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Forum: Canada

Jan 22nd 2008, 4:36 pm

Replies: 2,672

Exchange rate

Views: 291,730

Posted By dakota44

Re: Exchange rate

Not sure rate cuts will do sweet dick all. Fact is..low interest rates and easy credit are what brought on the problem ie: mortgaged to the hilt on homes, the values of which are now in free fall. ...

Forum: Canada

Dec 6th 2007, 3:13 am

Replies: 2,672

Exchange rate

Views: 291,730

Posted By dakota44

Re: Exchange rate

take a look at the historical prices on the link I posted. You will see that these major fluctuations are quite common. In 1977 it averaged $148. That's a much larger three year swing..even more...

Forum: Canada

Dec 6th 2007, 3:12 am

Replies: 2,672

Exchange rate

Views: 291,730

Posted By dakota44

Re: Exchange rate

it has always been up an down like a yoyo
this is a great site to find annual and monthly prices on gold, and also on other metals. http://www.kitco.com/charts/historicalgold.html

Forum: Canada

Dec 6th 2007, 3:00 am

Replies: 2,672

Exchange rate

Views: 291,730

Posted By dakota44

Re: Exchange rate

$800 an ounce gold is not much when you consider that the average price for 1980 was $612 an ounce. factor in inflation, and $800 is not at the same level as 1980

Forum: Canada

Dec 5th 2007, 5:01 pm

Replies: 2,672

Exchange rate

Views: 291,730

Posted By dakota44

Re: Exchange rate

I always get a kick out of the idea that the Loonie is "rising" against the U.S. dollar. It isn't. The U.S. dollar is "falling" to the level of the Loonie. Makes a difference.

If the U.S....

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