GOLD & SILVER BULLION &THE FUTURE OF AUSTRALIAN ECONOMY
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Uploader Comments (geniusmarketing08)
All Comments (18)
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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
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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
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Just found your channel. Mate you are the only informed kiwi that I know.
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Stack the whack. Buy physical silver now while prices are suppressed. This is an opportunity of a life time.
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Great video thanks
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Dude we need another video.... :)
Silverstack3r 1 month ago
@Silverstack3r Yeah was actually about to do one after a long break...so hang on to your hat, haha. Thanks.
geniusmarketing08 1 month ago
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.
NAVYGOLDEIGHTFOUR 5 months ago
@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 5 months ago
@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.
geniusmarketing08 5 months ago
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.
dowhatuwill 5 months ago
@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!
geniusmarketing08 5 months ago