+ who wants a depression? +, page-5

Interesting post Gerry,similar to views voiced on FSN
It’s hard to pick any winners if the US economy tanks.
Buying gold is probably a no brainer if you’re a US citizen with assets denominated in USD.
But what if you’re Swiss,Ozzie,Canadian.Sth African,even Kiwi .
A moderate appreciation in the USD gold price(say USD500/oz) could be somewhat mitigated by an accompanying rise in gold producing and safe haven currencies.
The only index I know of that compares the pog in Non US dollars to USD pog is the Kitco Gold Index(doesn’t work with Firefox,had to use IE)
The KGX has been tracking the USD pog for the last two months.
A break upwards(above USD gold price) in the KGC index would indicate a global rise in pog,ie,gold rising in it’s own right.