the aussie dollar gold price .., page-3

I find nothing more frustrating how illogical our gold equity market is. When gold is doing well in our currency and our gold miners are often getting smashed because the US dollar gold price might be falling.

American investors never have to put up with the gold price soaring in their currency while at the same time their gold shares are getting smashed.

Similarly the craziness of our gold shares rising when gold is doing nothing in our currency or even falling because our currency is strengthening against the US dollar by far more than gold is rising in US dollars.

How about Australian investors basing their investment decisions in Australian gold shares on the Australian dollar gold price?

I reckon the Australian media has a lot to answer for. If the Australian media quoted rises and falls in gold in our currency we may well then be able to make some sense out of our gold equity markets. Gold shares will then rise when the price of gold is rising in Aussie dollars and fall when the price of gold is falling in Aussie dollars.

We are not Americans. We do not live in the USA.

The American media doesn't quote the Australian dollar gold price each day and frustrated and confused Americans buy and sell gold and gold equities based on the Aussie gold price.

So why are we making our gold investment decisions based on the US dollar gold price and not the Aussie dollar gold price when we pay for our gold investments in Aussie dollars and when gold miners' profits are reported in Aussie dollars?