Assuming there is a rise to say $2500US for gold at some point ( possibly 2021 or 2022), it will be interesting to see where the A$ heads. In 2011, when gold spiked to all time highs, our dollar went to parity. More reasonably though, the US Financial system was on the brink and so it was a reflection of the US$ sinking.
This time, all the Central Banks are simply printing a mountain of money. Seems unlikely Australia will do as well with regard to currency this time round- hard to predict
BDC Price at posting:
6.6¢ Sentiment: Buy Disclosure: Held
