If the U.S. Dollar tanks which it will do sooner or later, history tells us this will happen to all reserve currencies, then the aud will tank along with it as will most fiat currencies.
GOLD as always will remain the same and preserve your wealth as it has always done. It is not GOLD that is spiralling out of control here it is the fiat economies.
Australia is in a very similar position, with a piss ant 80 ton or so. All this AUS GOLD is in the vault in London.
Or is it?
The RBA has been shorting the aud in an attempt to take it down, but the aud just keeps bouncing back. The RBA continues to lose our currency. The RBA as far as Im aware is printing money. It has been given 8 Billion aud to waste on an attempt to short the aud down.
They will lose all this as 8 Billion is a pittance when compared to the money that flows into the aud. 8 Billion down the drain.
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