2012 should be brilliant for gold ...., page-12

Bravo ctindale

Now in terms if gold if your 0.55 AUD USD cross rate occurs then gold in AUD goes UP EVEN if there is a DECLINE in USD gold. USD gold would have to fall to below $850 USD for this scenario to not work.

I favour this scenario for the following reasons:

1. Australians are not gold market makers (i.e. Australians who buy gold are a blimp on the global screen)
2. Fiat across the world will be in dissoray. USD will be less trusted (although still reserve currency)
3. There will be a growing interest/ need to exchange wealth via gold transations (avoid fiat conversions etc)

Whilst there is a possibility that AUD POG will fall from here it would seem to me to be a very low likelihood.

GC