GOLD 0.51% $1,391.7 gold futures

the point of ownin physical gold if usd falls?, page-3

  1. 3,834 Posts.
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    Well if that happens, our export industy (except for gold exports) will likely suffer, but the cost of oil and other imports will drop significantly. So, the cost of living will be lower (if any of the oil consuming industries pass it on ie. fuel and food). You will still be on a winner because if the Aussie dollar was doing that well it would mean the Australian economy was holding up on the back of a massive gold industry! You investment might not be worth more but the country would still be doing well!
 
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