The Norc 1911's just landed in Canada !!
- Thread starter ricka2
- Start date
The Chinese typically price and sell their products in American dollars. They had pegged their currency to the American dollar. The Chinese have been pressured to increase the value of their currency and have done so but only in small amounts. Their currency is pegged to the US dollar and does not float like the Canadian dollar. So if you have higher spending power with the Canadian dollar now in the USA you also have in China.
WTF!!
The Canadian Dollar has GAINED just as much against other foreign currencies. Why are you selling our dollar short.??Did you look at what our dollar was worth in Jan, 07 compared to now??
Our dollar has gained about .18-.20 cents vs. the USD this year. It also has gained .18-.20 cents vs. the Euro...that means alot!!
Our buying power has shot threw the roof across the board. Almost sounds like you are giving retailers an excuse not to lower prices becuase our dollar is strong only against the USD.
In January 2007 the Euro was at $1.52 CAN. Today it's at $1.39. Not an insignificant increase but hardly comparable to our dollar's performance vis-a-vis the USD, especially if you look at the last five years instead of the last 10 months. Exactly 5 years ago, the USD was worth $1.56 CAN. Today it's at 96 cents. Compare that to Euro, which was worth $1.53 CAN in October 2002 and is worth $1.39 today.WTF!!
Did you look at what our dollar was worth in Jan, 07 compared to now??
Oh, I don't think the retailers need any excuses from me
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Our high dollar just causes the U.S. and other buyers to go to other countries with a cheaper product and our workers suffer. They can buy stuff cheaper but they are or may be unemployed , so a higher dollar is not always a real good thing, unless you have something that the other countries want, like oil.
Yes but why are you comparing the Canadian dollar to the Euro?
Lets look at a comparison of the Canadian dollar to the Chinese renminbi (yuan). Since you were comparing the last 5 years I'll list the exchange rate for the last 5 years also.
04 Jan 2002 5.18 Chinese renminbis 5.1813 (0.1930)
28 Oct 2002 5.31 Chinese renminbis 5.3050 (0.1885)
27 Oct 2003 6.32 Chinese renminbis 6.3171 (0.1583)
27 Oct 2004 6.75 Chinese renminbis 6.7522 (0.1481)
27 Oct 2005 6.90 Chinese renminbis 6.9013 (0.1449)
27 Oct 2006 7.05 Chinese renminbis 7.0522 (0.1418)
26 Oct 2007 7.78 Chinese renminbis 7.7821 (0.1285)
In 2002 one Canadian Dollar bought 5.18 renminbis. Today one Canadian dollar buys 7.79 renminbis. We can buy 1.502 more of their currency today.
Now lets look at the Canadian dollar compared to the US dollar.
25 Jan 2002 0.62 US dollars (noon) 0.6219 (1.6079)
28 Oct 2002 0.64 US dollars (noon) 0.6408 (1.5605)
27 Oct 2003 0.76 US dollars (noon) 0.7632 (1.3102)
27 Oct 2004 0.82 US dollars (noon) 0.8159 (1.2257)
27 Oct 2005 0.85 US dollars (noon) 0.8549 (1.1697)
27 Oct 2006 0.89 US dollars (noon) 0.8938 (1.1188)
26 Oct 2007 1.04 US dollars (noon) 1.0396 (0.9619)
So compared to January of 2002 we can buy 1.74 more US dollars.
As I have said before China has basically pegged their currency to the US dollar. They have made small concessions (in their eyes) and have slowly increasing the value of their currency. They will not allow it to float and obtain its real value because they do not want to upset their balance of trade (imbalance actually) with the USA.
The Canadian dollar has progressively increased much more in value compared to the US and Chinese currency compared to other currencies in the world. Our dollar has increased in real value (compared to the rest of the world) and at the same time the US dollar has dropped. Because the Chinese have tied themselves to the US dollar we see a much larger gain in purchasing power buying from the USA or China today compared to other countries.
Shopping in the USA looks real attractive not only because our dollar is so much higher than the American dollar but because the Chinese products we go down there to buy are being sold to the USA for the same in US dollars as before the slide in their dollar.
So we can dream about getting all those sweet italian shotguns for alot less cash...
and HK's..........
...Sako etc.
All the good firearm companies are Euro. Not USD.
Is that the way the sites look on the norincos 1911's with the dots on them.My eyes are getting bad as i get older so i can probably see the dots ok for aiming if so.
Another question,i have small hands,would i be better off with the commander or is there really no difference other than barrel length.Does it kick more with smaller barrel then normal 1911 ?
Thats a nice looking pistol,i did not see any flaws really,are they all about that standard of quality ?
thanks
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My comparison to the Euro was simply to illustrate that the Canadian dollar has not been growing as quickly compared to the Euro as it has been compared to the USD (which is what Assyrian was apparently suggesting).
I didn't realize that the Chinese currency was so closely pegged to the USD. Thanks for pointing that out. However, I still doubt that you would see Norinco prices go down anytime soon. Seeing how fast these guns sell out, the importer would have to be downright stupid to lower the price. In fact, I'm surprised that Marstar hasn't actually raised their prices, as demand seems to greatly outpace demand in this particular instance.
I posted this elsewhere... Why would prices go up if there is a high demand? Dosen't that mean a bigger market.. i.e more sales?? Larger stock orders?
Don't the retailers state that we pay a higher price becuase we are a smaller market?
With high sales, that means the market is geting bigger...the prices should remain steady and show a decrease eventually...
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