GOLD & SILVER BULLION &THE FUTURE OF AUSTRALIAN ECONOMY

[artonink]

btw a cheap way for aussies to get into gold/silver is with super, setup ur own fund and store that wealth in bullion... there are overheads and u can expect running costs of over 1k/year.. not for everyone but might be an option if the current rate of inflation keeps ticking along

[artonink]

property prices in oz are expensive BUT there is a serious lack of stock in places like sydney, even though the market is propped up by the gov its not going to crash anytime soon, id expect to see other states suffer at bit more since they are even more overvalued than sydney but we wont have anything like a US crash not until we change policy, there isn't an oversupply here and relatively no construction...

i would think gold + silver + land + cash + stocks would be ur safest bet, who knows

[Silverstack3r]

Dude we need another video.... :)

[geniusmarketing08]

@Silverstack3r Yeah was actually about to do one after a long break...so hang on to your hat, haha. Thanks.

[SLVBULL]

Just found your channel. Mate you are the only informed kiwi that I know.

[SLVBULL]

Stack the whack. Buy physical silver now while prices are suppressed. This is an opportunity of a life time.

[NAVYGOLDEIGHTFOUR]

Very realistic view in imo. I am glad you are not a customer of the video presenters. Look forward to seeing your perspective as the GFC gets to the WestPac (relative to NA that is) in earnest.

[geniusmarketing08]

@NAVYGOLDEIGHTFOUR Well above everything else, when you look at the disproportionate salary between a bank ceo (of westpac for eg) at almost 10 million (this person doesnt even own the bank and earns far more than the primeinister or US president! and then you look at the average aussie wage...maybe $50,000 tops....then you see how far out of whack things have become!

[geniusmarketing08]

@NAVYGOLDEIGHTFOUR The only problem to my argument on such large salaries is that it could be argued that the free market decides them somewhat and Im not against free markets, however I cant see such ceo salaries being sustainable in future somehow.

[metalmadnessTV]

Great video thanks

[Hoepsakee]

Cheers in the vid mate. Good linkie as well.

[BIGHAIRYSILVERBALLS]

when i buy all the yuppies houses after the crash i wil build a momument to sheeple and worship it once a year

[geniusmarketing08]

@BIGHAIRYSILVERBALLS Haha, i might even become one of your desciples.. what a cool idea, lol

[outforsushi]

A two storey modern brick, 4 bedroom house in AZ for $220k .

[geniusmarketing08]

@outforsushi Well probably, but there are also 4br houses in Arizona for around $60k... type in $60000 4br house arizona into google and see what can be found :)

[dowhatuwill]

I totally agree. The bubble hasn't really burst yet. Prices in Australia are insane. NZ is somewhat better but still way overpriced for the average home. I'm waiting to buy in a couple of years as silver heads up and home prices head down, there are going to be bargains to be had.

[geniusmarketing08]

@dowhatuwill yep and many of the houses in NZ built in the last 10 years leak like a seive too...due to an oversupply of crap NZ builders and practices...some should be in prison, along with the council officials who certified them! If I bought there, Id buy a house from pre 1980 ( or want to know who built it and quality of the timber used), but then with older houses, most arent even insulated well, if at all!

[dowhatuwill]

@geniusmarketing08 I bought one built in '78 complete will leaky roof and no insulation.

I decided to sell and buy silver rather than to fix it up and see the value fall. Yeah next time I'll go for insulation and a roof that doesn't leak. Hopefully 1,000 ounces or less will be enough.

Good video you linked there. Cheers