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Gold Price Discussion
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<blockquote data-quote="user 4386" data-source="post: 493423" data-attributes="member: 4386"><p>Yes that is what I mean - but it is cashing in on currency fluctuations not on any fundamental change in the gold price in the currency it is set in.</p><p></p><p>Not sure why the yanks would see the low Aussie dollar would be any advantage - they have to pay the same price in US dollars per ounce because they have to pay many more Australian dollars per ounce. It is not like buying something like lamb, which would actually be cheaper in $A (i.e. they are setting the gold price even though we set our lamb price).</p></blockquote><p></p>
[QUOTE="user 4386, post: 493423, member: 4386"] Yes that is what I mean - but it is cashing in on currency fluctuations not on any fundamental change in the gold price in the currency it is set in. Not sure why the yanks would see the low Aussie dollar would be any advantage - they have to pay the same price in US dollars per ounce because they have to pay many more Australian dollars per ounce. It is not like buying something like lamb, which would actually be cheaper in $A (i.e. they are setting the gold price even though we set our lamb price). [/QUOTE]
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