Showing posts with label Gold Tye Burt Kinross. Show all posts
Showing posts with label Gold Tye Burt Kinross. Show all posts

Aussie dollar boosted by its own 'gold standard'

The Chinese are told by their government to own gold bars and now India is picking up that investment philosophy. Dollars are no longer seen to be reliable - unless you are talking Canadian dollars or Australian. European money continues to flood the Canadian Hedge funds as Canada seen to be a haven of stability for the next 20 years.
The Australian dollar is one of the strongest currencies in the world because it is a commodity-backed currency. That’s why it hit a 29-year high against the US dollar today – and it’s all related to the gold price