"Longer term decisions get made after the initial flight to...

"Longer term decisions get made after the initial flight to safety. Gold gets bought then. 'Risk on' activity remains subdued thereby keeping currencies such as the AUD DOWN. Gold in AUD rockets!!!"

Keep in mind also that in 2008 when the US financial system was collapsing the AUD went down against the USD. Justification for this was because if the USD economy failed then the ripple effect across the globe would result in China's demand for resources slowing thus slowing our economy. Kind of weird that the US economy is collapsing and ours is slowing yet the USD goes up against the AUD?? Keeping that in mind and how the AUD went down against the USD last year in the European crisis and this years US debt cap debacle its telling that when this debt crisis really unfolds the AUD will take a dive again. GOLD will eventually head up when it unfolds and GOLD in AUD will rocket.

Keep accumulating gold producing companies and gold IMO!