painful to watch., page-25

I have only positive views on CAI in general they have a great path ahead.

I do wonder about the Aud to usd though? As in 2008 when usd was questionable, and therefore strong financial systems with good banking structures like Australia and Canada and Switzerland, had a big increase in their dollar, will this happen again and will an increase in gold price be offset by currency movements. If gold goes to 2200 usd but remains the same in aud terms does that mean? I understand financials but I’m no macro expert so I’d be interested in opinions.

ps: with no increase in gold price I’m still comfortable here it’s cheap at a fwd PE of 2.5-2.8