@Seth Davis
@Ophir
@AverageJoe
I won't dispute you been the expert in Gold prices and movement lol.
http://www.xe.com/currencycharts/?from=XAU&to=AUD&view=10Y
As interest rates have fallen from records highs in the lates 80s of 20%, household debt has been steadily increasing from 1992 onwards to record levels now as lendings rates have fallen the past 25 years
https://tradingeconomics.com/australia/households-debt-to-gdp
House debt has been rising in line with GDP per person, not too sure if Australians house hold debt has been increasing GDP per person or just a natural increase in living standards or standard of living has been increasing in line with inflation.
https://tradingeconomics.com/australia/gdp-per-capita-ppp
Fundamentals haven't changed, page-405
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