GOLD (COMEX) gold

Originally posted by Skol ↑

A primary school student can work out that debt doesn't matter as long as the underlying asset is increasing in value.

It's only when it goes the other way that debt can become a problem and there's no sign of that where I live. Yes, property's levelled off in the cities but there's huge demand for residential, industrial and commercial property, so it looks as if goldbug fantasies of worldwide economic ruin and endless crashes are falling on deaf ears.

10,000 tradies wouldn't even make a dent in the demand for property around here, in fact the conundrum is, they want to bring in tradies, but there's nowhere for them to live.

Your hero Peter Schiff bangs on almost every day about debt and huge crashes, but anyone with an ounce of brains has worked out that he's just a conman and a grifter.

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there's no sign of that where I live.

10,000 tradies wouldn't even make a dent in the demand for property around here,

Your hero Peter Schiff bangs on almost every day about debt and huge crashes

Do you think the immediate surroundings of where you live are the best gauge of the future of Australian and NZ property markets?

Are you capable of making cogent responses without referencing Schiff, or Rickards?
It seems that you can't.

Schiff is not my hero, and I couldn't give a toss what he has to say.

You must feel your arguments are so weak that you try to bolster them by constantly referencing Schiff or one of his ilk as a kind of crutch.

The below articles are not being written and published by Peter Schiff -

disallowed/business/companies/property-slowdown-starts-to-bite-in-outer-suburbs-20180904-p501qd.html

Property slowdown starts to bite in outer suburbs
By Simon Johanson
5 September 2018 — 12:00am

The slowdown in Melbourne’s residential property market has spread to the city’s fast growing outer suburbs where sales of land lots are falling and prices easing.
Suburbs like Tarneit, Armstrong Creek and Mernda on the city’s west and northern fringes are often considered some of the strongest residential land markets in Australia, driven by young first-time home buyers.
But rising affordability concerns across the city have begun to bite with sales volumes falling 30 per cent over the June quarter to 4,264 lots, according to research from land marketer RPM Real Estate Group.

https://www.yourmortgage.com.au/mor...ustralias-housing-market-experts-warn/254604/

The worst is yet to come for Australia's housing market, experts warn

By Gerv Tacadena 6 Sep 2018

For many economists, the Australian housing market should brace for what could be the longest and deepest downturn in Australia's modern history.
In a report from The Guardian, economists said the market is about to feel the full impact of the tightening of credit and the rising mortgage rates.