AUD goes past 90

tornado33 · #1 08-10-2009, 09:59 PM

Wow hasnt the Aussie dollar had a meteroic rise of late
Its now past 90 US cents as of october 9!
http://www.rba.gov.au/statistics/exchange_rates.html

Now lets see the price drops for astronomy and PC gear

Ive heard predictions the AUD will go even higher in time

DavidU (Dave) · #2 08-10-2009, 10:10 PM

Yes excellent ! At this rate we could purchase the US.
How much are they in debt?

Enchilada · #3 08-10-2009, 10:16 PM

Quote:

Originally Posted by tornado33

Wow hasnt the Aussie dollar had a meteroic rise of late
Its now past 90 US cents as of october 9!
http://www.rba.gov.au/statistics/exchange_rates.html

Now lets see the price drops for astronomy and PC gear

Ive heard predictions the AUD will go even higher in time

Let's hope the price of Apple Mac's, etc. goes down too. I mean, the $US base price for an iMac is $1199, in $A1999! Not 10:9 in ratio, but nearly darn exactly 10:6 (10.7 with 10% GST)!! Worse, the iMac is made in Asia, being closer to Australia than the US !!

Parity here we come!!

Enchilada · #4 08-10-2009, 10:18 PM

Quote:

Originally Posted by DavidU

Yes excellent ! At this rate we could purchase the US.
How much are they in debt?

Give you $20 for Nebraska!!!

matt · #5 08-10-2009, 10:19 PM

And it's over 56 UK pence....which is as high as I've seen it, I think?

Predictions are we'll reach parity with the Greenback by the middle of next year

Celestron gear will still be wildly overpriced, though

Peter Ward · #6 08-10-2009, 10:26 PM

Quote:

Originally Posted by matt

Predictions are we'll reach parity with the Greenback by the middle of next year

So are you putting down $A50k to back up the "prediction" ?

Sadly the $A has a history of losing 30% in just a week or three.

Omaroo (Chris Malikoff) · #7 08-10-2009, 10:32 PM

Don't buy telescopes - buy gold! There are plenty of people predicting a second market crash soon... and even bigger than before.

It's called a C-wave (the C's the biggest drop in A-F sawtooth, long story), anyway it's imminent and it's across the whole market - just like last year. So this could be "it". Not so much Armageddon but maybe damn close. After the 1929/30 kaboom, the next crash happened in 1932 - and the economies didn't return to the same level until 1954. I think this is that 1932 crash coming now ... makes sense because we've sped everything up through stimulation.

This last 6 months of growth have just been mass-psychology at work. It's just been a sort of bounce-back because everyone believes politicians and media when they say things are on the up and up - problem is they really haven't got a clue. Weird how people just want to hear good news and then don't think any more about it. Sigh. Actually, it did look pretty good there for a while... just a fancy delusion sadly.

How to survive - well here's the problem, with inflation (I know it seems impossible but bear with me) comes devaluation of dollars - not an Aussie dollar problem perse but the absolute death of the US$. And believe it or not we're all connected really tightly (just look at last October). Still, at least, there is that: the A$ will rule unless the govt screws up by doing what the US tells them to do (that'd never happen!). Give me a gold or silver coin over paper money any day!

So - the only stocks/shares to own are: gold, rare earths, precious metal, uranium, natural gas and not oil. That's it.

Fun, eh?

These things, and only these things, will go up over the next 12 months, probably longer. Buy these things asap: $1 in a gold stock today will be triple this time next year, the rare-earths will quadruple as they're essential for batteries, generators, mostly DC-power stuff which, for some reason, everyone's betting the farm will save the planet. Gold's safer.

OK, granted all my predictions in this area are probably on the early-side ... but this is really looking bad ... way worse than it did this time last year and irreversible. At least the Aussie dollar will exceed the US$ probably before the year's out, but that's not really the good news it sounds like.

Hmm... maybe a nice PME before I can't afford one?

tornado33 · #8 08-10-2009, 10:35 PM

Quote:

Originally Posted by Omaroo

Don't buy telescopes - buy gold! There are plenty of people predicting a second market crash soon... and even bigger than before.

Unfortunately we cannot do astronomical observations with gold bars, however, when gold is the coating on mirrors, its great for observing in the infra red

matt · #9 08-10-2009, 10:51 PM

Quote:

Originally Posted by Peter Ward

So are you putting down $A50k to back up the "prediction" ?

Sadly the $A has a history of losing 30% in just a week or three.

It's not my prediction, mate

matt · #10 08-10-2009, 10:57 PM

Quote:

Originally Posted by Omaroo

Don't buy telescopes - buy gold! There are plenty of people predicting a second market crash soon... and even bigger than before.

It's called a C-wave (the C's the biggest drop in A-F sawtooth, long story), anyway it's imminent and it's across the whole market - just like last year. So this could be "it". Not so much Armageddon but maybe damn close. After the 1929/30 kaboom, the next crash happened in 1932 - and the economies didn't return to the same level until 1954. I think this is that 1932 crash coming now ... makes sense because we've sped everything up through stimulation.

This last 6 months of growth have just been mass-psychology at work. It's just been a sort of bounce-back because everyone believes politicians and media when they say things are on the up and up - problem is those turkeys haven't got a clue. Weird how people just want to hear good news and then don't think any more about it. Sigh. Actually, it did look pretty good there for a while... just a fancy delusion sadly.

