The Aussie Pinball Arcade
Aussie Pinball Forums => General Chat - Non Pinball/coin-opp Discussion => Topic started by: delarge on May 11, 2013, 10:01:42 PM
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With the pricing on Stern pins, how long can AMD keep the current price firm?
Last May in the ACDC thread, I predicted that the Aussie $ will drop to 70c US this year.The way things are heading, my crystal ball gazing may prove me correct. The question on how many Metallicas will sell in Oz will be determined by what price will they sell for?
I am sure they will not stay at the current price if the dollar keeps heading south. The price sweet spot for NIBs may be disappearing fast unless Sterns are made in China or locally assembled.
Are Stern Pro models now priced at a point that if they go any higher, people will stop buying them? I think $5950 was a great price for AC/DC. Maybe the Australian prices are at a point where they will stay despite a drop in the Aussie dollar? Would be interested to hear people's thoughts.
I don't see how the Australian dollar could drop to 70c within the next 7 months, but I'm not an economist. Any reason?
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cant see the dollar dive like that, chances are like gws football club winning afl grand final this year. if you can predict that big a dip why work, play the money market less taxing on the body
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No one can be right or wrong about our dollar because its all rigged by people with billions of dollars.
Aussie BNIB prices were only supposed to go up $100 but they went up a bit more, probably to cover the dollar this next 12 months, smart move by AMD cause the dollar was at $1.16, now its at $1.01. Pray it doesn't hit 70 cents or we will all be completely farked in many many more ways than one.
I cant see AMD putting prices up for another 12 months after the recent 5 percent increase cause of the slowing aussie dollar. Pray I am right pinball lovers.
Any new news from the AMD Metallica launch on any sites anywhere ?? !@# I should have gone, I was really keen, but the wife made me take rubbish to the tip, that was dam exciting, NOT ! @.@
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I don't see how the Australian dollar could drop to 70c within the next 7 months, but I'm not an economist. Any reason?
1. The Aussie dollar was down there before, infact down to 67c.
2. The wind has come out of China's economic sails.
3. The US economy is picking up.
4. The mining boom is near its end.
5. The Australian Government is in the red.
6. The RBA has hinted at more cuts, probably 3 more @ .25% this year.
7. AUS manufacturers and exporters, farmers, beef farmers and car makers are struggling.
8. Low company profits and smaller payee tax revenue has lowered government income.
9. Economists have been saying for several years that the AUS dollar is over valued.
10. Price of gold and other mining resources has been dropping. AUS dollar is closely tied to their price movement.
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I don't see how the Australian dollar could drop to 70c within the next 7 months, but I'm not an economist. Any reason?
1. The Aussie dollar was down there before, infact down to 67c.
2. The wind has come out of China's economic sails.
3. The US economy is picking up.
4. The mining boom is near its end.
5. The Australian Government is in the red.
6. The RBA has hinted at more cuts, probably 3 more @ .25% this year.
7. AUS manufacturers and exporters, farmers, beef farmers and car makers are struggling.
8. Low company profits and smaller payee tax revenue has lowered government income.
9. Economists have been saying for several years that the AUS dollar is over valued.
10. Price of gold and other mining resources has been dropping. AUS dollar is closely tied to their price movement.
Absolutely..... AU$ has been on an inflated high for the last couple of years and im afraid this isnt how the balance in the world economy works... everything is bought and sold in US$ which means it is VERY hard for us to sell overseas as we are now too expensive.. we should be down to around 75 - 80c against US$... high AU$ means cheaper imports which kills off domestic manufacture.. all in all, a high dollar sees us go backwards in the long run. There is now a push to bring our dollar down and down it will come.. lower interest rates to boost manufacture and retail sales again implemented.
Problem here is that Australians have now embraced OS online shopping which kills domestic retail... wouldnt be suprised if this is taxed in the near future.
So yes... NIB prices will only rise in the future, but in saying that, we should all be a bit better off anyway due to increased domestic sales.. oh hang on, we have a deficit to pay off.. so scrap that last statement.
NIB prices WILL increase
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I don't see how the Australian dollar could drop to 70c within the next 7 months, but I'm not an economist. Any reason?
