In fact it's falling against most currencies. It's rising against the US dollar because of the lack of confidence in that currency. It has been falling against the Australian dollar for most of this year. So according to your logic, gold is indication less inflation. Wrong either way. Gold is just a safe haven against fiat currencies. It's not much good for protecting one self against inflation. Look at the long term charts.
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- naivety or stupidity or both for the rba
naivety or stupidity or both for the rba, page-7
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