Plonk

Got Interest Rate thread

897 posts in this topic

AUD is a risk currency. I'd expect it to get slammed like last time. The gold holders will make a motza.

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I've just locked in 6 months term deposit with Ubank on 50% of my cash. If this all turns to sh*t quickly, then rates will get back down to 'emergency levels' once again. I just can't see how the current world economic situation is going to be transformed into a green shoots episode.

I'll watch how this all pans out and perhaps I'll put the rest of my moola in a term deposit. I wish I had the balls for physical gold or silver.

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I've just locked in 6 months term deposit with Ubank on 50% of my cash. If this all turns to sh*t quickly, then rates will get back down to 'emergency levels' once again. I just can't see how the current world economic situation is going to be transformed into a green shoots episode.

I'll watch how this all pans out and perhaps I'll put the rest of my moola in a term deposit. I wish I had the balls for physical gold or silver.

Buy a 1oz nugget (no natural nugget just the cast ingot). Cost you about $1400 at the moment. That is enough that you would be pissed if you lost it but unlikely to be on the streets.

If the aus dollar goes to hell or any of the insane theories come true you can go buy a few nice case of wine with your profits. If they don't come true you can buy a bottle of rum and watch pirate movies feeling like king of the world.

Win Win investment.

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All it takes is one bank to break ranks and lifts deposit rates and mortgage rates when the central bank lowers interest rates. It will set off a stampede of borrowers to default or renegotiate loans with another bank. The first bank to get back to responsible lending will be the one with the clean balance sheet.

Edited by sydney3000

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I've just locked in 6 months term deposit with Ubank on 50% of my cash. If this all turns to sh*t quickly, then rates will get back down to 'emergency levels' once again. I just can't see how the current world economic situation is going to be transformed into a green shoots episode.

I'll watch how this all pans out and perhaps I'll put the rest of my moola in a term deposit. I wish I had the balls for physical gold or silver.

For the record, I've backed out of this. Ubank systems were down on Friday night and the new account wasn't going to be activated till Monday, so mangaed to cancel. I'll buy some some gold when Kruddy does his stimulus payouts in a few months time.

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For the record, I've backed out of this. Ubank systems were down on Friday night and the new account wasn't going to be activated till Monday, so mangaed to cancel. I'll buy some some gold when Kruddy does his stimulus payouts in a few months time.

Why not do both?

(No, seriously. I'm in the same boat, all tied up in cash in high-interest savings accounts, and pondering whether to make similar moves.)

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For the guys / gals in Perth maybe we should all hit the mint on the same day and try to start a run on gold....

only kidding, I think we would need a little more capital to achieve that, unless our collective acting skills are up to the part of running down the streets in terror and running in and buying gold! Could get a few more followers.

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For the record, I've backed out of this. Ubank systems were down on Friday night and the new account wasn't going to be activated till Monday, so mangaed to cancel. I'll buy some some gold when Kruddy does his stimulus payouts in a few months time.

Why wait? in a few months you could have had massive returns on your gold.

Assuming one ounce of gold + 1 bottle rum per saturday that couple of months if like 8 pirate days for about $1500!

If you buy a little fish tank pirates chest it is even cooler. You can have the chest bubbling away and giving you an occasional flash of the gold during the movies!

Of course parrots aren't super cheap, you can get baby hand reared cockatiels for about 2 bottles of rum at most pet stores, and for maximum amusement I think you need two.

So let's say $1650 for 8 pirate days! About $40 an hour of sheer piratical joy!

Compare it to this: http://www.redballoondays.com.au/experience/STS453

And I think it is obvious that the superior investment choice is to jump in now! After all, when you join pirate investments you see a rapid reduction in hourly rates of piratical fun! After 2 months you can enjoy an entire 8 hours of nautical mayhem for about $40.

8 times as good as the internets offering!

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Why wait? in a few months you could have had massive returns on your gold.

Assuming one ounce of gold + 1 bottle rum per saturday that couple of months if like 8 pirate days for about $1500!

If you buy a little fish tank pirates chest it is even cooler. You can have the chest bubbling away and giving you an occasional flash of the gold during the movies!

