gold has always negatively correlated with interest rates. Gold would most likely see spot prices come down
I find the concept of using gold to back a currency totally baseless. Currency is backed by countries output or GDP.
I agree with warren buffet. Gold does nothing but just sit there and look at you. Gold cannot back a currency because the price of gold is determined by currency.
Gold I’d love to own gold merely for the purpose of holding something so precious, not for an investment or for any other purpose, just to hold an admire it.
But I’d only buy gold when AUD is on parity against USD and spot prices correct during a rise in interest rates.
is the Perth mint the best place to buy it?
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