GOLD 0.51% $1,391.7 gold futures

I support gold as an investment, its certainly real money and I...

  1. cya
    3,836 Posts.
    I support gold as an investment, its certainly real money and I support that. Gold will appreciate against everything not just currency, but its like to appreciate in a comparative fashion not measured in paper currency terms, if the ASX falls to 2000 and the AUD falls to say 55c, with RE prices falling 50% then gold at 1000 has appreciated , if it stays where it is today its the same as $5000 USD gold would be today.

    The most likely currency to hyperinflate is the Yuan. The Yuan is almost the perfect set up for hyperinflation, its a controlled lightly traded currency where the money supply is growing faster than any other country. The Chinese have hyperinflated twice before once during the Boxer Rebellion and again in 1947-51.

    Folks would do them selves and their a country a favour and start looking in their own backyard, australian monetary policy is worse than the Fed



 
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