will begin a crash just like oil and uranium, page-9

Brave call to predict a gold crash in these inflationary times Sabre.

Gold is not anywhere near the historical highs if you take the buying power of the dollar ( now decimated by inflation) in account.

Back in 1977 when I bought my first unit in Petersham it did cost an equivalent of 20 oz of gold.
My annual income was about 10 oz of gold when it was at its peak.


Same unit would now cost about 300 oz of gold.
My annual income is about 100 oz of gold at current prices .

This is not an advertisment for property, it just helps us to the gold price in perspective.

I just realised in 1977 it took 2 years of average wages to buy a unit that would now cost 3 years of well above average wages.

Are we getting poorer or what?

I think we need to speed up the inflation and wage rises to catch up with the property inflation that took place few years back.
Or for property to crash 30% just like stock market did, to get the values back in balance.

Somehow I do not expect much support for this idea thought.

Brian.