/biz/ - Business & Finance

>Always add 50% when calculating the cost of something to buy from USA
>Soon will just be able to double it

Based

>>17928002
Sucks to suck, m8

Ahhh shit....

Whelp. All-In Gold I go.

>>17928002
Why aussie bucks so worthless?

>>17928002
Wait. USD is clearly being made like there isn't enough and it's the aussies dollar that loses value? That doesnt even make sense!

All in bitcoins

>>17928347
Some idiot thought an export economy based on sending RAW materials to China was a good idea, and staunchly opposed any move to diversify or improve.

>>17928364
Australia is also engaging in QE

>>17928002
yeah, you cunts are fucked.

>>17928002
she'll be roight mate

>>17928380
fucking mood

>>17928364

USD is strengthening against basically every currency, even with Jerome BRRRing like mad. People are freaking out and are desperate for US dollars because they're so liquid.

cant take advantage of the crash on international markets or crypto because if it rises it'd all be lost transferring back to AUD
just gunna buy qantas stock and hope

Seriously guys what do I do? I have 90thousand in the bank and I don't know what to do with it

>>17928504
03/19/20(Thu)03:59:58

>>17928505
03/19/20(Thu)03:59:57

Wut?

>>17928532
Buy USD

>>17928551
you had an image so even though you got their first it took time to handle it
and you're right btw, if this is happening while yanks BRRRRRR their problems away we're fucked
we''re going to experience the 2009 recession for the first time

>>17928532
Give it to me plz

>>17928393
Had no idea.

>>17928505
Lol. Also second time in the last week I saw this happen. >>17928504. Look at time posted.

>>17928380
The tragedy of /fit/

>>17928022
based efficiency minded anon

>>17928393
>>17928646
Aus only just started QE, like less than an hour ago

The aud conversion is just a bonus multiplier .

>>17928767
but i want to accumulate more

cash in hand or cash in bank, bros?

>>17928561

>>17928928
low interest rates possible withdrawal limits, possible negative interest rates
vs
no interest and 10k transaction make you a criminal, someone could rob your house. possible negative rates

>>17928002
You're almost Mexicans.

>>17928380
gymcelling summed up

>>17929081
so, cash if your house is secure?

>>17929081
it’s not illegal to have the crash on hand (yet) just illegal to spend 10k or more in one go. I reckon pull cash out, in 2014 the banks were authorised to be able to use private account holders funds to bail themselves out. If they can’t bail themselves out well enough after using your money, and still close, how are you gonna get your money back that they used to bail themselves when they’re bankrupt and closed up. Food for thought

FUCKING CHINKS

>>17929265
cash not crash** fucking phonefagging

Holy fuck, it's touching into lows of 20 years ago.

If Mnuchin doesn’t start flooding the world with dollars THIS WEEK, it’s literally over

>>17928002
This country is the most cucked country on Earth, and by extension, I am the most cucked man on Earth. Feels bad

>>17928584
Feels like 2015 again.

No wonder Trump wants to give free money, look at how much more everyone else is printing. Maybe when America turns to shit in a month I'll head to Australia and buy a mansion for 1000 dollars.

>>17929265
In your account or in hand the dollar value of fiat will be the same to you.

Picture is a cash hoarder paying 150000 marks for a cabbage

>>17928505
LMAOOOOOOOOOOO

answer me you cowards:
>>17928956

source on Australian banks being able to use private deposits to bail themselves out. Pic related for QRD
https://www.ainsliebullion.com.au/mobile/gold-silver-bullion-news/bank-bail-ins-in-australia-e2-80-93-why-your-cash-isn-e2-80-99t-safe/tabid/155/a/2070/default.aspx

>>17929351
hoard cabbages then?

YE HOWS IT FEEL YA STRAYAN CUNTS AYE!???! GOOD ON YA MATE!!! THROW ANOTHA SHRIMP ON THE BABI WHY DON YA?

>>17929351
yes i know that, what i’m saying is, when normalcy is restored, your cash will probably have value once again. If a bank eats your savings to try save itself and dies anyway, how will you get your funds back?

>>17929378
I think that's what anon is trying to suggest. I think this is the secret that the other anons are trying to cash in on.

everyone buy cabbages while they're cheap,

cabbage moon status: soon [x]

>>17929372
We only care about shitcoins here, fuck off.

