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Originally posted by david25:
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Gold price $ 1,720.25 usd or $2611 aud Around 90% of RMS profits are created from a foreign exchange gains. At $1700 ounce RMS would struggle to make a safe profit margin. The United States stimulus will deflate the USD which will result in the AUD rising and our profits falling. The fall of gold back to 2600 usd is a deflationary signal. Gold could fall back to 1400 usd with an exchange of $1.10 aud. The gold price would only be 1300 aud an ounce. 2009 to 2010 the gold price was 1200 to 1400 usd ounce. 2009 to 2010 the aud was .90 to $1.05 usd Technically gold could fall to $1250 aud ounce with an theoretically exchange rate similar set of circumstances.
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