pog, aud & qe., page-7

I think one thing you may have missed there GC is the flight from USD into commodity based currencies. When the USD goes belly up, GOLD is not the only option for protection of wealth. The carry trade is not dead and 3% coupled with a strengthening AUD would look very inviting to some IMO. As I have stated time and again here I don't think a meteoric rise in POG in USD will equate to the same in USD. will we go past parity and beyong??? possibly.. But looking at the wallowing POG in AUD I think people should be very careful about dismissing the AUD and another USD type basket case.
T