>>17928505
i'll never get tired of this fucking meme
truly the boomer meme has reached its magnimopus

>>17929419
are you kidding?

I would've sworn that was always a meem.

is /biz/ literally not good for anything?

>>17928532
You should have been buying the Crypto bottom at peak panic. If you're happy to sit on an investment long term, though, it's still as good as ever. Especially as institutions just shook out a fuck load of weak hands and are now accumulating.

You still have time to buy gold, you're losing a lot of value in exchange rates though.

The stock markets are less predictable at this juncture, the question is where will the deflation end before the turbo-inflation due to unprecidented money printing.

Regardless you could look at iron ore, which hasn't been affected by the downturn as everyone expects governments to turn to construction as a politically correct stimulus option.

Anything to do with the renewable economy is worth your consideration once you think we have hit peak deflation, so that means nickel, cobalt, graphite, lithium, etc. This is for similar reasons to iron ore, essentially a call on future government action.

Biotech is the golden play this century if you are willing to do your research and take on more risk. If you want a freebie on the ASX check out dimerix (DXB) which close to completing phase 2b for DMX-200 (a kidney disease treatment) with all medical professionals choosing to keep their patients on the drug via special access schemes since phase 2a which was completed in 2017.

>>17929384
Why dont you fly a police helicopter over lord Trumps White House if you think that is so important? Not everything is about money.

The Australian dollar is not America. It is a completely different country, unbenknown to you.

BEHOLD THE NEW CURRENCY

>>17928002
Nice being in crypto during this. Eventually when I cash out, it'll be worth a lot more AUD.

I bought into BBUS hedge fund? Does Currency Hedging mean BBUS bought USD at an inflated price and is getting boned by the low Aussie dollar?

>>17929400
In the long run house always wins and betting against the global economy is just that,if you stay put you won't even incur transaction fees when thing return to normal , the smart money knows its just a flu and is treating the dip as a discount sale. If you are playing on a rigged roulette wheel knowing exactly where it stoped every time it makes sense to make a few "wrong"calls to keep people thinking that it is a random occurrence and not a predetermined outcome.

Why doesnt scomo just boom the mining?

>>17929451
fuck off reddit spacing twat stop derailing because nobody cares about your shit thread
lurk more and find out NYPA

>>17928002
Can’t wait to start seeing “Made in Australia” on all the cheap shit I buy

>>17928382
Yeah some idiot (CIA/MI6) thought giving out mining rights to foreign nation instead of having our own industry was a good idea in the 70's.

>>17929463
Don't worry I make CAD and its .69 now...

>>17928002
stock market about to close
kek

>>17928504
>Qantas stock

>>17928429
>blocks your path

I-It could be worse, r-right?

>>17929468
Let's check out the deenz and beanz currency pair, also knows as DAB.

>>17928002
Can anyone ITT do a good Patrick Bateman impersonation?

>>17929518
Made in Australia from at least 98 % Australian goods

>>17928505
people are selling things for dollars as savings. The liquidity of US dollar is becoming lower. That's why US dollar is strengthening. It's not good at all. To release the liquidity, FED need to print more money, but in the future inflation will become a serious problem.

>>17929304

It's followed a very similar pattern to the price of oil. We're seeing oil prices from 20 years ago too.

>>17928002
They got a 20/hour min wage, best in the world

>>17928380
Based

>>17928505
+

>>17929312
+

>>17929384
Too soon

>>17929468
LOL

>>17929675
LOLOL

>>17928382
That and Dutch Disease
And worthless immigrants

>>17931190
>+
>+

this isn't reddit you faggot. go back to investing shitcoins and leave us alone.

My silver arrived bros

>>17929486
Like Saudi Arabia boomed the oiling?

>>17932059

Made $300 on it in 2 days lmfao

>>17929424
True, this shit should be in art galleries

>>17932059
Congratulations on losing 25% of your money on the swap, I hope you will make it back eventually

>>17932100

5% retard. Made more than that since I bought it

Our economy was roiped.

-50%

>>17928561
While Trump aims to increase the monetary base achieved in 107 years in 40 days?
No fucking way, i will even convert my usd into argentinean pesos and buy food if the trumpbucks shit is real.