I was going to buy some product from the states last week.... Its still better than a couple of years ago at 65c... ahh it will come back....the price you pay for living somewhere that is this good.
FROSTY wrote:I was going to buy some product from the states last week.... Its still better than a couple of years ago at 65c... ahh it will come back....the price you pay for living somewhere that is this good.
about 8 years ago it was well under 50 cents - it's not all doom and gloom for parts by a long way.
Imagine what you would do if you knew you couldn't fail
Markets are panicing, and we can only hope they stop. Allegedly they're spooked by Kevin's Resources Tax, but I think they're all jitterey because of Greece (and Spain and Italy and so on and so on).
Fundamentally our economy is still strong, and we've still got a lot of stuff to dig out of the ground, so we should be OK. It's just strange the the greenback has got stronger, because their economy is anything but strong, and will continue that way until they manage to stop spending billions in Iraq and Afghanistan.
But yes, Europe is starting to look much better to buy parts from. CSP LED tail lights here I come 🙂
Craig
1969 Beetle - June
1974 L Bug - Gwendolyn
2002 Bora V6 4Motion - Anita
It's not the US dollar that is strong Lee, but that countries are now selling our dollar because of it's strong value to get what they can out of it. This sell-off has a roll on effect across other countries. Of course it's all centred on the GFC, so all we can do at the moment is watch. I've got another US trip coming up, but thankfully I'm not paying for it.
68AutoBugBeetle Restorer - Experience over 138\% - YIKES --
squizy wrote:It's not the US dollar that is strong Lee, but that countries are now selling our dollar because of it's strong value to get what they can out of it. This sell-off has a roll on effect across other countries. Of course it's all centred on the GFC, so all we can do at the moment is watch. I've got another US trip coming up, but thankfully I'm not paying for it.
Yes Paul
they did say that last night local time... 1am local
on the US money shows... BREAKING NEWS.... lol
something about the Aussie dollar and the Yen...
and about selling the Aussie dollar...
We can't Win....
LEE
- Helping keep Air Cooled VWs on the road - location: SCONE in the Upper Hunter Valley - Northern NSW 320 kms NNW of SYDNEY---
I have been following allot of reporting what was said above is what I am hearing too. Though the buying of the US dollar is more of a natural reaction rather than common sense, as its always been the default currency. Its more of a lemming effect. Places like australia (without being spooked by the tax) should really be gaining. But when you have a mass selling fo aussie dollars, the value will plummet.
I actually happy, I earn USD and send them home to australia. so US parts prices don't change and aussie parts become cheaper (so does my mortgage!)
I have no sympathy for my car, only the wallet that pays for it!
Go hard or go home!!!!
Craig Torrens6 times Australian, 7 times State Hillclimb Class Champion
BiX wrote:I have been following allot of reporting what was said above is what I am hearing too. Though the buying of the US dollar is more of a natural reaction rather than common sense, as its always been the default currency. Its more of a lemming effect. Places like australia (without being spooked by the tax) should really be gaining. But when you have a mass selling fo aussie dollars, the value will plummet.
I actually happy, I earn USD and send them home to australia. so US parts prices don't change and aussie parts become cheaper (so does my mortgage!)
YOUR LOCATION SAYS BRISBANE?????
LEE
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- Helping keep Air Cooled VWs on the road - location: SCONE in the Upper Hunter Valley - Northern NSW 320 kms NNW of SYDNEY---
BiX wrote:I have been following allot of reporting what was said above is what I am hearing too. Though the buying of the US dollar is more of a natural reaction rather than common sense, as its always been the default currency. Its more of a lemming effect. Places like australia (without being spooked by the tax) should really be gaining. But when you have a mass selling fo aussie dollars, the value will plummet.
I actually happy, I earn USD and send them home to australia. so US parts prices don't change and aussie parts become cheaper (so does my mortgage!)
YOUR LOCATION SAYS BRISBANE?????
LEE
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if you had a brain, you would work out that means he is earning money in USA and goes home to his family in AUS. or you could read his 1303 thread and see he just got a job in USA... just because you hate superbeetles doesn't mean you shouldn't read.
Tha Aussie dollar fall has nothing to do with the Euro situation, in fact, it was stronger because of it. There was the initial panic, but Australia was not involved in the bail out of Greece.
Gotta hand it to Team Krudd. They have spooked the mining investors on the back of weak demand for resources, basically kicking them while they are down. This mining super tax will finish them off. If it goes ahead, the miners will be back to pre-boom days(aka mid-late 90's, remember those?). They have no idea that China has bought many mines around the globe when the financial markets crashed in 08, especially in africa, so it is basically tipping the Australian market over the edge in terms of being uneconomical to purchase from.
What does this mean for us? The Aussie dollar may revisit those sub 50 cent values as it will be worth nothing without mining demand, the housing market will be tipped on its lid as demand will crash due to money entering the industry through mining falls away.... I guess it is for minimum wage earning "working australians" as Julia says.... and it will revert to just that for many- should be more like "keeping Aussies poor". It will not affect those who get off their arse and do something constructive with their lives... Thats my rant, feel free to agree or argue it. Reality is, it is already happening.
Dyno , if its Rudds fault because of the Mining tax ...... How come practically every currency has fallen against the USD?
Our vulnerability is due to our economy being based on resources. When other economies are doing well and our product in demand the AUD is strong .
When there are issues in other economies our $ is barometer to these issues. The USD and gold are old friends in troubled times and safe money flows there.
You suggest that China is buyiung mines everywhere. . they are not , they buy shares in mining companies not mines . Around the world as in Australia minerals are sovereign and owned by the state they are leased out to mining companies not owned by them,
I do believe that this government has stuffed lots up including selling this tax. Not stated is that the 40% tax is on super profits that is exceptional profit and will only be a revenue raiser when there is a boom in the mining sector when this are quite it will not apply . It also is not a fully additional tax and replaces the current state taxes imposed ( companies get a rebate or credit ) so is less of an increase than seems.
Mining companies dont own what they mine we do we should get a better share when there are "super" (ie extrordinary profits).
Lastly if mining tax was such a real threat to mining companies how come the CEO of BHP just bought himself another 2,5 M$ in shares? And one of the liberals also made large mining buys last week?
All I can say is don't get me started on Krudd and my list of purchases from the US just got put on hold. Looks like my money will be going onto the mortgage for the foreseeable future and that case of gear I was going to bring back from the US in Oct may not be happening. Fingers crossed the dollar bounces back by the end of the year when I may be over in the US......please
Yeah its a pretty big dive, I really noticed the difference between ordering my type 3 interior 3 weeks ago, and having to pay shipping now at something like 12-14c in the dollar less. Sucks but you get that, life goes on and the VW will still get done.
Not interested in politics,
1954 Oval long term project going nowhere
1958 Beetle drag car project
1959 Beetle project I need to sell one day
1969 Squareback
