General Comments / Chat, page-321

An alternative reason for Au dropping in the US follows one of the basic reasons for owning Au. Gold is globally accepted as a store of value. It can be argued another reason to own Au is it's "Rainy Day" convertibilty into money -- still accepted at face value almost everywhere, Woolies, margin calls. (Hey, it's a less gloomy-doomy narrative at least.)

Today, now, is The Rainy Day. Au is performing its function, hence a reason to explain part of its fall. Although the USD5T paper market would be a factor -- watch the C0Ts.

I didn't know about the Australian government confiscating Au in 1976.

Now Au in USD is $1487.30, up $1.30. In AUD it's $2507, up $31.96. I'd say a great part of Au's rise in AUD is currency related.

Rest, recuperate... Get ready...

OV