Beanboy, I'll assume responsibility here. As I stated either...

Beanboy, I'll assume responsibility here. As I stated either looney or Nostradamus. The difference is you are an analyst of past events and I see myself as a predictor of future events. The analyst (hindsight) in me sees you as right but the predictor of the USD falling is unfortunately rapidly becoming true. Have a look at the charts for the rapid rise in the kiwi and the AUD over the last month. The US government has just committed to purchasing stocks on market, that is crystallising the printing of money- keep a watch on inflation rates and the weakening of the USD as a result. One might question the price of the hedges but not the principle of hedging which again I agree with. It will be the price of gold in kiwi which will determine the value of the hedging finally.