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05/12/22
15:04
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Originally posted by ghostwriter:
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2000 USD puts AUD at around 2950 at todays rate of 68c for the little Aussie bleeder. Producers locally have already been running off their lows in prep for this - but will run some more especially if the bleeder gets back to mid or low .60's. You might also see the likes of Van Eck et al. go on a buying spree for their funds in the Oz gold space. Hard assets will shine as the northern hemisphere goes into a bleak winter. We await.
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Do you really think that a hard-up population are going to be 'stacking' gold bars when interest rates are rising, house prices are tanking and the job losses are starting to mount up?