talking trash about gold prices, page-4

EY, the thing he has forgotten is demand, and yes, as always currency differences upset the cart, however this inverse relationship between the price of gold and the US$ should be looked upon as a stabilising medium, insofar that possession of US$ in your bank account is no store of value, whereas gold is.

Indeed, these days the mantra is anything but US$, and if you happen to get paid in that currency, then go and spend it on something useful such as gold. Thus the buy up from India and China.

A better track on the real price of gold would be set against a basket of currencies, and only then compare Aust$ price

As I see it the demand for gold is going to increase, and as China suggests, US$1500 is on the cards