Can you lock in my petrol , food , insurance , electricity, water , medical costs ? ......... I'd like you to do that for me .
...... and ...... When our currency goes down the pan , as has happened several times in the last 28 years , we won't
be getting any price increases because we're locked into "bargain time" Yeah , right .
An insight to some importers that I know . I'm talking firearms , HiFi , guitars & amps . These guys don't hedge against
currency fluctuations because it's too expensive , but mainly bacause they can just up their prices when it happens.
Notice I said up their prices , because reducing their prices goes right against the grain .
Now , those who do hedge : LRA for example ; hold little stock regardless , make such a margin that they're not
that bothered , but if it gets out of hand they up their prices .
I've seen GBPence vs Aussie at anything between 34p and 65.5p in the last twenty years . You should see the increases
that come through in retail price when that happens . Guild X500 went from A$3595 to A$5495 in 6 months in 2001.
This is getting away from the OP's question : yes , we do get gouged and it won't be changing because there's
no EU laws to stop it . Remember the Treaty of Rome, Dr Who ? I made a mint on pharmaceutical grey imports , and no
one could stop us . There's so much margin in Australian imports that it's the envy of Importers of the World.
The Commonwealth Government love it bacause it gives them heaps of tax .

