Hi Im a recent believer in the power of gold. Working in the UK I have seen my foreign purchasing power eroded. For example about 30-40% has been lots against the Aussie and quite a lot too against the Euro.
Im lucky I also have Australian dollars so am protected.
The news from Europe continues to be bad. German and Dutch GDP has hit the skids.
Smart money is quietly accumulating aussie gold shares.
Surely diversification across all the different gold investment classes is key.
What I want to know is - is there a gold ETF on the ASX?
gold bullion or paper gold, page-8
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