016
    #192
  13. errol43

    errol43 New Member Silver Stacker

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    Don't worry fellow stackers, the blue team are the best of the best when it comes to financial management when dealing with the old guard of capitalism but now the corporations rule the roost...Derivatives will be safe if and when there is a bank failure(new bail in laws) ..Depositors and shareholders last in line.

    Hide your cash but where?

    Regards Errol 43
     
    errol43, Jan 12, 2016
    #193
  14. SilverDJ

    SilverDJ Well-Known Member

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    I was contemplating doing similar. Take the capital loss (you can later offset) and ride this one out.
    But it would be an emotional panic move.
     
    SilverDJ, Jan 12, 2016
    #194
  15. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    If most people did same as you we'd have 2016 stock market crash.
     
    Skyrocket, Jan 12, 2016
    #195
  16. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    If its going to happen anyway, you want to get out early before the rush to the exit. Its what RBS meant when they advised clients to sell everything now and said "In a crowded hall, exit doors are small".
     
    SpacePete, Jan 12, 2016
    #196
  17. Bit Baron

    Bit Baron Member

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    RBS and other financial firms make money regardless of if their clients are buying or selling.
     
    Bit Baron, Jan 12, 2016
    #197
  18. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    I haven't had any stocks for over a decade so bring on the crash :D
     
    Skyrocket, Jan 12, 2016
    #198
  19. kramer

    kramer Member

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    I did that 2 months ago ;)
     
    kramer, Jan 12, 2016
    #199
  20. kramer

    kramer Member

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    winning by not losing ? :D


    I also decided to put my house on the market and lock in the gains it's seen over the past 8 years I've (the bank) has owned it.
    take the chips off the table and ride this one out.
     
    kramer, Jan 12, 2016
    #200
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