Lets not kid ourselves, Gold has done nothing for months now, the danger is that if the USD goes down and gold goes up we will not do that well at all anyway.
US is now whacking up EFR which may push our dollar down..
Australia needs our interest rates to drop and/or currency to drop for gold to hit the numbers spruiked... it is unlikely that this will occur.
A rising USD Gold price of its own is not enough for us.
I feel that there are more things to hold gold in a relatively flat position than drive it up.
That said, I am keen to keep some exposure. Hence I have started moving out of gold and into companies that could come up trumps irrespective of gold price.
There are some good companies that are around, the trick is investing in the correct ones.