1. The Aussie dollar was down there before, infact down to 67c.
2. The wind has come out of China's economic sails.
3. The US economy is picking up.
4. The mining boom is near its end.
5. The Australian Government is in the red.
6. The RBA has hinted at more cuts, probably 3 more @ .25% this year.
7. AUS manufacturers and exporters, farmers, beef farmers and car makers are struggling.
8. Low company profits and smaller payee tax revenue has lowered government income.
9. Economists have been saying for several years that the AUS dollar is over valued.
10. Price of gold and other mining resources has been dropping. AUS dollar is closely tied to their price movement.
Absolutely..... AU$ has been on an inflated high for the last couple of years and im afraid this isnt how the balance in the world economy works... everything is bought and sold in US$ which means it is VERY hard for us to sell overseas as we are now too expensive.. we should be down to around 75 - 80c against US$... high AU$ means cheaper imports which kills off domestic manufacture.. all in all, a high dollar sees us go backwards in the long run. There is now a push to bring our dollar down and down it will come.. lower interest rates to boost manufacture and retail sales again implemented.
Problem here is that Australians have now embraced OS online shopping which kills domestic retail... wouldnt be suprised if this is taxed in the near future.
So yes... NIB prices will only rise in the future, but in saying that, we should all be a bit better off anyway due to increased domestic sales.. oh hang on, we have a deficit to pay off.. so scrap that last statement.
NIB prices WILL increase
+1
The AUD appreciated against the USD from less than $0.50 in 2001 to over US $1.10 in 2011.
Since the GFC our strong economic performance (mostly from mining boom exports) has also kept interest rates close to “normal” levels while most advanced economies are close to zero.
The cut the other day to interest rates (and the expected further ones this year) are mainly aimed at devaluing the dollar.
Can't see NIB prices coming down too soon.
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The only thing about saying that the aussie dollar will return back to very low levels of 70 cents etc, that I just cant see IMO, is the fact that the American dollar has never been so low for so very long, and its not getting any better in any significant way, so I don't see the aussie dollar getting much worse at all.
It was a different world before with the American dollar being massively high compared to our aussie dollar, so I don't see the same old rules applying anymore.
The world is just soo different now economically, I cant see old trends applying when the USA is still in a very deep hole which will take 5 years to 10 years to climb out of. China is still doing exceptionally well, but has slowed about 30 percent, no where enough to bring our dollar down more than it is now IMO.
I am now a betting man, but I would bet on this.
I bet when the liberal party gets back into party, our aussie dollar will go back to 1.07 . 1.08 ish.
Why, because the USA will renew some sort of uranium export deal, or something military behind closed doors, and the people in charge will manipulate the aussie dollar back up somehow. Whenever the Liberal Party has got in before, the aussie dollar always seems to climb.
and AMD has already put prices up by 5 percent, so I don't think they will go back up for at least another 12 months.
If the USA gets slightly better, Stern wont have a reason to have to put prices up again either, espescially since they also just put their prices up as well.
Time will tell.
Still no news from the Metallica launch...
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Sorry, I have not been watching this thread
But why is a pinball about economics so popular?
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Sorry, I have not been watching this thread
But why is a pinball about economics so popular?
+1
What is happening re gameplay and code, that is all I care about now regarding this pin.
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Sorry, I have not been watching this thread
But why is a pinball about economics so popular?
we all got bored waiting for some news about Metallica so we discussed world economics, linked to pinball prices increasing or not ? %.%
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Less $$ speculation and more pinball/gameplay info.
^^^
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Less $$ speculation and more pinball/gameplay info.
^^^
totally agree, start a new thread otherwise people won't visit this one.
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OH YEAH! Time to start saving for Metallica....Xmas for me perhaps? Too many good pinball machines coming out!
Three of the biggest factors in choosing a NIB are gameplay, looks and pricing.
Economics are not trivial and waiting to save up for Christmas could mean paying $500 - $1000 more than buying right now. I am saying that the NIB price sweet spot may be here right now and any moves up in price would make some think twice about a purchase.
