gold price may avalanche, page-13

Australia is NOT a market maker in the POG except to say it is a major supplier hence supports the year to year availability in the stuff.

So, when our dollar STOPS being valued as high as it is (i.e. commodities boom slumps - aka china meltdown) we will no longer be EXPORTING our inflation. That's right EXPORTING our inflation.

When the dollar slides on the cross rates we will be forced to pay higher prices for all the things we love and enjoy (IMPORTED), with less money and with fewer supporting jobs (unemployment to rise).

Consumables will rise in price, assets will fall in price.

Back to my original comment, Australia is not a market maker in gold so when the proverbial hits the fan the AUD denominated POG will more than likely rocket up withought any significant buy/sell changes in the domestic market.

AUD GOLD is a great inflation hedge for the coming avalanching markets!!!

GC