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Just remember that there is no hype as regards gold or gold shares with one exception, Kaplan CNBC has stated that gold and gold shares will go up. An apparent Guru on US TV ... ???

Whilst a contrarian would have invested in gold and gold shares, the overnight increase on the XAU without volume, on top of the physical gold sale announced by the Swiss may be a misleading indicator. The Oz gold shares have already bottomed so it is a good time to buy. If you do your sums right then check this out.

NDY dividend 6.73% @ current levels
Bank Loan 7.5%. Interest only secured residence.
If you plan for retirement then invest say $100K into NDY with cash, borrow against your home for say $200,000 and invest into NDY.
The interest is tax deductible. if you prepay 12 months prior to June 30, a big tax deduction.
The imputed credit is at 36%, currently! This will drop to 30% next year - but note that companies have to get rid of the 36% accumulated in there franking account so special dividends may be declared.
The shares franked dividend pays back the loan at around $14250 per annum and you have to come up with the balance. Roll loan over each 12 months but hold for 10 years, at a predetermined retirement date.
You can sell at a later stage (after 12 months) with CGT halved... just pick a date when share price is high ... currently at a double bottom so anywhere up there is the previous high!
If you look at Caltex and a couple of other shares you could mix and match!
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