Loading ...Wasn’t his Dad a gold bug way back? Maybe his investing style still needs to mature a bit … 🙂
ipso, difficult to work out the differences between countries. Exchange rates are a factor, this year my son was working for his company in Dallas for three months on an exchange, but paid in AUD still. The company paid for his accomodation and a car, but he reckons he just broke even. Property, we took over a million migrants in the last couple of years. Nobody voted for it, nobody really knew. Most would have to have been fairly wealthy to get in, but that just puts property under huge pressure, adding 4% to the population with no plans for more houses. Prices have doubled in five years, helped by very low rates and covid stimulus, and yes, it’s very difficult for young’uns now. Food prices are still ridiculous. Hopefully the tariffs will push more home grown beef into our market – not that you don’t need it with your herd at a 70 year low!
But we ain’t seen nuthin’ yet. Our prosperity is joined at the hip with China’s, and with that economy in collapse when it filters (cascades?) through to us then we will see real problems, property prices collapsing and mortgages under water. Then goldie’s banks will be reaping their rewards. Like Solomon said, even the evildoers prosper, and this is a puzzle.