gold rising in all currencies ... willie, page-21

the folks that are obsessive about gold rarley understand the broader picture, they rabbit on about fiat currencies and gold like its a religion, rarely do they understand the academic work that they base their forecast on, folks like Hayek, Von Mises, Schumpeter etc wrote about fiat extensively.

Sinclair is a tabloid gold bug, all sensationalism and little content

There are a multitude of scenarios that are possible going forward, the simplistic one of all currencies collapsing and gold skyrocket is naive in the extreme.

I the Peak Oil folk are right and we are at the limit of production then we wont be able to mine the stuff anyway. l

You could have AUD out perform USD Gold then where are you?

AUD gold investments could show minimal returns

Remember golds not going up its the USD thats collapsing

another scenario might be $150 USD oil, taken with the a collapsing US dollar, Aust miners would have to carry two bags of concrete on their back

A $60 price increase in oil could turn into a $100 increase if the US dollar crashes against AUD, remember AUD has increased against the USD by 34% since the beginning of 2004.

those of us who are old enough remember asset/currency/price controls, do you folk think that wont/cant happen again?

sure the worlds governments are going to sit on their hands and watch their currencies get destroyed while gold rises like a phoenix lol

Yes golds going up but there is a very big swag of scenarios that might unfold , so dont put all your eggs in one basket