got gold?, page-4

  1. 1,544 Posts.
    They used to say "America sneezes, Australia catches cold". I don't believe much has changed.
    Our personal debt is even greater than that of the Yanks and National debt would be worse if other nations would only lend to us, no questions asked.
    Oh! and our mortgages are mostly variable so that home owners are more vulnerable.

    I haven't a clue whether our mortgages will simply inflate away as they did in the seventies or the rates will break us as they did in the eighties. I'm about to try and lock in fixed rates as an each way bet.
 
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