AFF Member Stock Discussion

[cove]

Disney World is near Orlando so no it is not adjacent to the coast. Our little granddaughter thinks of Disney as Mickey’s House. I used to go to Orlando as we had a supplier there.
Interest rates in the US are rising.

 

[Quickstatus]

Looks like all condos in Florida are affected since the building collapse not just those within a certain distance of the ocean
- they must have adequate repair reserves and cannot kick the can down the road like they used to

I note QF is taking their A380 from the transpacific routes and putting them onto the SYD-SIN routes.
Perhaps travel into US has declined.
I remember when we visited Mickeys House years ago, there were a lot of Condos in the Kissimmee area for Shortstay rental

US Bond selling apace pushing yield beyond 5%.





10 year US bond Yields up and up from massive sell offs.

 

[cove]

Today NUZ got a lift with an update on their ALS trial program. Worth a read.
Some European nations have been moving their gold reserves out of the US. I do hope Australia has its gold reserves in Australia.
Japan’s currency has slumped but we wouldn’t go there in the hot sticky month of September.

 

[Major]

Australia's actual gold of our reserve is held in the Bank of England in London

 

[moa999]

Australia's actual gold of our reserve is held in the Bank of England in London

What's left.
We sold most of it back in 1997 at US$306/Oz raising $2.5bn. Today worth about 15x that