BANG!!!! RATE CUTE TO RECORD LOW

Discussion in 'Markets & Economies' started by SpacePete, Feb 3, 2015.

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  1. JulieW

    JulieW Well-Known Member Silver Stacker

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    $1700 gold by Friday.

    If it wasn't a share market top I'd be buying into Telstra right now.
     
    JulieW, Feb 3, 2015
    #21
  2. aleks

    aleks Well-Known Member Silver Stacker

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    Some words from Glenn Stevens mentor, Petula Clark

    [youtube]http://www.youtube.com/watch?v=Zx06XNfDvk0[/youtube]
     
    aleks, Feb 3, 2015
    #22
  3. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Let's all go out and get $800,000 mortgages
     
    Caput Lupinum, Feb 3, 2015
    #23
  4. SovereignBuyerMelbourne

    SovereignBuyerMelbourne Member

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    So do you think It'll be cut again in a couple of months? Or is this it?
     
    SovereignBuyerMelbourne, Feb 3, 2015
    #24
  5. willrocks

    willrocks Well-Known Member Silver Stacker

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    IMO they'll keep cutting interest rates.
     
    willrocks, Feb 3, 2015
    #25
  6. TheEnd

    TheEnd Well-Known Member

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    I heard about this on radio news today where they actually said its been done to try and boost the economy......Thats MSM saying it out loud!
     
    TheEnd, Feb 3, 2015
    #26
  7. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Pfffft, peasant. In Sydney that would barely get you a 1 bedroom hovel. We're talking a cool mil or two to get you in on the ground floor of the Sydney residential property market in a reasonable suburb, and that's before gov. stamp duty of maybe $60k and probably other charges.

    Now, let's talk about borrowing several tens of millions and you too could join the favoured land owning class with a property portfolio.
     
    SpacePete, Feb 3, 2015
    #27
  8. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Go tongue-punch a hobo's fartbox :|
     
    Caput Lupinum, Feb 3, 2015
    #28
  9. HateFiat

    HateFiat New Member

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    I think the RBA is now in the "whatever it takes to prevent deflation" club.

    It will be interesting to see how high silver/gold go, and how long they will stay up for.
     
    HateFiat, Feb 3, 2015
    #29
  10. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    As a renter in Sydney, I'm pretty much in the hobo class so I'm on it now.

    I shall attempt some auto-fartbox-tonguepunching as commanded.

    Eeeeeeer aaaaaaaaaaaaahhhhh eeee..... somebody, call a doctor.
     
    SpacePete, Feb 3, 2015
    #30
  11. SilverDJ

    SilverDJ Well-Known Member

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    How did you do that exactly?
     
    SilverDJ, Feb 3, 2015
    #31
  12. willrocks

    willrocks Well-Known Member Silver Stacker

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    Transferred it from my bank to a trading account denominated in USD.
     
    willrocks, Feb 3, 2015
    #32
  13. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    Have you checked the T&C and/or Financial Services Guide to see if your trading account is covered by any deposit insurance?
     
    Roswell Crash Survivor, Feb 3, 2015
    #33
  14. willrocks

    willrocks Well-Known Member Silver Stacker

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    Why? Is it compulsory for SMSF?
     
    willrocks, Feb 3, 2015
    #34
  15. SilverDJ

    SilverDJ Well-Known Member

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    Ah, ok, that easy, thanks.
    So you pay the exchange rate on all the money now, and when(!) the AUD drops more, you win.
    I'm thinking about buying the USD ticker code on the ASX.
     
    SilverDJ, Feb 3, 2015
    #35
  16. petey

    petey Active Member Silver Stacker

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    This is why I come here. :lol:

    [​IMG]
     
    petey, Feb 3, 2015
    #36
  17. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    You could have actually chosen a range that included the point where the rate cut announcement was made, rather than start hours later:

    [​IMG]

    [​IMG]
     
    SpacePete, Feb 3, 2015
    #37
  18. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Looks like we didn't get to the moon this time. Better luck next time, silver moon rocket.

    [​IMG]
     
    SpacePete, Feb 3, 2015
    #38
  19. petey

    petey Active Member Silver Stacker

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    Too lazy. I like how it went to the moon and stayed there though
     
    petey, Feb 3, 2015
    #39
  20. SilverSanchez

    SilverSanchez Active Member

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    This is not good. Massive unintended consequences possible
     
    SilverSanchez, Feb 4, 2015
    #40
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