If Zeberg thinks DXY can rise to 120 during deflationary bust, that would be about 17.5% rise from here, and if Gold could retrace to $2000 that could be a -26% decline from a possible $2700 top in the BlowTop phase.
But if DXY could rise by 17.5%, AUD against the dollar could fall by -20% to an incredible 53.4c and at US$2k gold, that would be A$3745 gold in AUD terms, which is exactly where Gold is at today.
So this presents a scenario that AUD Gold [but not Aussie gold stocks] would likely stand out as a safe haven in global turmoil even as Gold declines then. A AUD Gold ETF and AUD physical/digital Gold would provide a hedge against a declining Aussie.
