$28.00 Silver.

Court Jester said:
and agian its a health crisis not a financial one, and Australia is weathering the storm pretty well ( except those dirty disease ridden Mexcians in Victoria)
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Um its a global financial crisis that was triggered by a global health crisis, neither look like they are going away any time soon lol
Go Get a clue on what constitutes a financial crisis.

so your little catch cry is stupid

Just incase you had your head in the sand and missed the governments economic Public address this morning. this isnt tin foil hat stuff lol, this is the RBA and government saying so
https://www.abc.net.au/news/2020-07...irus-deficit-economy-debt-frydenberg/12483360
 
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Jason1 said:
Um its a global financial crisis that was triggered by a global health crisis, neither look like they are going away any time soon lol
Go Get a clue on what constitutes a financial crisis.
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the financial crisis has yet to began. That’s the problem and the reason why I’ve not backed up the truck on metals. Still waiting to see what happens. If I miss it, it’s all right as I rather play it safe.
 
sgbuyer said:
the financial crisis has yet to began. That’s the problem and the reason why I’ve not backed up the truck on metals. Still waiting to see what happens. If I miss it, it’s all right as I rather play it safe.
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there is no doubt it has officially begun in Aus, the RBA them selves have said so weeks ago, but its at the start, it not even close to the full swing shit storm part the government, RBA and almost every economist is predicting.
 
Jason1 said:
there is no doubt it has officially begun in Aus, the RBA them selves have said so weeks ago, but its at the start, it not even close to the full swing shit storm part the government, RBA and almost every economist is predicting.
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sorry it has not there is currently no fiancial crisis here in Aus it has not started and it may never start. Again its a health crisis
 
Plus, house prices are dependant on credit availability, strong employment levels and debt serviceability. That why we cannot see a decent rise in interest rates without the market being flooded by sellers.

The bulk of the interest only loans have been rolling over to principal and interest. Household stress is at all time highs. They've kicked the can down the road by allowing the early release of super. Even though the job keeper/seeker payments have been prolonged, the party is close to over for many.
 
STKR said:
Can't argue with that level of research.
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ahaha
if he walked through parliament saying that he would have both sides of the gov laughing at that statement. lol

he also ignored the recession part, instead only looks at the debt part, which is also a weak argument to the there is no problem here statement lol
ignored shrinking economy, unemployment figures, decline in tax revenue, to name a few things pointing contrary to his ill informed argument lol
 
Jason1 said:
if he walked through parliament saying that he would have both sides of the gov laughing at that statement. lol

he also ignored the recession part, instead only looks at the debt part, which is also a weak argument to the there is no problem here statement lol
ignored shrinking economy, unemployment figures, decline in tax revenue, to name a few things pointing contrary to his ill informed argument lol
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again all of that is expected again with business shut down and people out of work because of a pandemic none of that should be a surprise to anyone


the money spent was well worth it if most of the small businesses get through this period and re open post pandemic. we were so close things are mostly bouncing back unless your a dirty victorian that is.
 
Court Jester said:
again health crists not financial one
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ahahaha,
Court Jester said:
again all of that is expected again with business shut down and people out of work because of a pandemic none of that should be a surprise to anyone

things are mostly bouncing back unless your a dirty victorian that is.
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of course its expected, thats what happens in a financial crisis, especially one triggered by a world health crisis lol
 
Jason1 said:
ahahaha,


of course its expected, thats what happens in a financial crisis lol
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again not a finacnial crisis

once the pandemic is over and we were close here it will be almost back to business as usual here


if all of what you said happened outside of the pandemic I would agree but it is directly related to a health crissis and the measures used to contain it and will pass with the pandemic that caused it.
 
Jason1 said:
yer you keep making that same joke.
But its still as funny as last time you said it so no point stopping now.
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and your a joke and again no one in the MSM is calling it a financial crisis -- NOT a SINGLE atricl I can recall reading calls it this-- and I dont subscripe to crack smokers weekly
 
SilverSurfer77 said:
I’ve come to the conclusion that CJ is a shill for the government :D
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no but am a socialst at heart so there for a Labor supporter

I would have perfered a labour gov in office during this -- I might have gotten another $900 cheque or been elegible for the $25k handout for renovations ( my new shed is going to cost more than this but )

I dislike the libs as Im not elegible to anoy thing they are spending out tax $$$ on except the super withdrawals but that is just taking out my own money ... Sigh
 
Court Jester said:
once the pandemic is over and we were close here it will be almost back to business as usual here
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We're a long way off 'almost business as usual here' IMO.
Even if the virus is brought back under control nationwide, I don't see the Int borders opening anytime soon.
Tourism, aviation, education etc industries all brought to their knees for the foreseeable future.
We're also likely to see a medium term change to how the majority of Aussies approach their financial commitments. People will be far more conservative!

Regarding the property market, this won't escape unharmed imo. How large the drops will be, we'll have to wait & see. I'm not anticipating a massive crash with a 50% drop (Gov won't allow this) but 20% over a 2 year period wouldn't surprise me.
 
back to $1,100 /kg silver or $32 spot
else have to jump thread
with lock down and with business shut is nut call a business crisis but a hell-ty health one
 
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