This post is titled Metalica - Stern - Release 2013. At the start of the thread everyone was speculating on sound, play and looks of Metallica. What is wrong with speculating on economics?
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OH YEAH! Time to start saving for Metallica....Xmas for me perhaps? Too many good pinball machines coming out!
Three of the biggest factors in choosing a NIB are gameplay, looks and pricing.
Economics are not trivial and waiting to save up for Christmas could mean paying $500 - $1000 more than buying right now. I am saying that the NIB price sweet spot may be here right now and any moves up in price would make some think twice about a purchase.
This post is titled Metalica - Stern - Release 2013. At the start of the thread everyone was speculating on sound, play and looks of Metallica. What is wrong with speculating on economics?
This machine is ticking all the boxes for me. Metallica was one of the first bands I got into when I was a kid. I was worried that it would be a black cabinet with Rolling Stones-esque stage action shots of the band and was iffy before it come out. The whole art package wasn't what I expected at all. I knew I'd like the music and the playfield/gameplay looks like a definite winner even before I've played it. I love my AC/DC still and play it pretty much every day. This will complement AC/DC I reckon. Something to work towards anyway.
I'm an eternal optimist and don't see the cost of the Pro moving from what it is now. We all thought the price of AC/DC couldn't last at $5950...and 12 months onwards, it's still $5950. The only time I'd be worried about a price rise is when Stern changes hardware or adds extra features like an LCD. As I said, I'm an eternal optimist...
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OH YEAH! Time to start saving for Metallica....Xmas for me perhaps? Too many good pinball machines coming out!
Three of the biggest factors in choosing a NIB are gameplay, looks and pricing.
Economics are not trivial and waiting to save up for Christmas could mean paying $500 - $1000 more than buying right now. I am saying that the NIB price sweet spot may be here right now and any moves up in price would make some think twice about a purchase.
This post is titled Metalica - Stern - Release 2013. At the start of the thread everyone was speculating on sound, play and looks of Metallica. What is wrong with speculating on economics?
discuss n talk about what u want.
its linked to metallica pricing so its relevant for those who enjoy reading it.
I would love to add videos n photos of the metallica AMD launch but sadly I didn't go this time thinking someone else would do it,
otherwise i certainly would be adding lots of great stuff like i did for the acdc launch. oh well, next time.
hoping some stuff filters thru over the coming week otherwise I will just fly down, visit AMD, take some photos n video and check out the metallica game.
sometimes I come in handy for something.lol
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Sorry, I have not been watching this thread
But why is a pinball about economics so popular?
sorry mate, don't know if there was a site glitch or f@#king tablet tech issues, but I thought I read a comment by freiherr somewhere and made a simple comment. Now it looks like I started a new thread.......hmmm don't know how or why
I just thought the comment was a little alarming but may have misinterpreted that the dollar will hit 70 cents this month and thought no way
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Sorry, I have not been watching this thread
But why is a pinball about economics so popular?
sorry mate, don't know if there was a site glitch or f@#king tablet tech issues, but I thought I read a comment by freiherr somewhere and made a simple comment. Now it looks like I started a new thread.......hmmm don't know how or why
I just thought the comment was a little alarming but may have misinterpreted that the dollar will hit 70 cents this month and thought no way
Not this month.......I said this year.
Wait and see what happens after this week's budget and then again after September election.
A former prime minister once said we were a banana republic. Let us wait and see.
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Sorry, I have not been watching this thread
But why is a pinball about economics so popular?
sorry mate, don't know if there was a site glitch or f@#king tablet tech issues, but I thought I read a comment by freiherr somewhere and made a simple comment. Now it looks like I started a new thread.......hmmm don't know how or why
I just thought the comment was a little alarming but may have misinterpreted that the dollar will hit 70 cents this month and thought no way
Not this month.......I said this year.
Wait and see what happens after this week's budget and then again after September election.
A former prime minister once said we were a banana republic. Let us wait and see.
will do thanks, I thought I misinterpreted. Looks like my tablet is playing up as my replies are back where I thought they'd be
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The topic was split to avoid the diversions from the OP. The Aussie Dollar has nothing to do with the Metallica Pinball.
