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Thread: Shanghai starts one-year countdown to the largest expo ever

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[quote=BOBERT,367175]Hi Marrie,
Here is some advice from an octogenarian with advanced alzheimers but who still plays the stock market. The US$ is collapsing under the weight of all the money America is printing and borrowing. Nobody trusts it anymore, and with good reason. The only place to hide is in gold or other commodities. Australia is viewed as a commodity based economy. The A$ has risen from US$0.63 on March 9 this year to $US0.78 today. That's a 24% rise in a little over two months. It shows no signs of stopping yet. The RMB is virtually tied to the US$ so the A$ has appreciated against the RMB by about the same amount.

The US$ undoubtably has a lot further to fall and the RMB will follow it beacuse they are tied to each other. The A$ is allowed to fluctuate and could even reach parity soon. In July last year the $A was $US0.98 and the US$ is a lot weaker now. Take a look at this graph.

http://indexmundi.com/xrates/graph.aspx?c1=USD&c2=AUD&days=1825&lastday=20090527

Get on board Marrie!

[/quote]

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