nuff said!!, page-11

Gentlemen,

i caught a radio report that

"the european commission has recommended European Trading Banks prepare contingency plans on the basis of a seperation of some or all countries from the EURO and prepare future operational plans on that basis"or something basically similar to that.

What was interesting was,it was not what i would call a radio station that would normally mention much more than the current road report,or list of car accidents.

So the EUROPEANS aren't playing America's lets print money games,or at least resisting doing so.

The FML Question to consider-will Australia peg itself to the US$ as it appears to be doing "at the moment"and for the last few months, or to a "basket of other trading currencies"

If it does the latter,one could see the price of gold FALL in AU$ while continuing to escallate in US ones.

If you know the answer to this question,you know how profitable an investment in FML or any other aussie gold producer will or won't be over the medium term.

I suspect,in the end,the aussie dollar will be balanced against major trading partners.

DYOR+DYODD