finding support, page-19

Granger, as I have explained previously, the hedge is smart, the USD is already on the decline, trillions leading to zillions are being given away by the US treasury, up till now the US government has avoided inflation by selling bonds to the chinese, who have now admitted they are concerned about their security, i.e they won't be buying any more and ideally will be trying to offload them. The only way to fund the US giftgivers is now printing money- you have a recent model for that,

Zimbabwe, if you think that is one off see

Argentina, if thats not enough try

Deutschland after WW1, 10000 marks that would have bought a car in 1914 would not buy a loaf of bread in 1933

Hedging the USD was one way, but hedging in kiwi solves a lot of issues- a big tick for me, they will be profitable over 2009-2010 no matter what happens unless the US dollar falls and the gold price also falls.