Makes sense... but... immigration numbers for last rolling year (last 12 months) in Australia being nearly a million is what is keeping rents high as well as prices high (as the rent underpins valuations). If immigration goes away, it all falls down.
Rates will go higher even later this year, and we will have a sovereign debt crisis possibly as early as next year, as government debt world over, but especially in EU and US is getting crazy/unsustainable. When the governments will be unable to roll over the debt (no bid), this will generate a spike in interest rates, in other words a devaluation in debt. Major brown stuff hitting the fan.
The shiny stuff will come back in vogue. Or maybe they will shove cbdc's down our throat and gold will be illegal. We will own nothing, and we will be happy?! ~~~~~~~~~~~
Bought first small parcel today at 12.5c. Let's hope for a nice run to 20c.
CAI Price at posting:
12.5¢ Sentiment: None Disclosure: Held
(20min delay)