Discussion about the Aussie Dollar is a worthwhile discussion in context of it's own thread ^^^
This thread would be buried in the Metallica thread and the useful contributions would not be able to be referenced. I think it is a good idea to post the value of the dollar and note the price drops / hikes at each Stern / JPP release.
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The topic was split to avoid the diversions from the OP. The Aussie Dollar has nothing to do with the Metallica Pinball.
Discussion about the Aussie Dollar is a worthwhile discussion in context of it's own thread ^^^
This thread would be buried in the Metallica thread and the useful contributions would not be able to be referenced. I think it is a good idea to post the value of the dollar and note the price drops / hikes at each Stern / JPP release.
Good point as the dollar value not only affects NIB buys but also spare parts and overseas used pinball buys. You never know, one day a low A $ may even encourage some local pinball production and/or assembly.
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cant see the dollar dive like that, chances are like gws football club winning afl grand final this year. if you can predict that big a dip why work, play the money market less taxing on the body
6c dive in 7 days, would you like the football tips also?
P.S. I do play the money market at night and enjoy playing pinball during the day. I stand by my prediction which I posted 12 months ago on another thread. My biggest headache right now is predicting the NIB price for Star Trek.
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Happy to bet on gws, but what is the time frame for the drop to 50c? Had to lay off some people last week and would like to avoid doing this if things are going to change this dramatically.
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Happy to bet on gws, but what is the time frame for the drop to 50c? Had to lay off some people last week and would like to avoid doing this if things are going to change this dramatically.
I said 67c, but more likely 75c over next 12 months.
In regards to lay offs, the horse has already bolted. Many companies have laid off workers over the past 2 years, Telstra this week, Ford over next 2 years, to name a couple.
http://mobile.news.com.au/business/ford-australia-to-shut-broadmeadows-car-factory-geelong-engine-plant/story-e6frfm1i-1226648895882
Combine the falling dollar with a dependance on imports and we will really be up the creek without a paddle.
My tip is to keep the old pinnies alive and in good nick, they will hold their value if NIB numbers drop over the next few years.
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It is a real shame, to have a huge employer like fords closing down. The past Australian government have killed manufacturing in Australia, with things like free trade agreements where we get the raw end of the stick. If you want to drive a European car you should have to pay a premium for it, it should not be cheaper than an Aussie produced car. I'm happy to pay a little more for that huge tv I don't really need if it keeps me, you, and in the future my kids, in full time employment.
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Happy to bet on gws, but what is the time frame for the drop to 50c? Had to lay off some people last week and would like to avoid doing this if things are going to change this dramatically.
I said 67c, but more likely 75c over next 12 months.
In regards to lay offs, the horse has already bolted. Many companies have laid off workers over the past 2 years, Telstra this week, Ford over next 2 years, to name a couple.
http://mobile.news.com.au/business/ford-australia-to-shut-broadmeadows-car-factory-geelong-engine-plant/story-e6frfm1i-1226648895882
Combine the falling dollar with a dependance on imports and we will really be up the creek without a paddle.
My tip is to keep the old pinnies alive and in good nick, they will hold their value if NIB numbers drop over the next few years.
thanks mate
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Some more analysts have come out with predictions close to what I posted 12 months ago.
http://m.theaustralian.com.au/business/markets/analysts-warn-dollar-could-sink-to-80-us-cents-within-three-months/story-e6frg916-1226659429583
I doubt that NIBs will be on my shopping list for a while the way things are headed.
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Looks like it
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Further updates point to a gloomy dollar.
http://m.theaustralian.com.au/business/markets/credit-suisse-slashes-dollar-call-to-us75c/story-e6frg916-1226674525413
The graph has not even reached the Qld border, wait till it gets to Vic !
Keep your V8s well tuned and maintained, make online buys from overseas sooner than later and look for a job with a manufacturer of exports (if you can still find one).
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And buy your new in box pinball machines now....they've just had a price rise!
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And I'm going for a job with a importer ^&^ I think I might put a bet on a horse with three legs next @.@
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Gone of the days when NIB games priced at $5,950?
