Look like a bubble to you? Sure looks like one to me, gold punters could be in for an expensive reality check.
You can bet a lot of gold purchases will have been done with debt.
Debt = Risk. Ask property punters over the last few years.
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Look like a bubble to you? Sure looks like one to me, gold punters could be in for an expensive reality check.
You can bet a lot of gold purchases will have been done with debt.
Debt = Risk. Ask property punters over the last few years.
That's all, I got it off CNBC on a slide show of the world's most indebted countries, but there's a reference to NZ in the business section of the NZ Herald today.
NZ's external debt is in about the same situation as Greece and Portugal, but gross NZ Govt debt apparently is at the more prudent end, about Australia.
Attachment 3412
82% return on investment over 5 years = bubble? Wow Skol you need to get out more
Your hero Bernanke doesnt agree Skoly
Mr Bernanke, speaking at the Fed's second quarterly media conference, said he believed European officials accept the "incredible importance" of finding a resolution to Greece's liquidity crisis before it spirals out of control.
http://www.theaustralian.com.au/busi...-1226080311839
"To the extent there is an indirect impact on the core European banks, that does pose some concern to money market mutual funds," Mr Bernanke said
POG US$1545.8
All this drama and the best gold can do is go up $20. I say let the Greeks bite the dust, cause some problems for a while but it'll be a lesson to all and sundry to keep their debt under control.
Apparently there's a lot of tax evasion in Greece, can't blame them for that if the gummint is so disorganised.
Debt to GDP is a "massaged" figure particularly in the case of USA where consumer spending is included and at will any figure (petrol etc) can be discounted,left out or whatever.Headline inflation,one off inflation etc etc etc.Who do they think they are kidding?