Why Gold Price Will Retest $1050 Low

I've spent several months in Queensland and Sydney, it's a beautiful country but basically everything is more expensive in AUS and something were significantly more expensive. The one thing that was cheaper that I remember was the shopping center sushi rolls were cheaper and the Optus 2 dollar a day cell service was a pretty good deal that was better in some ways and more expensive in others.

One of the reasons why GST is getting put on everything now is that many people realized ordering a lot of things from the USA were still cheaper even after shipping costs than going to the store especially if you were in a more remote area like Townsville.

The problem with looking at cost of living or even cherry picking specific items is that it lacks the perspective of net purchasing power.

In just about every measure, San Francisco, CA is a much more expensive city than Vancouver, BC. If you were to earn the same salary in dollar terms in SF vs. Vancouver, you would be much better off in Vancouver. However when you factor the average wage in San Francisco is over double that of Vancouver... San Francisco has a higher net purchasing power and therefore you will likely have higher disposable income... and San Francisco is one of the more expensive cities in the US.

It matters little whether a loaf of bread or a can of beans or a month's rent or a tank of gas/petrol is cheaper or more expensive... you need to factor in the total cost of living. In the US, Health Care is private, in Canada it is funded through taxation. Without wanting to get into a political discussion (and please... if you respond, stay away from relative merits... I only mention to note the difference exists), both of these costs regardless of how paid need to be factored into overall cost of living regardless of whom you pay.

Of course as basebal21 notes,
given the global commerce opportunities brought by the internet, it is possible for folks to arbitrage local taxation vs. shipping and that is the reason that governments, both state and federal, are looking to extend their taxation applicability to items received at a location rather than items purchased in a location. The same situation exists even within the US and we are seeing states hitting Amazon and ebay to charge tax based on purchaser's location rather than the seller's location.

Those indexs mean nothing, they're a space filler.

The fact you keep trying to argue it's cheaper to live in Australia shows Sprutt was right.




And 99% of them are completely meaningless. The USD is a world currency, AUD to quote you guys "yea naw". Your nationalist pride is blindingly you badly in this

I know, how dare we use facts logic and reason.

My bad. Should have known better than to try and have an educated discussion with someone so ignorant.

The USD is a super power note. There's no reasoning with people that think 2nd world counties are equal. My fault forr enagaging I do apologize.

If you look at the purchasing power parity put out by the OECD for 2017, it takes AU$1.472 to buy about the same amount of stuff in Australia as one USD does in the U.S. but the exchange rate in 2017 was about AU$1.305. That means if I exchanged one USD for AUD, I would not be able to purchase as much stuff. This is only a comparison between the USD and AUD and there are other currencies where the situation is the other way around.

https://data.oecd.org/conversion/pu...icator-chart

This. It's funny how economics is so similar to cause and effect. I wonder if there may be some connection.





Great research, D0ubl3Eagle. Maybe the (secondary) case can be rested unless more useless ROFL emojis are to come.