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Looks like it!
Has anyone tracked the pricing of new in box Stern machines over the past 10 years? Just wondering how much say...a Simpsons Pinball Party cost when it was first released vs. what a machine costs now.
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Looks like it!
Has anyone tracked the pricing of new in box Stern machines over the past 10 years? Just wondering how much say...a Simpsons Pinball Party cost when it was first released vs. what a machine costs now.
Great point - because back then in early 2000's the dollar was very low I think , just like the predictions are saying it is heading towards in this thread.
Would be a worthy comparison ?
Anyone know?
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Doesn't matter what the dollar does, the retail pins WILL NOT DROP, but they will always go up.
At that point, any unsold (new) stock such as AC/DC or WOZ etc will be considered 'rare' or 'collectable' so retailers can justify adding yet another $2k ontop of their pins.....
In fact, you can be sure that pins ALREADY IN STOCK IN OZ will increase when the dollar fluctuates as the retailers will always claim "the dollar is different now, so it costs us more to bring them in".
These lies & cheating the public is no different to car sales or petrol sales........funny how petrol sitting in a tank at your local servo seems to go up 30c overnight when the global petrol rises......it shouldn't, it should ONLY change price when the next tanker comes in !!!!!!!!!!!
We're all being screwed, pinball is no different !!!
Amen.
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In fact, you can be sure that pins ALREADY IN STOCK IN OZ will increase when the dollar fluctuates as the retailers will always claim "the dollar is different now, so it costs us more to bring them in".
Retailers need to replace the stock, so there is some justification in raising the price of stock games. Similarly, when there is an actual price drop on the wholesale price, they are generally forced to reduce the price on an item previously bought at a higher price originally in order to reflect the new pricing.
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I here the dollar will drop to 50c, approx the same as a phone call to tell someone who cares! %.% %.%
Got to remember pinball is a luxury item, not a necessity and to those who can afford, the $AUD and/or import price is irrelevant.
We are still very sheltered from the REAL global economy and should be very lucky about where we live and our lifestyle.
My 2 cents worth, which is now worth a little less due to fall in $AUD %$%
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I here the dollar will drop to 50c, approx the same as a phone call to tell someone who cares! %.% %.%
Got to remember pinball is a luxury item, not a necessity and to those who can afford, the $AUD and/or import price is irrelevant.
We are still very sheltered from the REAL global economy and should be very lucky about where we live and our lifestyle.
My 2 cents worth, which is now worth a little less due to fall in $AUD %$%
Unfortunately we are not insulated from energy prices and when they keep going up everything else will follow.
Imports have also risen sharply thanks to the number of cheap overseas products sourced by our dynamic duo supermarket companies. The local manufacturers and growers have been screwed out of existence. High pinball prices will be the least of our problems.
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And the new NIB Pros will be priced like the old NIB LEs.
And the US dollar, colloquially known as the greenback will become known as the brownarse at 75c and the redbelly at 50c.
And all existing DMDs will be worth their weight in gold.
Would anyone like to predict where the Aus $ will stop?
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It's at is lowest against the USA $ , than its been in five and a half years according to the Tele a few hours ago.
It will never go under 73 to 75 cents ever. It's at 82 or 85 now.
Stern Pro shld stay at $7100 Aussie for next 12 months.
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It will never go under 73 to 75 cents ever. It's at 82 or 85 now.
having worked in finance for the last 15 years, this is a BIG call, given global conditions.
Does anyone else remember the 65c level and below (48c in march 2001)?
I sure do!
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I can't see it that low til the next USA President is sworn in. The markets always rally on the new Pres.
Over a few years we shld be able to stay above 73 to 75 no issues.
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Agreed - low 70's is my tip for the coming months.
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I like the idea of re producing this AMAZING title. Fantastic game. I'm not a purist, so the artwork is not really a big problem for me, although I appreciate it might not be everyone's cup of tea. The price is a real issue for us Aussies. I hope AMD can sort this out with Stern USA, as the price for a machine that has not had any real development requirement is too high.