Of course parrots aren't super cheap, you can get baby hand reared cockatiels for about 2 bottles of rum at most pet stores, and for maximum amusement I think you need two.

So let's say $1650 for 8 pirate days! About $40 an hour of sheer piratical joy!

Compare it to this: http://www.redballoo...perience/STS453

And I think it is obvious that the superior investment choice is to jump in now! After all, when you join pirate investments you see a rapid reduction in hourly rates of piratical fun! After 2 months you can enjoy an entire 8 hours of nautical mayhem for about $40.

8 times as good as the internets offering!

i was thinking of taking your advice with parrots and precious. surely it would have to involve coins not bullion? i bid on a few ebay coins but they sold way to high.

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i was thinking of taking your advice with parrots and precious. surely it would have to involve coins not bullion? i bid on a few ebay coins but they sold way to high.

Coins I admit would probably be better and I may actually get some of them when I am rich. But the premium cost for the coins is just so gnarly it means you have to sacrifice on rum / parrot quality or watch dreadful pirate movies (oh... wait, they all are. Hooray!).

If I go coins I am probably going to try and go super cool arse coins. I assume the premium on them is outrageous.

Oh oh oh I forgot to mention my next investment plan. I'll let you guys in on the ground floor for this one.

I am going to start buying samurai armour. You can get some pretty nice pieces for around the 12K point...

Check this out.

Saturday is gold investment review day. Rum, parrots, gold and pirate movies.

Sunday is antiques investment day. Training in the morning then sake and kurosawa (maybe even some wolf and cub) while wearing real armour (I am not sure yet how wearable the armour is, I might have to just wear hakama and keikogi while sitting close to armour).

AWESOME!

I have even picked out a small area in the garden where I can build the antiquities investment review panel room. I am planning on a small japanese / chinese tea room style with some safe areas for storing the armour and weapons.

Given how well my last stupid investment plan worked (Rum and Pirates) I figure this one has legs.

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the problem is finding movies worthy of a bottle and playing around with it

pirates of the caribbean is well worth it

peter pan

the die hard one with fort knox

:huh:

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More bonds after a quick search

(the returns after the date are 6M, 1YR, 3YR, 5YR and 7YR), ranked top to bottom on 1YR return.

Aberdeen Diversified Fixed Income Fund 31 Mar 2010 6.08 24.16 7.66 -- --

EQT PIMCO Wholesale Diversified Fixed Interest Fd 31 Mar 2010 6.54 18.76 8.05 6.69 6.57

CFS FC WS Pens - FirstChoice WS Fixed Int 31 Mar 2010 4.51 12.38 6.13 5.60 --

United Sector Leaders Fixed Interest Fund-Class B 31 Mar 2010 4.69 11.92 7.16 -- --

United Sector Leaders - Fixed Interest Fund 31 Mar 2010 4.61 11.75 6.95 6.30 5.75

Optimum Corp Super Macquarie Diversified Fixed Int 31 Mar 2010 4.26 11.21 4.54 4.90 --

Optimum Pers Super Macquarie Diversified Fixed Int 31 Mar 2010 4.26 11.21 4.54 4.90 --

CFS FC WS PersSuper - FirstChoice WS FixedInterest 31 Mar 2010 3.94 11.08 5.25 4.79 --

First Quest AP Macquarie Master Div Fixed Int NTP 31 Mar 2010 3.95 10.83 5.21 -- --

UBS Diversified Fixed Income Fund 31 Mar 2010 4.61 10.79 7.04 6.28 6.25

Synergy (AP) Macquarie Master Div Fixed Int NTP 31 Mar 2010 3.93 10.76 5.35 5.60 --

Synergy Sup-Macquarie Master Div Fixed Interest 31 Mar 2010 3.45 9.36 4.43 4.92 --

ANZ OA AP UBS Div Fxd Inc - EF/Sel 31 Mar 2010 3.91 9.23 5.62 4.89 --

ANZ OA TAP UBS Div Fxd Inc - EF/Sel 31 Mar 2010 3.91 9.23 5.62 4.89 --

ING OA AP UBS Div Fxd Inc - EF/Sel 31 Mar 2010 3.60 9.04 5.55 4.86 --

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Why not do both?

