Here is why gold is probably going higher.
https://www.msn.com/en-nz/money/fina...cid=spartandhp
Sounds like Adrian Orr is ready to go full retard
USA's next round of QE not far away.
https://www.zerohedge.com/news/2019-...-be-time-panic
Central banks can only keep digging a hole for themselves(and all the rest of us). I guess they are hoping for inflation to debase the currencies and clear the debts but their policies seem to be putting more and more wealth and income in fewer and fewer hands which I wouldn't think would boost inflation. It is trickle down economics and the evidence since the 1980s seems to be you need an huge torrent of wealth to the top for some to trickle down and it is total bull****.
No one in power is likely to change anything as it is now a fragile system and they aren't doing too badly themselves. Political change and populism will be the next step if history is any indication. Shutting the next generation out of the housing market doesn't sound like the way to prosperity for the nation as a whole but that is what the central bank is partly doing. I do still read a lot of stories about young people buying houses. I guess a generation or so ago it wasn't front page news.
I would be more angry except I assume the rate cut is to help our exporters who actually do provide wealth for society.
If/when it all finally blows up a dollar today will be worth a lot less the only question is whether there will be a crash in asset prices first. I am not ready to take that risk as it appears central banks will go all out before allowing over extended borrowers to default. Gold at $1,500 this morning over 7% rise in the last 30 days. I still have no understanding of the gold market and global production versus global demand etc etc but dumb luck is working well for me at the moment. Just sorry I didn't go full retard and go all in on gold miners and borrow against the house and margin lending to amplify the gains, I would be a lot closer to retirement if I had. Sadly I am a conservative investor.