ouch. edit as in ouch that's gonna hurt. things like this make it hard to see the aussie dollar falling much any time soon.
Isnt this what Zimbabwe done and what happened to it? Think they need to stop throwing money at the problem and start fixing the problem seriously.
Is that because you think all countries will by forced to devalue as well just to remain competitive, while rising commodity and input cost prices will drive inflation ? Or for some other reason?
Sounds like an act of desperation to protect a dying patient in all honesty. When all else fails - print. It's like giving cyanide to a dying patient, hoping for a cure. I don't think the Australian dollar is a safe haven at all, it'll just be one of the last to sink as the rest collapse like dominoes and global panic ensues. But in the end, no fiat currency survives. You think anyone will want the Aussie dollar if another country goes back onto a hard metal standard? Will you buy Aussie dollars if the Yuan goes onto a gold standard?
Japan will also re-enter the nuclear energy market in a big way this is pro-uranium, U stocks have soared recently