I am looking to increase my exposure to gold via gold stocks from the Australian market. My thoughts are that if gold rises significantly in the coming months there is a real chance the US dollar will drop substantially. In my mind an unhedged US producer or producer accounting in US dollars may therefore provide maximum leverage and the best entry as it won't be affected by currency fluctuations negating the gold rise benefit.
Any suggestions on stocks that meet this criteria?? I was thinking Newmont? Are there any Australian producers that would meet this category, even small producers??
Any thoughts on my theory and/or stocks would be greatly appreciated.
