1.93's A$ to the Pound!!!
Oct 11th 2010, 12:05 pm
#2386
Banned
Joined: Aug 2008
Posts: 22,348
Re: 1.93's A$ to the Pound!!!
I was in this position 6 months ago, we transferred our startup cash at 1.68, 1.74 and 1.78 (from memory) but only for a total of about £30,000. For startup sums we just bit the bullet, as flights where booked and we knew we'd have expenses, but for life savings its a bit more difficult.
Oct 12th 2010, 10:58 pm
#2387
Frequent Flyer Member
Joined: Jun 2007
Location: Melbourne
Posts: 10,994
Re: 1.93's A$ to the Pound!!!
$1.6028
Yahoo shows the day's range as 1.5998 - 1.6257!
Yahoo shows the day's range as 1.5998 - 1.6257!
Oct 14th 2010, 7:51 am
#2389
Account Closed
Joined: Jul 2006
Posts: 14,188
Re: 1.93's A$ to the Pound!!!
1.5966 at one point today
Oct 14th 2010, 8:06 am
#2390
Lost in BE Cyberspace
Joined: Feb 2005
Posts: 15,526
Re: 1.93's A$ to the Pound!!!
All but parity with the USD right now..@ 99.79 cents
I wonder why the buggers are charging 1.31 for petrol today, it went up from 1.15 this morning.
.
I wonder why the buggers are charging 1.31 for petrol today, it went up from 1.15 this morning.
.
Oct 14th 2010, 8:17 am
#2391
BE Forum Addict
Joined: Feb 2008
Location: Hope Island, Gold Coast
Posts: 1,920
Re: 1.93's A$ to the Pound!!!
I'm glad to be here and glad to be earning dollars, but this isn't so much about pound weakness or even Australian dollar strength. These major shifts in currency valuations are portends of big problems for the world economy and will hurt all countries in different ways, I know I'm one of the doom mongers - but this is what caused me to start buying Gold when it was $700USD/oz, about 2 short years ago.
Oct 14th 2010, 8:29 am
#2392
BE Forum Addict
Joined: Feb 2008
Location: Hope Island, Gold Coast
Posts: 1,920
Oct 14th 2010, 8:43 am
#2393
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: 1.93's A$ to the Pound!!!
I'm glad to be here and glad to be earning dollars, but this isn't so much about pound weakness or even Australian dollar strength. These major shifts in currency valuations are portends of big problems for the world economy and will hurt all countries in different ways, I know I'm one of the doom mongers - but this is what caused me to start buying Gold when it was $700USD/oz, about 2 short years ago.
Oct 14th 2010, 9:43 am
#2394
(It's not my real name)
Joined: Sep 2002
Location: Ilukapool. WA
Posts: 12,467
Re: 1.93's A$ to the Pound!!!
Gold can't be in a bubble, it's the only "real" money there is. It's priced in $USD an the $USD is in the process of collapsing.
Oct 14th 2010, 9:47 am
#2396
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Joined: Feb 2008
Location: Hope Island, Gold Coast
Posts: 1,920
Oct 14th 2010, 9:48 am
#2397
BE Forum Addict
Joined: Feb 2008
Location: Hope Island, Gold Coast
Posts: 1,920
Re: 1.93's A$ to the Pound!!!
10 year chart of Gold
A lot of this is to do with the US deliberately debasing its currency, and Japan, Brazil, Switzerland, the UK etc etc.
This has a good chance of damaging the global economy, and as a supplier Australia will not be immune.
Last edited by freebo; Oct 14th 2010 at 9:57 am.
Oct 14th 2010, 9:54 am
#2399
Account Closed
Joined: Jul 2006
Posts: 14,188
Re: 1.93's A$ to the Pound!!!
Probably, but in 1980 the US took its medicine and fixed its fiscal problems, by putting interest rates up to about 15% - its doing the opposite right now.
10 year chart of Gold
http://www.kitco.com/LFgif/au3650nys.gif
10 year chart of Gold
http://www.kitco.com/LFgif/au3650nys.gif
Oct 14th 2010, 11:17 am
#2400
BE Forum Addict
Joined: Feb 2008
Location: Hope Island, Gold Coast
Posts: 1,920
Re: 1.93's A$ to the Pound!!!
Lies, damned lies and statistics. Lets try a longer term one shall we.
http://goldprice.org/buying-gold/upl...art-757127.gif
http://goldprice.org/buying-gold/upl...art-757127.gif
BTW, that is an almost text book 'dead cat bounce' in 1980.
Last edited by freebo; Oct 14th 2010 at 11:19 am.
