I just wish that Aust $3000 gold was inevitable this year! I thought that we were going to get there easily a few months ago, now not so sure anymore. It would not surprise me if the Aussie $ made a run towards .80 cent US in the second half of this year, it the gold price continues its upward movement in UD dollars. Still, we can't begrudge our Yankee gold stackers too much, they have had a lean time of it for so long that it is about time that they had record gold price in their dollars as well.
What is really disturbing is that something has clearly happened recently that has the Australian government worried enough that they are preparing for kinetic warfare with China. Interesting too that Australia and India have just announced a joint naval agreement that each country can now re-supply their warships in each other’s ports. Australia guarding the South Pacific while the India’s navy guards our flank in the Indian Ocean and protects it’s interests there? The gold price might start looking like the ball in a pinball machine soon.....
Was thinking this too as Morrison has been amping the rhetoric about our military etc. The below comes from an independent Indian source but lays out in a quick and simple way the exact point you raise re Indo-Aust Nacy agreement. Regardless of the so called "ANZUS Alliance" I would not like to see our Navy go head to head with the PRC.
Everyone is prepping for war now, gotta pump up those oil prices at all costs. Covid deaths will seem like child's play.
Not surprising to me as ScoMo is just Trump's 'wannabe'.... maybe ScoMo has already bought a block of land in Delhi next to Trump's complex
Man we need to build some oil refineries. Being dependant on tankers from Singapore for every drop of fuel is our biggest vulnerability with China. They could cut of our fuel supply so very easily....
It's sad and tragic really that folks are blaming ScoMo for China violating the international agreement regarding Hong Kong.... One cannot pick and choose which UN treaties to adhere to and which not. If UN does not condemn China over the breach of the treaty, what good is UN for anything at all? Reminder: Since the handover in 1997, the key has been the precious concept of “one country, two systems”, enshrined in Hong Kong’s Basic Law and underpinned by the joint declaration signed by Britain and China. This guarantees Hong Kong’s “high degree of autonomy” with only limited exceptions such as foreign affairs, defence or in a state of emergency. The declaration adds: “The current social and economic systems in Hong Kong will remain unchanged, and so will the lifestyle”, including essential “rights and freedoms”. The National People’s Congress in Beijing decided to impose a national security law on Hong Kong that curtails its freedoms and dramatically erodes its autonomy. This is in direct conflict with its obligations under the joint declaration, a legally binding treaty registered with the United Nations.