Gold price, page-4487

@Gold Emperor It's not just versus the US dollar though, one can see a series of higher lows against EUR, CNY, GBP, SGD etc and is making 12 month highs against these currencies now, and soon would need to go back to 2013 to find a more favourable exchange rate. So I woulda thought that unless there is a property bubble burst, or bigger interest rate cuts, or some kind of economic shock, the AUD will remain in this climb against other currencies.

Australia straddling Europe and Asia through historical and geographical ties really is a boon, and being so large with so few people, and a plethora of natural resources has certainly made for a robust economy, from riding the sheep's back to riding iron ore, Australians have been rather fortunate. IMO the problem at the moment is obvious, and it stems from shonky banking practices. Monetary policy is clearly lining the pockets of the elites to the detriment of everyone else, given this is essentially taxation spending they are literally robbing the poor to give to the rich, and not just the poor, but the poor's grandkiddies also.