The dollar

Discussion in 'Australia' started by tomalophicon, Aug 7, 2011.

  1. tomalophicon

    tomalophicon Member

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    So I just checked the exchange rate.
    We are almost 1 for 1 again.
    For you financiers out there, is it time to buy film now?:munch:
     
  2. Kevin Caulfield

    Kevin Caulfield Subscriber

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    Just compare the prices online and you will see for yourself. Even when the dollar was only about 80 US cents it was still worthwhile. Now, at or near parity, it is more worthwhile, even when shipping costs are factored in.
     
  3. tomalophicon

    tomalophicon Member

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    Kevin, thanks. Yes it always makes sense to buy from the US. I'm just wondering if I should jump in now before it drops even lower. I've heard there are some problems with the US economy at the moment.
    Tom.
     
  4. brucemuir

    brucemuir Member

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    Yes, a major financial watchdog downgraded US Government credit rating from AAA to a AA+.
    First time in the history of the rating system we have not had AAA.

    What exactly this means in the sustainable future is yet to be seen but is expected to cause "issues".

    I am not an economist. :munch:
     
  5. SteveR

    SteveR Member

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    So... Is it tipped the Aussie dollar will fall further? I've really enjoyed being this far ahead of the yanks :tongue:

    ...And I want to buy some stuff too...
     
  6. tomalophicon

    tomalophicon Member

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    Well, I need some film... so it makes sense.
    Who's in for a Freestyle order??? :smile:
     
  7. jovo

    jovo Membership Council Council

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    There is a good deal of pushback toward Standard and Poor's rating service (those wonderful folks who rated subprime mortgage "assets" AAA a while ago). The other rating agencies are not following suit, nor are the markets up to now.
     
  8. 2F/2F

    2F/2F Member

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    These babies are "The New Dollar:"

    [​IMG]
     
  9. keithwms

    keithwms Member

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    It's always time to buy film :wink: Seriously. If you can afford it, buy it, store it, especially anything that may be going away (e.g. slide films in LF sizes).

    The implications of the financial situation are that some companies may need to take drastic measures. (even though quite a few large companies are on better financial footing than our governments!) This situation usually means reducing inventory, charging more for shipments, eliminating whole product lines, and refocussing on the most profitable core businesses. And, sorry (I really am), for the likes of Kodak and Fuji, film production and distribution and marketing is a net drain.

    On the other hand, we do see the likelihood of a drop in prices of most petrochemicals, following the decline of crude oil, but my guess is that no company will pass that savings on to the consumer. They seldom do :wink:

    The price of silver may well rise a bit, but the commodities have been one ridiculous bubble for a long time so I doubt that price increase will in any rational way affect film prices.

    So, the main risk factors for film are: reduced inventory, and realignment and consolidation of core business, and greater cost for shipments.

    So... yeah, buy buy buy :wink: And consider buying stock too. Many great bargains soon!
     
  10. hoffy

    hoffy Member

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    Kodak stock seems to be going cheap!

    I once heard an economist once say 'Never catch a Falling knife'. With the US now borrowing MORE money instead of trying to fix the mess they are already in, me thinks the falling knifes are still gathering speed......

    As for buying film, its always a good time!
     
  11. keithwms

    keithwms Member

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    Yes and it gets better by the day!

    Even if you don't plan to shoot it... Regarding polaroid, I remember asking the question right here on apug: "how much will the very last polaroid shot be worth?" and of course the correct answer is priceless. So I invested in some 8x10 polaroid and... suffice it to say that it worked out quite nicely for me.
     
    Last edited by a moderator: Aug 7, 2011
  12. tomalophicon

    tomalophicon Member

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    Yes, of course buying film is always a good idea.
    But I can either afford stock OR film, and stock doesn't seem like much fun.
     
  13. Jeff Kubach

    Jeff Kubach Member

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    I agree!

    Jeff
     
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  15. Steve Smith

    Steve Smith Member

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    Is AA+ bad? If I got AA+ on an exam or school report I would be very pleased!


    Steve.
     
  16. SteveR

    SteveR Member

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    :D
     
  17. tomalophicon

    tomalophicon Member

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    With marks like that you could be President. Oh wait, no...
     
  18. daleeman

    daleeman Subscriber

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    Most here in the states are fed up with the White House, the Senate and Congress. Spending like drunken sailors and S&P might be actually bold enough to speak out what the rest of the country already knows. The world knows too.

    So if your looking to pick up a film order I'd do it now, everything in the Us is about to spike we feel.

    Sad days when politicization sell out the economy for their own power.
     
  19. tomalophicon

    tomalophicon Member

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    USA - USA - USA!
     
  20. Tony Egan

    Tony Egan Subscriber

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    Based on traditional purchasing price parity analysis (aka the Big Mac test) the AUD should be worth about 0.76 USD so still plenty of room for a big drop. Demand for Australian commodities, the carry trade (AU interest rates much higher than other countries) and fundamental weakness in USD itself is propping up the AUD vs USD. As in 2008 it could drop 25 points in a heartbeat so buy now! On the other hand it could go higher in the short term but you have photos to take!

    Inflation is one way to get out of the current mess as it allows the borrowers to steal from the savers and helps close the gap on underwater asset values. It's political suicide but so is paying more tax and either way accepting a lower standard of living. Pick your poison!
     
  21. munz6869

    munz6869 Subscriber

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    When I went overseas in 2008 the AUD was as low as US$0.65 - so I'm thinking anytime this year has been awesome for buying film. I didn't hesitate to fill the fridge with plus-x before it went (in 120).

    Marc!
     
  22. NDP_2010

    NDP_2010 Member

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    I'm keen for an order if someone wants to organise it :D Stocking up some colour 120 for a trip to Germany at the end of the year.
     
  23. c.d.ewen

    c.d.ewen Subscriber

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    The political code-phrase for this (amongst the rightwingers, Murdoch, etc.) is American Exceptionalism.

    Charley
     
  24. CGW

    CGW Member

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    More like American Penury.
     
  25. tomalophicon

    tomalophicon Member

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    OK I heard our dollar is on its way down. NDP-2010 see the other thread./
     
  26. Ross Chambers

    Ross Chambers Member

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    Get in before the Norman/Lew lobby lays the GST on us.

    Visa have told the government to rack off, they are not tax collectors.

    I guess the efficiency of charging the GST without the cooperation of Visa, Paypal etc. will mean that any foreign purchases below $1,000 will have to be handled in the way that purchases above that figure are conducted, i.e. the consignment is held at the mail centre or courier depot until the GST and perhaps duties are paid, Customs or the courier company will add their fee and much time and productivity will be added to the purchase of products which in many cases (anyone selling 5x7" sheet film in Oz?) are not available locally anyway.

    But perhaps the extended bureaucratic procedure is what Gerry and co. are really aiming for as a deterrent.