inflation fears set in, gold was up despite $ , page-7

I was kind of hoping the Chinese would get their act together and keep the AUD going but having read Shedlocks post on China I'm thinking more that 2010 will be grief everywhere with very few places to hide (ghosts of ctindale all around!)

http://globaleconomicanalysis.blogspot.com/2009/12/china-faces-crash-scenario.html

So the AUD may tank as commodities tank and PM's in Oz may be the place to be? (those idiots in Canberra have no idea of the status of goldmining as an asset to Oz but maybe the world will catch on that the AUD is a goldmining currency and stay up in a relative sense?)

? miners - who knows

I have been reading Armstrong's papers (easy to read and amazingly sensible and informed for a guy in a Fed prison - no-one I know seems to have his historical depth)

..and what I'm starting to understand is that shares are a "portable asset" and as they did in the Depression years may very well preserve wealth (Faber thinks like this)

we may even see company shares reach a new high if the word gets out that devaluing currencies and deflating property (its going to be taxed heavily I reckon by them "kleptocrats")and useless bonds ...means punters have nowhere else to go and maybe the POG will go sideways if China and India flip but with miners here digging up what the world increasingly understands to be "money" our local and international gold industry may be the only show in town

well lets hope so (: