Australia's largest stock trading and investment forum Australia's #1 stock forum

GOLD

Click for more information

0.51%

$1,391.7 gold futures

so you going backwards big tine when real inflation is running...

First 64533 Last

Share
Profile

Follow
Skol

32,985 Posts.

1378

17/01/20

07:31

Post #: 42425893
Share

Originally posted by albatrosss: ↑

Yes, in Australia also the all ords are breaking record highs. And as you would have read, a retail bloodbath and thousands losing their jobs. With more and more on the way.
its very easy to see why the stocknarket is rising.
i let u in on a small sercret.
you know that if you leave your money in the 'Safe' bank you get no return ( ie 1%-2%)
so you going backwards big tine when real inflation is runing at 10%.
super funds growing at 10% total value each year and they have to invest this somewhere.
A lot of this is going into the sharenarket and property.
Pensioners cannot bank on 5-6% interest rates on savings so must also be chasing higher returns.
one can see thus huge bubble that is developing.
The DJI is the classic example.
Setting itself up for a mother of all crashes.
As many have pointed out. Paper noney losing its value like never before.
I think whats happening is all logical of the times that we are in.
GOLD DEFINATELY HAS A PLACE IN THIS ENVIRONMENT.
That is why it has gone from 1300aud to 2300aud in a very short time.
I believe its the US dollars time to go from 1550
to 2550.

Expand

so you going backwards big tine when real inflation is running at 10%.
====================

What proof is there that inflation's running at 10% except your personal assessment of the situation?
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 62,012 more messages in this thread...

First 64533 Last

Add GOLD (COMEX) to my watchlist