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1.93's A$ to the Pound!!!

1.93's A$ to the Pound!!!

Old Oct 13th 2010, 10:20 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by iamthecreaturefromuranus
Isn't that like saying "the Australian housing market is different"
Err, it could be I suppose, but you'd need to elaborate...

BTW, didn't you say in another thread that the strong dollar was harming your employer, thats what this thread is about - house prices are being discussed in 57 other threads ;o)

Last edited by freebo; Oct 13th 2010 at 10:23 pm.
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Old Oct 13th 2010, 10:52 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by iamthecreaturefromuranus
Wasn't gold around $850 an ounce in 1980... and then halved in value?

That looks like a bubble to me.
Yes - and later dropped to a quarter of that.

Last edited by Amazulu; Oct 13th 2010 at 11:02 pm.
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Old Oct 13th 2010, 10:55 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by Amazulu
It hit $1000 around that time - and later dropped to a quarter of that.
Actually if you look at IamTCFUA's chart it hit about 750 (high) in the early 80's but nothing goes up (or down) forever - and that includes the Australian Dollar, my money (literally) is on Gold outperforming the dollar and all other currencies but time will tell, in the meantime its on quite a bull run.

Last edited by freebo; Oct 13th 2010 at 11:05 pm.
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Old Oct 14th 2010, 12:33 am
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Exclamation Re: 1.93's A$ to the Pound!!!

Find myself in agreement with freebo concerning the reconfiguring of the worlds economies[and not necessarily to the betterment of australia].If you like an interesting read on this subject try 'Bailout Nation'[can't remember authors name]and also 'The post catastrphie economy' by Eric Janszen.
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Old Oct 14th 2010, 11:33 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by renth
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.
Renth, you may be right but there are a million articles out there that say it is. I'm going to drop out of this debate as I don't know enough about it. All I know is, with economics nothing is certain, and depends on which 'expert' you listen to or believe.

The other thing I know is never make financial decisions about what you read on BE!
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Old Oct 14th 2010, 5:54 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by Amazulu

The other thing I know is never make financial decisions about what you read on BE!
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Old Oct 21st 2010, 4:24 am
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Default Re: 1.93's A$ to the Pound!!!

Take a look at this chart (for one year) and for several of the other compares against the AUD$. Since mid September it comes into sharp focus just how much of a torrid time the currencies have been having.
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Old Oct 21st 2010, 8:30 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by paulry
Take a look at this chart (for one year) and for several of the other compares against the AUD$. Since mid September it comes into sharp focus just how much of a torrid time the currencies have been having.
It matches this pretty well - http://www.google.co.uk/finance?q=INDEXSP:.INX

On the XE chart zoom out to 5Y - look what happened at the start of the GFC. Markets go up - AUD goes up, markets go down - AUD goes down. Even the FTSE is up 10% since July - with all the bad news in the UK, explain that one & stay fashionable!

Last edited by freebo; Oct 21st 2010 at 8:36 am.
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Old Oct 21st 2010, 10:28 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by freebo
It matches this pretty well - http://www.google.co.uk/finance?q=INDEXSP:.INX

On the XE chart zoom out to 5Y - look what happened at the start of the GFC. Markets go up - AUD goes up, markets go down - AUD goes down. Even the FTSE is up 10% since July - with all the bad news in the UK, explain that one & stay fashionable!
It's hard to know which way to turn. So frustrating.

...Oh for those heady days back in 2001
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Old Oct 21st 2010, 5:51 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by paulry
It's hard to know which way to turn. So frustrating.

...Oh for those heady days back in 2001
C'mon over - earn dollars - be happy! Thats my plan for now, but then again I'm not interested in buying a house for a while - great to be mortgage free for the first time in about 20 years.
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Old Oct 21st 2010, 6:11 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by Amazulu
Yes - and later dropped to a quarter of that.
The only way to know when gold hits it's peak is when I buy some because bollockchops here only ever buys anything at the top of a bubble. So when I do I will let it be know and you better sell fast. At the moment you are safe because I am too skint to buy any gold for the foreseable future.
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Old Oct 24th 2010, 12:22 pm
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Default Re: 1.93's A$ to the Pound!!!

I thought this was interesting

Sterling is on its arse even against Zim Currency
Attached Thumbnails 1.93's A$ to the Pound!!!-zim.bmp  
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Old Oct 24th 2010, 12:26 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by Stu Ward
I thought this was interesting

Sterling is on its arse even against Zim Currency

Isn't the ZAR the South African Rand?


S
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Old Oct 24th 2010, 12:31 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by freebo
It matches this pretty well - http://www.google.co.uk/finance?q=INDEXSP:.INX

On the XE chart zoom out to 5Y - look what happened at the start of the GFC. Markets go up - AUD goes up, markets go down - AUD goes down. Even the FTSE is up 10% since July - with all the bad news in the UK, explain that one & stay fashionable!
What you need to remember with the Uk stock market is that the vast majority of the major companies quoted, earn most of their profits from sources which are not in Sterling, hence when they remit those earnings to the UK, it´s great for them as they can report higher Sterling profits, hence the value of their shares in Sterling increases
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Old Oct 24th 2010, 12:36 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by Swerv-o
Isn't the ZAR the South African Rand?


S
Yes. This graph does not tell the whole story as it has been 20:1 to GBP in the past as well as 1.80:1 (in the early '80s).
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