I'm also a little pissed that there is a lot of attention on code updates for TWD and Wrestlemania, yet my KISS LE is screaming for a code update.
I really hope Stern continue with these VE games - I love the idea and would seriously consider Ironman - but not at that price.
Maybe the bubble will burst and games will become cheaper and sell more numbers @@*
Keeping it all positive - I think the idea is brilliant.
Thanks Nino for putting my post on the original proper thread instead of the one I started today.
I searched everywhere for it using keywords but I just couldn't get it to show up.
As usual Swinksy is always on the ball like you guys finding new stuff to make this site great.
As for pricing, the Aussie dollar is at a very lousy 69 USA cents today.
I was doing some share trading on line & dumped some stock & luckily got all my money back plus a small profit.
But the Aussie dollar is lousy unless u are dealing with China who is smart enough to heavily discount prices to stimulate growth.
The USA dollar confuses me.
Why is the world economy based around a massively bankrupt USA that is trillions in debt and it can't even pay its interest on it liabilities !
It's time the world based the dollar on China first, then the Euro German $, then the USA about 50 down the list.
I understand Stern is now having its future majority of parts quoted & sourced from China.
Hope Mike picks up massive contracts & Stern sends machines from Asia for our market and some others.
It makes sense.
A Pro at 8 grand is fine. But 10.5 is too much because of the shit dollar.
AMD has its hands tied.
The honeymoon lasted for 5 years, now it's gone to shit.
The American dollar deserves to be back where it was when our dollar was $1.10 plus.
What have the yanks done to deserve such a high USA dollar? Absolutely fark all IMHOpinion.
Anyway, glad Stern is at least doing great Vault editions.
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I like the idea of re producing this AMAZING title. Fantastic game. I'm not a purist, so the artwork is not really a big problem for me, although I appreciate it might not be everyone's cup of tea. The price is a real issue for us Aussies. I hope AMD can sort this out with Stern USA, as the price for a machine that has not had any real development requirement is too high.
I'm also a little pissed that there is a lot of attention on code updates for TWD and Wrestlemania, yet my KISS LE is screaming for a code update.
I really hope Stern continue with these VE games - I love the idea and would seriously consider Ironman - but not at that price.
Maybe the bubble will burst and games will become cheaper and sell more numbers @@*
Keeping it all positive - I think the idea is brilliant.
Thanks Nino for putting my post on the original proper thread instead of the one I started today.
I searched everywhere for it using keywords but I just couldn't get it to show up.
As usual Swinksy is always on the ball like you guys finding new stuff to make this site great.
As for pricing, the Aussie dollar is at a very lousy 69 USA cents today.
I was doing some share trading on line & dumped some stock & luckily got all my money back plus a small profit.
But the Aussie dollar is lousy unless u are dealing with China who is smart enough to heavily discount prices to stimulate growth.
The USA dollar confuses me.
Why is the world economy based around a massively bankrupt USA that is trillions in debt and it can't even pay its interest on it liabilities !
It's time the world based the dollar on China first, then the Euro German $, then the USA about 50 down the list.
I understand Stern is now having its future majority of parts quoted & sourced from China.
Hope Mike picks up massive contracts & Stern sends machines from Asia for our market and some others.
It makes sense.
A Pro at 8 grand is fine. But 10.5 is too much because of the shit dollar.
AMD has its hands tied.
The honeymoon lasted for 5 years, now it's gone to shit.
The American dollar deserves to be back where it was when our dollar was $1.10 plus.
What have the yanks done to deserve such a high USA dollar? Absolutely fark all IMHOpinion.
Anyway, glad Stern is at least doing great Vault editions.
I'm no expert, but if we base our dollar on the Chinese market, we would be completely stuffed. They have the second largest economy, and the most volatile at the moment. Growth has stopped. They are not buying Iron Ore from Australia. So we will be in trouble as mining is one of our largest exports. Deal with China now, and you are taking a massive risk, as well as a loss. There's a massive article on www.news.com.au today. It is not good reading.
US dollar will always be king. They are the biggest fish in the pond.
