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Old 11-11-2009, 09:49 AM
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Sean Hyman Sean Hyman is offline
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Quote:
Originally Posted by straty01 View Post
The U.K is in worse shape than the U.S in my humble opinion but the forex market is so one sided I'm sure banana peels would be accepted over US dollars at the moment. The GDP figures yesterday were terrible and yet sterling still rising, fundamentals are taking a back seat at the moment.

I live in Australia and bought gold at around $800US 10 months ago, the price is now $1100 and yet I have lost money due to the higher AUD. It is strange that the people living in the countries that produce the resources are actually LOSING MONEY due to the so called 'world reserve currency'.

The sooner we de-couple from the US the better we will all be. Bernanke is an absolute idiot as far as I am concerned.

Bubble economics yet again.
Yeah, AUD/USD has really soared with its superior fundamentals vs. the buck...and the rise of its natural resources like gold.

Good to see you posting here.
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