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Member Run Boards >> Finance and Economics >> Thank you Mr President
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Message started by Gordon on Apr 7th, 2025 at 7:43pm

Title: Thank you Mr President
Post by Gordon on Apr 7th, 2025 at 7:43pm
Two weeks ago, wife and I moved 75% of our super into cash. One more drop and we'll put it all back in.

Also 2 weeks ago we bought a house and got a mortgage so big it will even keep me up at nights, but what I'll save from the speculated rate cuts will have me sleeping like a bebbe.

Thank you, Donald J

Title: Re: Thank you Mr President
Post by freediver on Apr 8th, 2025 at 9:06am
Great timing.

Title: Re: Thank you Mr President
Post by Leroy on Apr 8th, 2025 at 9:13am
I'm thinking about selling my gold and buying stocks while they are down. Gold will probably drop when the market regains stability. When the market recovers sell my stocks and buy gold when it drops which it will when Aus dollar regains value.

Title: Re: Thank you Mr President
Post by freediver on Apr 8th, 2025 at 9:35am
Good idea to think about it.

Title: Re: Thank you Mr President
Post by MeisterEckhart on Apr 8th, 2025 at 9:36am

Leroy wrote on Apr 8th, 2025 at 9:13am:
I'm thinking about selling my gold and buying stocks while they are down. Gold will probably drop when the market regains stability. When the market recovers sell my stocks and buy gold when it drops which it will when Aus dollar regains value.

Good time to take profit from gold, but...

Gold has posted all-time highs despite market strength and higher interest rates for nearly 3 years. Most central banks and state actors have been buying gold in record amounts, including China, India, the US, Turkey, the central Asian republics, and even Poland, with no end in sight.

The Australian dollar has held at an average of 65c for over 3 years... recently, before tariffs last week, it was averaging 63c.

Interest rates are likely to drop dramatically over the next year, which is historically a stimulus for higher gold prices...

Title: Re: Thank you Mr President
Post by Sophia on Apr 8th, 2025 at 11:25am

Gordon wrote on Apr 7th, 2025 at 7:43pm:
Two weeks ago, wife and I moved 75% of our super into cash. One more drop and we'll put it all back in.

Also 2 weeks ago we bought a house and got a mortgage so big it will even keep me up at nights, but what I'll save from the speculated rate cuts will have me sleeping like a bebbe.

Thank you, Donald J


My oath that was good timing! Congrats!

Only way to get anywhere is being pro active with movement and if the risk pays off… kudos.


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