See the latest Australian dollar analysis here:
Australian dollar gold is at new record highs today:
Amusingly, “digital gold”, otherwise know as Bitcoin, is also on the charge:
And its relationship with gold is holding:
This is kind of impressive, in its own way, given the Trump Administration has declared war on it, suggesting it is the precise opposite of a safe haven.
Or maybe it’s just completely bonkers!
I still see more ahead for gold. And, it appears, BTC, though I wouldn’t count on it.
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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BTC for the win! Along with LINK! And LTC!
and Apollo coin!
Heil Sergey, the great man.
$1000 EOY baby
Chinese love bitcoin as that’s how they can still get money out of China…. notice the spike after devaluation in Asia hours….keep it all in cyberspace and leave it there….
I bet all the Hong Kong citizens are also moving out of cash and into BTC as quick as they can.
Talk to us about Silver. Looks extremely, extremely undervalued.
What’s the gold to silver ratio these days?
95 ish give or take.
Ooh, seems peaky. Almost unprecedented.
Definitely worth a peeky.
Shhh! leave AG where it is. I haven’t stacked enough of it yet.
Buy it by the kilo!