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"We Track the Financial Collapse For You,
so You'll Thrive and Profit, In Spite of It... "

Fortunes will soon be made (and saved). Subscribe for free now. Get our vital, dispatches on gold, silver and sound-money delivered to your email inbox daily.

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This Is What Gold Does In A Currency War, Australian Edition

Australia just fired a serious shot in the currency war by cutting its overnight lending rate to a record-low 2.25%.

With the aussie as a result tanking, local holders of bank accounts and cash are quite a bit poorer than they were at this time last year. But owners of gold are doing just fine. While the metal is falling again here in the US (which is at the moment trying to withdraw from the currency war), it’s up about 20% in the past three months in countries like Australia that are on the offensive.

Gold in Australian dollars

8 thoughts on "This Is What Gold Does In A Currency War, Australian Edition"

  1. Pingback: The Küle Library
    1. Yeah, the weakminded Agentinian, ,Russian, Zimbabwean, citizen who did not protect themselves by owning some before their various currency collapses

  2. Pathetic. The RBA (Reserve Bank of Australia) FOLLOWS the market rates. The market determines rates, NOT the RBA !!!! In that regard one John Rubino should shed your “Austrian school” way of thinking.

  3. Thanks for the reminder John. It is good for U.S. centric investors to understand that Gold is money par excellence. All phony fiats eventually bow down to bullion. Fundamentals dictate that every fiat currency has & will continue to lose value against bullion this millennium.

    The real winners of the ongoing “Global Race to Debase” are going to be longterm holders of silver and gold bullion. Stack accordingly.

  4. Thanks for the reminder John. It is good for U.S. centric investors to understand that Gold is money par excellence. All phony fiats eventually bow down to bullion eventually. Every fiat currency has & will continue to lose value against bullion this millennium.

    The real winners of the ongoing Global Race to Debase are going to be longterm holders of silver and gold bullion. Stack accordingly.

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