(No, seriously. I'm in the same boat, all tied up in cash in high-interest savings accounts, and pondering whether to make similar moves.)

I'd buy gold if I had spare cash to invest and had no mortgage and would speculate for the hell of it.

I'm a renter and my savings are in the bank for a future house purchase. I'm feeling nervy with the banks and the economy turning to poop.

I'm risk adverse. What to do, what to do?

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For the guys / gals in Perth maybe we should all hit the mint on the same day and try to start a run on gold....

only

Great idea and I know a little bar not far from the Perth Mint which is quite decent. We could meet up there. cheers.gif

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I'd buy gold if I had spare cash to invest and had no mortgage and would speculate for the hell of it.

I'm a renter and my savings are in the bank for a future house purchase. I'm feeling nervy with the banks and the economy turning to poop.

I'm risk adverse. What to do, what to do?

well 6% risk free in savings doesn't sound like a bad idea if you are trying to park funds for a short-term interval (for me short term = under 10 years) shares are far too volatile if you plan on accessing that money soon. its not glamorous, but savings are probably the way to go.

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well 6% risk free in savings doesn't sound like a bad idea if you are trying to park funds for a short-term interval (for me short term = under 10 years) shares are far too volatile if you plan on accessing that money soon. its not glamorous, but savings are probably the way to go.

6% is tops IMO. I have some bond exposure as well. Capital Guaranteed 6%? take it.

If SHTF and rates drop, you'll be laughing.

Shares suck for buy and hold, its gamed. I say that as someone who longs and shorts indices. Buy and hold is dead, its just a poker table thats in the Ponzi room at the casino.

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Great idea and I know a little bar not far from the Perth Mint which is quite decent. We could meet up there. cheers.gif

Sounds good.

I believe there will be other takers if we do it in 3 weeks time too. Just hope we don't miss the last chance to get gold sub AUD$1350.00?

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Sounds good.

I believe there will be other takers if we do it in 3 weeks time too. Just hope we don't miss the last chance to get gold sub AUD$1350.00?

Look forward to it. :cheers:

If the AUD free falls to say 60c as it did unimpeded with the last crash*, thats AUD$2250 gold straight up without a gold rally usd.

Wulfie will be on his back in an orgiastic frenzy spinning on his back impersonating a morteened cockrach with a sh*t eating grin ear to ear.

*July 2008 to October 2008 from 0.98 to 0.60

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Encompass Credit Union raises variable rates by .25%:

http://www.ratecity.com.au/home-loans/

01-Jun-10 Encompass CU increases variable mortgages by 0.25% Eff: N/Ex-1/6

Their members won't be pleased. The CU has a strong working class background and membership. Looks like this is the first rise beyond the official cash rate for this month.

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http://www.marketwatch.com/story/brazil-lifts-rate-to-1025-meeting-expectations-2010-06-09-1916100

Brazil lifts rate to 10.25%, meeting expectations

By Carla Mozee LOS ANGELES (MarketWatch) -- Brazilian monetary policy makers late Wednesday voted unanimously to raise the country's key interest rate to 10.25% from 9.5%. The decision met widely held expectations. The bank said in an accompanying statement that it will continue the process of adjusting monetary conditions to ensure the convergence of inflation to its target. The bank started its latest rate-tightening campaign in April by lifting the Selic rate from the historic low of 8.75%. Earlier Wednesday, the country's Census Bureau reported a 0.43% rise in May consumer prices from April, below the Dow Jones Newswires estimate for a rise of 0.46%. Annual inflation now stands at 5.22%, above the central bank's target of 4.5%.

Quite the hike.

Edited by Plonk

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If unemplyoment falls to 5% next month and CPI is above 3% Stevens may go +25bps again in August (assuming no global SHTF by then).

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If unemplyoment falls to 5% next month and CPI is above 3% Stevens may go +25bps again in August (assuming no global SHTF by then).

My thoughts exactly. I see the ASX Target Rate Tracker is slowly moving from a decrease to no change. I expect that soon to show a chance of a rise.

Cheers

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