niako
IMHO gold doesn't need to do anthing more than hold its' actual value over time. I hold to my previously posted view that the current price simplly reflects a futures contract on the relative value of fiat currency.
Anyway ..... gold is now around AUD 1571 and the price of extraction (for hte next few years) @ CGT is likely to be between AUD800 and AUD 900 IMHO.
On top of this I doubt that the AUD will hold its relative strenght ..... but this is anyones guess of course.
For CGT at least it looks like clear sailing.
cheers
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