How to survive - well here's the problem, with inflation (I know it seems impossible but bear with me) comes devaluation of dollars - not an Aussie dollar problem perse but the absolute death of the US$. And believe it or not we're all connected really tightly (just look at last October). Still, at least, there is that: the A$ will rule unless the govt screws up by doing what the US tells them to do (that'd never happen!). Give me a gold or silver coin over paper money any day!

So - the only stocks/shares to own are: gold, rare earths, precious metal, uranium, natural gas and not oil. That's it.

Fun, eh?

These things, and only these things, will go up over the next 12 months, probably longer. Buy these things asap: $1 in a gold stock today will be triple this time next year, the rare-earths will quadruple as they're essential for batteries, generators, mostly DC-power stuff which, for some reason, everyone's betting the farm will save the planet. Gold's safer.

OK, granted all my predictions in this area are probably on the early-side ... but this is really looking bad ... way worse than it did this time last year and irreversible. At least the Aussie dollar will exceed the US$ probably before the year's out, but that's not really the good news it sounds like.

Hmm... maybe a nice PME before I can't afford one?

Holy crap!!!!!!!!!!!!!

Everyone race out and buy golden uranium batteries...right now!!!!!

That's some fancy-pants predictin' their Tex. We'll revisit this post in 12 months' time and see who's the turkey

norm · #11 08-10-2009, 11:00 PM

I'm with Chris here with the death of the US$....its gonna be scary

.

I just cannot fathom the amount of debt they're in.

Norm

matt · #12 08-10-2009, 11:10 PM

Quote:

Originally Posted by norm

I'm with Chris here with the death of the US$....its gonna be scary

.

I just cannot fathom the amount of debt they're in.

Norm

Yeah...it's gotta be teetering on a knife edge.

I guess the question is how do we brace ourselves? In fact, how do we flourish? Because you can view these sorts of events as a disaster or an opportunity.

I guess we've got too much of our financial/economic threads tied up with the US to avoid significant damage?

It makes you appreciate the sense of forging greater ties with Asia and pointing more of our economic 'ships'in that direction.

Omaroo (Chris Malikoff) · #13 08-10-2009, 11:10 PM

Quote:

Originally Posted by matt

Holy crap!!!!!!!!!!!!!

Everyone race out and buy golden uranium batteries...right now!!!!!

That's some fancy-pants predictin' their Tex. We'll revisit this post in 12 months' time and see who's the turkey

I really hope that I "gobble gobble" all the way home because I'm wrong Matt. I really do.

matt · #14 08-10-2009, 11:11 PM

Quote:

Originally Posted by Omaroo

I really hope that I "gobble gobble" all the way home because I'm wrong Matt. I really do.

Me too, mate. Me too

But there's more than a skerrick of truth in what you're saying.

stephenb (Stephen) · #15 08-10-2009, 11:15 PM

Chris, if I take on your "prediction" as a hyporthetical (you sound well versed in this topic than I am), from history of past major crashes, what is the trend for interest rates then? Because there is talk of them commencing an upward trend?

Enchilada · #16 08-10-2009, 11:29 PM

Quote:

Originally Posted by matt

Holy crap!!!!!!!!!!!!!
Everyone race out and buy golden uranium batteries...right now!!!!!

Are you sure you guys aren't Ferengi ???

You know, worship the; "Blessed Exchequer", go to the "Divine Treasury" and try to avoid the "Vault of Eternal Destitution."

Next you'll be talking of gold-pressed latinum !!!

I know. It's in the lobes...

Rules of Acquisition

No.9 "Opportunity plus instinct equals profit." or
No.22 "A wise man can hear profit in the wind.

matt · #17 08-10-2009, 11:30 PM

Quote:

Originally Posted by Enchilada

Are you sure you guys aren't Ferengi ???

Not the last time I checked...in the shower!

picklesrules (Nicholas) · #18 08-10-2009, 11:33 PM

Quote:

Originally Posted by DavidU

Yes excellent ! At this rate we could purchase the US.
How much are they in debt?

1.4 trillion i believe on latest figures

Omaroo (Chris Malikoff) · #19 08-10-2009, 11:36 PM

Quote:

Originally Posted by glenluceskies

Chris, if I take on your "prediction" as a hyporthetical (you sound well versed in this topic than I am), from history of past major crashes, what is the trend for interest rates then? Because there is talk of them commencing an upward trend?

I trust that modern politicians will heed the lesson that Hoover provided in 1929 when he didn't raise interest rates as he should have to curb borrowing. Debt in the upper classes spiralled out of control as they were the only ones who could afford it. Today we can all over-borrow and the banks are keen to please. To answer your question I reckon interest rares will have to rise substantially. Only my opinion, and a guess at best.

matt · #20 08-10-2009, 11:48 PM

Quote:

Originally Posted by Omaroo

To answer your question I reckon interest rares will have to rise substantially. Only my opinion, and a guess at best.

And a fair guess. The brake's need to be applied before things start to overheat. It'd be too easy for the economy to start running away from us with the talk of things being already on the mend and the Fed Govt pumping more stimulus in.