The truth will probably lie somewhere between your dismissive assessment and that which us gold bulls see. And I hope you're right because the extreme scenario mentioned by bugs is anarchy, and I aint no anarchist!
As for the Au$ it will rise in spite of the fact that our balance of payments is terrible and our personal debt is at least as bad as that of the Yanks. Why? Japan is about to come out of the tunell and China will have a bigger middle class than Aus and NZ have citizens. This middle class will buy our resources and be our tourists.
These "Good Times" will put pressure on POG in local currency.
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