Gold and the AUD.

Discussion in 'Gold' started by Peter, Sep 22, 2011.

  1. Peter

    Peter Well-Known Member

    Joined:
    Jul 28, 2009
    Messages:
    2,635
    Likes Received:
    121
    Trophy Points:
    63
    Location:
    sydney
    So ,gold falling in US dollars,rising in Aussi dollar.

    Aud is based in raw commodities and so will fall when it is seen that
    raw commodities(iron ore,etc ) are no longer needed.
    It is also a speculative currency and you get high interest if you park your money here.
    Money that will be withdrawn on fear , in my opinion.

    AUD to 70c USD?
    Gold in Aud up 30%?
    ;)

    Silver down 9% in AUD.
    Might indicate what will happen in a major crash.
    Silver is speculative,gold is safety.
     

Share This Page