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denpal

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06/05/16

13:16

Post #: 17695619
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Originally posted by AndyIgo ↑

Hi Martis and all,

I see the AUD now has the 0.74 handle on it and Gold $AUD $1,727.00

It would not take a great deal of a move from this point to see Gold surpass it’s previous AUD price of AUD $1,800.77 (5/09/2011) A US $1,300.00 and an AUD $0.72 both reasonably achievable in my opinion would certainly do it.

Timing as we know is everything in the investment game and by the time we see Gold above the AUD $2,000.00 level and real estate has adjusted downward by around 40-50% I may re-evaluate the situation!

Be interesting to see how far they feel they can fudge the non-farm payroll numbers and get away with it tonight!

Cheers and very best regards: Andy

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I don't think you'll see that large a property correction, unless interest rates shoot much higher. With low interest rates trending lower, rapid inflation of property assets is the result due to their comparatively high yield that is demanded by many.
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