gold, page-33791

I think it's a bit late to reign in now. It's the loans/mortgages that are already out there that will cause the problem.

Ive also a number of family members who have gone all in on property buying 3-4-5 each and maxing out leverage with their super funds as well... plenty of "consultants" out there setting these things up for fees... they also happen to have realestate agents, solicitors, mortgage brokers, builders that they use regularly to develop one stop shop packages.

Some of these one stop shop packages have only just broke even after 2-3 years... and that's with mind blowing growth rates... what happens when these negatively geared properties at $50-$100 per week each, when interest only loans go up 0.5-1.0% ??? the cash flow will surely force people's hands flooding the market..?

Incomes are stagnant.. no pay rise to account for that...

Surely this will have a significant impact on the economy at some point... rates cannot rise without pricking the bubble .

Will impact the AUD driving it lower IMO which will be better for my Gold.

Also expecting US problems soon which will be bad for China which will be worse for AU.

USD gold up, AUD down is my bet for next 12 months... no target, just direction

Hourly/daily moves are just noise to me