The AUD is in freefall!!! WHat do we do

Discussion in 'Currencies' started by SilverSanchez, Dec 18, 2013.

  1. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,662
    Likes Received:
    13
    Trophy Points:
    38
    Location:
    Melbourne
    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
     
  2. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

    Joined:
    Feb 26, 2010
    Messages:
    9,074
    Likes Received:
    79
    Trophy Points:
    48
    Location:
    Gone Fishin'
    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'.
     
  3. Altima

    Altima Well-Known Member Silver Stacker

    Joined:
    Feb 7, 2013
    Messages:
    4,200
    Likes Received:
    54
    Trophy Points:
    48
    Location:
    Canada/Singapore
    Oh wow. AUD is almost reaching parity with SGD.

    Should start planning for a holiday down under!
     
  4. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,662
    Likes Received:
    13
    Trophy Points:
    38
    Location:
    Melbourne
    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?
     
  5. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    22,191
    Likes Received:
    5,008
    Trophy Points:
    113
    Location:
    昆士蘭

    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.
     
  6. Altima

    Altima Well-Known Member Silver Stacker

    Joined:
    Feb 7, 2013
    Messages:
    4,200
    Likes Received:
    54
    Trophy Points:
    48
    Location:
    Canada/Singapore
    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?!
     
  7. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,515
    Likes Received:
    3,365
    Trophy Points:
    113
    Location:
    Australia
    sovereignman.com

     
  8. Peter

    Peter Well-Known Member

    Joined:
    Jul 28, 2009
    Messages:
    2,662
    Likes Received:
    116
    Trophy Points:
    63
    Location:
    sydney
    What do we do?
    Buy pms.
     
  9. willrocks

    willrocks Well-Known Member Silver Stacker

    Joined:
    May 10, 2012
    Messages:
    7,835
    Likes Received:
    5,985
    Trophy Points:
    113
    Stand back and laugh!
     
  10. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,515
    Likes Received:
    3,365
    Trophy Points:
    113
    Location:
    Australia
    PM's with dollar near parity was so nice.
     
  11. trew

    trew Active Member Silver Stacker

    Joined:
    Aug 24, 2011
    Messages:
    3,754
    Likes Received:
    7
    Trophy Points:
    38
    Location:
    Melbern
    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.
     
  12. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

    Joined:
    Jul 1, 2009
    Messages:
    7,103
    Likes Received:
    4,496
    Trophy Points:
    113
    Location:
    Sydney
    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. :(
     
  13. Argentum

    Argentum Well-Known Member

    Joined:
    Nov 7, 2010
    Messages:
    1,972
    Likes Received:
    37
    Trophy Points:
    48
    Location:
    Australia
    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
     
  14. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

    Joined:
    Feb 26, 2010
    Messages:
    9,074
    Likes Received:
    79
    Trophy Points:
    48
    Location:
    Gone Fishin'
    A 1 litre bottle of Fuji water costs $10 from the mini bar at Brisbane's Novatel :O
     
  15. whinfell

    whinfell Well-Known Member Silver Stacker

    Joined:
    Mar 22, 2012
    Messages:
    3,348
    Likes Received:
    112
    Trophy Points:
    63
    Location:
    Australia
    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.
     
  16. Argentum

    Argentum Well-Known Member

    Joined:
    Nov 7, 2010
    Messages:
    1,972
    Likes Received:
    37
    Trophy Points:
    48
    Location:
    Australia
    Love the death star CC
     
  17. Holdfast

    Holdfast Well-Known Member Silver Stacker

    Joined:
    Oct 15, 2009
    Messages:
    4,653
    Likes Received:
    1,092
    Trophy Points:
    113
    Location:
    Australia
    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. :D

    Or...just don't give a "Rats-arse"...after-all... it's nearly Chrissy time and we don't have tax on bullion. :cool: :D

    H
     
  18. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

    Joined:
    Oct 31, 2011
    Messages:
    7,254
    Likes Received:
    742
    Trophy Points:
    113
    Location:
    bosis
    At my favourite burger joint a joint is $7. :p
     
  19. jparrie

    jparrie Member

    Joined:
    Apr 12, 2011
    Messages:
    760
    Likes Received:
    2
    Trophy Points:
    18
    Location:
    Australia
    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
     
  20. AngloSaxon

    AngloSaxon Active Member

    Joined:
    Oct 26, 2012
    Messages:
    1,812
    Likes Received:
    2
    Trophy Points:
    38
    Location:
    Sydney
    Are they having a laugh?
     

Share This Page