Australia's $700 billion term deposit market is dying. By ASICs reckoning, three years back, there was over $700bn in term deposits alone in this country,...

Jordan Eliseo

The Perth Mint

Australia's $700 billion term deposit market is dying. By ASICs reckoning, three years back, there was over $700bn in term deposits alone in this country, representing just under 40% of the total pool of deposits. That total pool, which is worth more than 1 year of the countries GDP (and enough to buy every ounce of gold mined globally for the next 15 odd years at todays price incidentally), is dying - as record low interest rates and higher (though not yet high) inflation eat away at its real value. And make no mistake - the trend is only likely to worsen, with a cash rate that might hit 2% by 2015, and inflation that could well pick up, especially if the RBA gets its wish and the AUD hits the low 80s Will this trend support equities and property - you bet. But it will help gold more more details here (VIEW LINK)


Gold bull since early 2000. Have spent +20yrs working in investment analytics, research & portfolio construction. Author of two books on investing in gold and the causes of the GFC. Lover of markets, competition & technology

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