"Of course the POG may go higher but some of the figures I've seen bandied around HC are utterly proposterous!"
My comment:
Why preposterous? Gold is internationally priced in US dollars. You can't print trillions and trillions of US dollars and expect the US dollar to maintain its value and its purchasing power.
"Let's face it most Aussie goldies certainly haven't capitilised on the significant increase in the POG over recent years."
My comment:
Let's face it. In real, properly adjusted for inflation terms gold is still very, very inexpensive. Adjusted for inflation back to 1980 prices gold currently is only about US$200. THAT IS LOW. The gold price is being manipulated with billions of dollars of paper masquerading as gold being sold and has yet to break free from what is becoming a more and more blatant manipulation.
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