RE: Bank rate in Oz negative, first time on record..why so much cash?11 Jun 2021 14:32
Interesting words Goldgnome, I very much agree with your take on AU house prices, hyperinflation in capital value coupled with rock bottom interest rates - a bubble waiting to burst! At least that’s what I tell myself as a sore first time buyer struggling to jump onto the Melbourne market!
Anyway, back to gold and our abysmal sp - seems I misinterpreted the awful CPI data yesterday…..5% obviously wasn’t a big enough hike……! Shocking.
As always, GL all.