GOLD 0.51% $1,391.7 gold futures

gold vs $aud, page-4

  1. 4,618 Posts.
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    hold gold is the deal in situations like this.

    if you don't already hold then ........ the choice is interesting. Do I buy while it rises ???? Do I buy when it falls (will it)????

    The POG in AUD is sure to rise from here (AUD drops as USD perversely rises). Its times like these that current holders MAY sell a little with a view to picking some back up (with interest) on the correction....... but this is the dilemma is there a correction coming.

    Oh the choice is so much harder when the action is happening - don't envy you there. Long term however the choice is clear (at least in my humble opinion).

    My advice is loo at the price action during the last GFC (in USD and AUD) and note how things panned out. This time is no different except for one thing, the stakes are getting higher (sovereign and fiat instability).

    GC
 
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