Gold charts, page-8

First 8 Last

Share
Profile

Follow
Forged

12,638 Posts.

138

18/08/18

16:33

Post #: 35014016
Share

Originally posted by pete11 ↑

I think this is a cynical way of thinking, but if us aussies want our gold to go up, we want the AUD$ to basically crash, like in the above countries, gold has gone up if you were living in those countries, because your currency is buying less and less US$, so what has to happen for the AUD$ to drop to US$50c and below?

our economy will have to get worse and worse, Sydney and melb house prices would have to come down 20-30% , lots of people defaulting on their home loans and credit card debts, unemployment would have to go to 10%+ officially, govt would get less revenue so they will have to increase all sorts of taxes which in turn will slow consumer spending even more.
Vote in the greens? they will destroy the aussie economy under the scam of protecting the global climate, they will ban mining, they will ban mining and oil/gas exploration, they would probably put very tight restrictions on everything to do with the little industry we have left in Australia, they will put taxes up for business and the middle class, all to increase welfare for the unemployed, they will waste billions on foreign aid whilst peoples standard of living here goes down, and for the indigenous who get $30billion/yr now anyway.
So if you want our economy to collapse, vote in the greens and im sure gold in AUD$ will be way up.

Expand

This is how you should vote:
Green: Poor dad & think that life in unfair

Labour: Dole lovers, prefer to play than work

Coalition: Business minded & rich people

One Nation: ——— haters. They should not be here.

Sex party: Swingers, sinners & addicts
1 Upvote

1 Great analysis

Reply

Top Stories

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

HXL

Hexima shares rise 66% on proposed acquisition of AI player Real Thing Entertainment

BGL

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

PEC

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

OPL

Opyl forms JV with UK and US consortium to bring products to the world

Acquisitions roundup: European Lithium, Diatreme Resources and SRJ Technologies

AAI

NYSE-listed Alcoa Corp joins ASX through key JV acquisition

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

MM1

Geochemical work at Newington picks up gold and copper anomalies for Midas

Quarterly & half yearly reports: Drives Newmont up, Ampol flat, while Fortescue plunges 2.6%