The gold price is rising in U.S. dollars. But close observers will note it hasn’t done much in Australian dollars. The chart below shows that the strong Aussie dollar has effectively capped gold’s appreciation in local currency terms.
To explore that question—and other gold related investment matters—I called up a former London desk mate, Adrian Ash. Adrian is currently the head of gold research at BullionVault.com and a frequent contributor to the Daily Reckoning.
Adrian notes that commodity currencies like the Australian and Canadian dollars have rallied with gold. What does that mean for gold investors in those countries?
That’s a question we’ll look at in greater depth in the coming weeks here at the Daily Reckoning. In the meantime, you can listen to my full interview with Adrian at the link below. In our conversation we discuss Goldman Sachs (NYSE: GS), Northern Rock (LON: NRK), the U.S. dollar, bullion vs. shares, and barbarism.
The Daily Reckoning Australia