You are right be we must also remember Australia does not control the gold price, its a global market.
Sometimes people make the mistake of looking at Australian inflation as market maker but it appears to be a world issue. You cant eat gold in a recession. India on the other hand appears to be more of a market maker, moreso than China.
Interest rates in Australia could reach 15%, 80% of Australians have less than 400k debt and have a double take home income of 120k plus. If global households can withstand 15% which takes 50% of take home income, then gold could reach a lot higher. It will take a giant move to slow inflation.
The suspense is killing me, page-37
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| RMS (ASX) Chart |