Chuckey Ive been saying for a long while that the USD haters are looking in the wrong direction
AUD has been expanding much faster than the USD for a decade, so relatively there are many more AUD than USD than there were in say 1999
Our combined private and public debt to GDP ratio is about the same as the US
if China collapsed then it would be lights out Australia
We could suffer an income shock that skyrockets out debt to GDP ratio in a very short time frame
AUD is a massively over inflated currency and could well collapse well before USD
Gold then makes a lot of sense as a protection against the crash of the AUD
if AUD crashed at the same time as gold rises in USD terms due to an oil/Iran crisis similar to 1979-80 then AUD physical gold could be one of the major trades of 2012
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