Thanks oi, certainly an issue how gold performs in different currencies. There's no doubt that it underperforms at times, but look at its track record in recent years:
http://goldprice.org/charts/history/...erformance.png
That's a lot of green on the board and big numbers, which coincide with a period where many currencies, including AUD and CAD, we're going gangbusters over the USD, yet still outperformed by gold. As long as we're in a gold bull market, which I think still has some years to run, gold will outshine most currencies most of the time.
http://goldprice.org/charts/history/...erformance.png
That's a lot of green on the board and big numbers, which coincide with a period where many currencies, including AUD and CAD, we're going gangbusters over the USD, yet still outperformed by gold. As long as we're in a gold bull market, which I think still has some years to run, gold will outshine most currencies most of the time.