I really wish Stern USA would review the prices to help out AMD, so AMD can drop their prices. At the moment, this needs to be addressed. Not confined to Stern, who is silly enough to spend $16,000 on a MM remake ? Plenty of people - because it is MM..
Something has to give - and this discussion should be moved to the "price watch" thread. Stern cannot command the LE prices any longer.
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Well said Gav, that's your best Stern post ever.
I am going to frame that one.
Nino, even the Chineese dollar would give us a lousy 69 cents like the yanks.
But that's another topic as u mention.
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I really wish Stern USA would review the prices to help out AMD, so AMD can drop their prices. At the moment, this needs to be addressed.
Something has to give - and this discussion should be moved to the "price watch" thread. Stern cannot command the LE prices any longer.
Actually they shouldn't have to. AMD's wholesale buy price for machines from Stern is low enough that they already have enough price elasticity to absorb any recent currency fluctuations without gouging their consumer base. The fact that they choose not to, but instead peddle the tired old cliche of our falling Aussie dollar and the fact that the customer base laps it up as a valid excuse speaks for itself.
Anyway why would Stern want to kill their golden goose? The Aussie new Stern pinball market is one of the most overpriced markets on the planet in terms of the ratio of retail to wholesale price per unit sale.
PS: The Chinese (no double e) use the yuan as their form of currency, not the dollar and represents only 11% of the global currency reserves (which when you subtract mainland China from the equation is confined almost exclusively to currency trade within HK) once it comes into effect as one of the recognised basket of currency reserves, versus the US which accounts for 66% and is used as a recognised form of currency across multiple countries. Perhaps further reading might help our resident Milton Friedman to better understand the intricacies of our international currency market? Start with the Bretton Woods conference and the formation of the IMF and work your way to the present day. #@#
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No person in Australia except Bruce from AMD knows the actual purchase price and costs of machines so anyone wild guess statements are pure fantasy & shouldn't be speculated on as factual.
Show me a invoice for Stern USA to AMD Aust or u have to stop stating fiction as fact.
Every company deserves a profit and saying their profits are huge without factual proof is just not professional or moral in anyone books I firmly believe.
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I'll state whatever I want, but thanks for the pointless concern. !!@
AMD are making a packet on every NIB Stern they sell and still have plenty of leeway to adjust pricing and make a healthy profit per machine. They don't need to adjust pricing though, because the gullible lapdog fanboys keep falling over themselves to claim every machine release as the best Stern ever made. #@#
In the meantime I'll take the opinion of someone who doesn't know the correct Chinese currency (or how to spell the word Chinese) but has no qualms about offering up their "professional opinion" about international currency markets with the appropriate level of credibility.
(http://ecx.images-amazon.com/images/I/51K7TxlgxSL.jpg)
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Just a quick one and sorry for the ignorance but I thought the Chinese dealt in usd. I know the Taiwanese companies deal in this unless the usd crumbles then I remember they traded aud for awhile. This was many years ago though.
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Just a quick one and sorry for the ignorance but I thought the Chinese dealt in usd. I know the Taiwanese companies deal in this unless the usd crumbles then I remember they traded aud for awhile. This was many years ago though.
As per my earlier post, the US dollar is an almost universally accepted currency and whilst on the street level it would be an acceptable form of payment (along with the Euro) at major hotels, banks, large scale businesses et al which cater for the tourist trade it is a different story when talking about global currency markets. The IMF has recently in the last few months begun the process to accept the Chinese Yuan into what is colloquially known in trade terms as their basket of currencies but the estimates are that as a percentage of the total basket it would only sit at around 10-12% due to its limited universal appeal.
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Oh no, the preaching has started by the 80 year old.
Hillarious insanity.
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A simple solution would be for you to just retreat back into your own solipsistic fantasy (the ignore button does work you know) and you won't have to get so stirred up about anything I say in my posts including the posts I make that have no direct effect on you whatsoever.
The rub is that you can't do that since your fragile ego and low self esteem just won't permit you to consider the possibility your viewpoint could ever be erroneous.
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Stern and AMD will always continue to jack up the prices regardless.
They are in the business of making money, that's it.
Same old shit for a different day.
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They have both had a false monopoly for far too long.