Interesting argument - but if many Australian mines became marginal and were mothballed due to high AUD, this would also constrain the supply, which would in turn drive the price up further (in a free market)
If other high demand commodities were marginal as well, and mines were mothballed, export would drop, demand for the AUD would drop and the market would find a balance.
- Forums
- Commodities
- GOLD
- au dollar could reach 1976 level of $1.40
au dollar could reach 1976 level of $1.40, page-2
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online