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I'm about to disclose how limited my knowledge really is, but have learnt heaps by reading HC. So maybe someone can help me out here. If I buy gold bullion from say Perth Mint for say $1500A (1000 US). If US dollar goes through the floor will that mean that my ounce of gold is suddenly devalued to something less than $1500A. I've been trying to work out the effect of this potentially likely scenario.
Also how does an Australian resident protect oneself from this situation. Short the US$? if so ,how?
Apologies to those offended by my lack of knowledge ,but thought the Gold forum would be a good place to get some discussion going.
