A low australian dollar isn't as beneficial to the VanEck's as it is to ours. Explaining why sp for aussie goldies is red whilst pog in australian terms remains bright green. VanEck's profits are indirectly governed by POG in USD terms which is of a lesser importance to Australian investors.
With the Baltic Exchange Dry Index barely above 2009 levels. It seems insane debt levels are biting into the worlds purchasing power. Choking china's export market, thus oz dollar, for the foreseeable future. Its hard to believe that world debt levels won't continue to worsen over the next 10 years, as it has over past 10 years. with no cure in sight.
With gold as high as it is in Australian terms. With grades as impressive as Bellevue. It might pay to ignore the short term noise.
A low australian dollar isn't as beneficial to the VanEck's as...
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