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

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

  1. harry_mr

    harry_mr Member

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    What strategies will you use to lock in a high AUD assuming it should definitely fall from around .80? Precious metal has tracked the AUD up and down over recent but that should change soon too.
    I was looking at ETF's YANK or POU but just cant decide on the best way to buy and hold USD or other at the right time, anyone using Goldmoney to their advantage?
     
  2. ParanoidAndroid

    ParanoidAndroid Well-Known Member

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  3. harry_mr

    harry_mr Member

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    Im not adverse to technology and I get all the advantages of crypto but I just don't see how any of the coins are going to show price stability. I see one is backed by gold but being stored in the US so its up for confiscation when it suits and then its backed by nothing. Ill keep crypto as an option for transacting but not a reliable store of value... just yet.
     
  4. aleks

    aleks Well-Known Member Silver Stacker

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    I have been anticipating 7840 as good level for AUD to bounce off, macrobusiness has a post today " Has AUD peaked" makes me more confident
     
  5. aleks

    aleks Well-Known Member Silver Stacker

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    [​IMG]n
    This area needs to hold which lines up with old yearly highs, if not will probably keep selling off to 77
     
    Last edited: Aug 15, 2017
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  6. aleks

    aleks Well-Known Member Silver Stacker

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  7. willrocks

    willrocks Well-Known Member Silver Stacker

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    http://www.smh.com.au/business/mark...2019-says-morgan-stanley-20171120-gzpeev.html

     
  8. SilverDJ

    SilverDJ Well-Known Member

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  9. willrocks

    willrocks Well-Known Member Silver Stacker

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    It'd be a good time not to have many AUD denominated assets. Better performers would be precious metals, crypto, foreign assets ... etc.

    Also higher interest rates will negatively affect Australian real estate prices.
     
  10. SilverDJ

    SilverDJ Well-Known Member

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    I damn well hope so!
     
  11. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Hit 66c briefly overnight.
     
  12. Lovey80

    Lovey80 Well-Known Member

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    With probably some more modest falls to come. With the RBA already expected to cut further, though some of that is already priced in i would expect.
     
  13. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    Good call SpacePete. You made this thread 5 years ago when AUD was about 0.92
    You're one of the few posters I've missed around these parts ;)
     
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  14. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Thanks :) I keep getting caught up in other things these days and haven't been participating in any online forums for ages.
     
  15. kilo

    kilo Active Member Silver Stacker

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    I miss Stella Concepts commentary
     
  16. Slimey

    Slimey Active Member

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    A very prescient post back in 2014 SpacePete..........well done.
     
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  17. milled

    milled Active Member

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    good call but pretty obvious
    AUD was worth 50 US cents back around 2003ish
    AUD went to 1.10 USD or about that in the wake of the GFC and TARP.
    70 cents or so is more like the long term average
    it makes a difference if you are buying stuff from the USA or trading with the US but otherwise day to day not so much
     
  18. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    Aussies dipped below 68c... giddy up ScoMo!
     
  19. madaw1

    madaw1 Well-Known Member

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    So what? Gold went up- be happy!:):):)
     
  20. JulieW

    JulieW Well-Known Member Silver Stacker

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    Ano 0.25% from RBA and the dollar heads further down.
     

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