Gold is supposed to go up if there's inflation on the horizon, but there isn't any, and higher interest rates are even further away.
How does that work? A bigger gold bubble.
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Gold is supposed to go up if there's inflation on the horizon, but there isn't any, and higher interest rates are even further away.
How does that work? A bigger gold bubble.
Gold in Aussie Dollars shows a clear failure to breakout above previous resistance levels.
The next week will be very telling as to where this is going. Last nights movement excluded from the chart.
The $Aus is really motoring along ATM I guess its no surprise gold is not rising the same against it.
[$us is really tanking though]
Yes I think I see the same thing.
Look at rates or rent, the power bill, the cost of fuel and food....all up and arguably necessities (Maslows hierarchy?)
Perhaps the only one down is mortgage repayments due to lower interest rates.
Then look at consumer goods such as TV's etc....prices down on imported goods
(reflection of the strong NZ $?...imagine the fuel costs if the dollar was lower!)
Where else in NZ is deflation happening???
Nationally pay rates are not increasing at a great rate of knots coupled with job losses in some industries.
The rates on a factory I own went down $2500 p.a.
True,
Total rates payable p.a. 3 months ago $9,099.11 ($2274 x 4)
Total rates payable p.a. now $6453 ($1613 x 4)
Down 30% - nice.
Did you have major move down in valuation of it's capital value ??