gold bullion or paper gold, page-7

QAU is one of the better ETFs backed by physical gold and audited. What I like about it is that when gold is rising in USD terms and the AUD is rising much of the gold price increase can be wiped out by a strengthening AUD, with QAU the AUD/USD is hedged so you get much stronger returns

http://cms.betashares.com.au/cms-admin/_images/826439694dec898dd3811.pdf

I have significant USD business exposure , all my suppliers are paid under USD denominated contracts , so if the AUD crashes I can get cooked very quickly, so Im forced to take a keen interest in hedging the USD/AUD price relationship.

I tend to buy Gold.asx on a falling AUD and QAU.asx on a rising AUD

In my view either of these products are fairly safe, QAU is run by the Bank of Canada and GOLD is run by HSBC.

I will still aim to take physical deliver of gold if you can for the majority of your holding