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RE: Australian Housing Bubble vs Gold/Silver and the coming break down in the ratio..

in #estate8 years ago

What's driving the market, gold and silver have different motivations, housing is due for a significant correction, anyway most Victorians are moving north for some warmth and cropping up on the Goldie and Brisvegas, which explains the Victorian oversupply. Heck, four seasons in one day, why wouldn't you?

China factor, new overseas money controls, no Aussie bank lending and now the drop from $2m to $750k property tax issues from the ATO, Chinese are not a factor, Sunland etc are going to suffer with their China marketing, so high density sales will cool in QLD.

Gold and Silver will be stable for a while now that France is pro Euro and only the Germans to vote later in the year. No money movement is now towards Crypto not Gold and Silver and yes we just shifted oz into BTC