BANG!!!! RATE CUTE TO RECORD LOW

[JulieW]

$1700 gold by Friday.

If it wasn't a share market top I'd be buying into Telstra right now.

 

[aleks]

Some words from Glenn Stevens mentor, Petula Clark

[youtube]http://www.youtube.com/watch?v=Zx06XNfDvk0[/youtube]

 

[Caput Lupinum]

Let's all go out and get $800,000 mortgages

 

[SovereignBuyerMelbourne]

So do you think It'll be cut again in a couple of months? Or is this it?

 

[willrocks]

So do you think It'll be cut again in a couple of months? Or is this it?

IMO they'll keep cutting interest rates.

 

[TheEnd]

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!

 

[SpacePete]

Let's all go out and get $800,000 mortgages

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.

 

[Caput Lupinum]

Go tongue-punch a hobo's fartbox :|

 

[HateFiat]

So do you think It'll be cut again in a couple of months? Or is this it?

IMO they'll keep cutting interest rates.

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.

 

[SpacePete]

Go tongue-punch a hobo's fartbox :|

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.

 

[SilverDJ]

Thankfully I moved most of my SMSF cash over to USD two months ago.

How did you do that exactly?

 

[willrocks]

Thankfully I moved most of my SMSF cash over to USD two months ago.

How did you do that exactly?

Transferred it from my bank to a trading account denominated in USD.

 

[Roswell Crash Survivor]

Thankfully I moved most of my SMSF cash over to USD two months ago.

How did you do that exactly?

Transferred it from my bank to a trading account denominated in USD.

Have you checked the T&C and/or Financial Services Guide to see if your trading account is covered by any deposit insurance?

 

[willrocks]

Have you checked the T&C and/or Financial Services Guide to see if your trading account is covered by any deposit insurance?

Why? Is it compulsory for SMSF?

 

[SilverDJ]

Thankfully I moved most of my SMSF cash over to USD two months ago.

How did you do that exactly?

Transferred it from my bank to a trading account denominated in USD.

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.

 

[petey]

Watch local PM price explode.

This is why I come here. :lol:

 

[SpacePete]

Watch local PM price explode.

This is why I come here. :lol:

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

 

[SpacePete]

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

 

[petey]

Too lazy. I like how it went to the moon and stayed there though

 

[SilverSanchez]

This is not good. Massive unintended consequences possible