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  1. V

    Gold-now $US1210/ounce

    Can't believe the hammering the AUD is getting at the moment. Its mostly due to the flight to the USD. Its like a game of which sinking fiat currency do you choose! I'm happy as I've got a heap of US cash after a recent trip that I refused to change for 95 cents to our dollar. 85 cents I can...
  2. V

    Gold-now $US1210/ounce

    I agree that the gold side of the equation will rocket, but it should only go up to a fairer value in relation to fiat currency. For it to go up so high as to make the DOW side of the ratio very undervalued I just can't see it. Trouble with all the predictions of $2000, $5000 gold or...
  3. V

    Gold-now $US1210/ounce

    I can't personally accept that the Dow:gold ratio could go as low as 2:1. Sure there was a time when it was that low in the past, but we need to look at what the Dow is truly worth. To say that the value of all the businesses that make up the Dow could fall, in real terms, to what they...
  4. V

    Gold-now $US1210/ounce

    Gold only seems exxy when its measured in various fiat currencies which are losing value. Gold when measured against other metals or other real assets shows a different story. Gold as measured against Australian house prices over the last 50 years suggests its either quite cheap, or houses...
  5. V

    Gold-now $US1210/ounce

    Thats what I do like about the Dow vs gold chart. It shows in the last 100 years that whenever the ratio got too far our of proportion, it always came back to earth. I'm not sure there was any indicator that would have allowed anyone to predict when the major declines finally occured, especially...
  6. V

    Gold-now $US1210/ounce

    Inspiring, and I'm a gold holder and ultimately bullish on gold, but what this says to me is that either gold is now overpriced, or monetary deflation has been running at a lot more than the reported 3% over the last 10 years, but more like 15%. I'm not sure which, but I think it explains...
  7. V

    Gold-now $US1210/ounce

    Gold.ax, gold coins and some gold mining, all about even splits. Gold has become what cash was to me about 5 years ago. I don't see the point in holding cash when the Reserve bank has publicly stated it plans to make everyones cash holdings worth around 90 cents in the dollar in the next few...
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