Tears of the Moon

Sunday, February 14, 2016

Happy 50th Birthday to the Aussie Dollar

Born on Valentines Day 1966

The video below documents it's birth

Its vital stats at birth were:

AUD:USD exchange rate fixed at: 0.8929 ($1 bought just under 90c US cents)

Gold price in AUD: $39.65/oz

$1 in 1966 bought 0.78g of gold

But just we all started out being full full of vitality, 50 years has taken its toll on the Aussie.

Its current health stats are:

AUD:USD exchange rate: 0.7108 ($1 buys 71c US cents)

Gold price in AUD: $1742.40/oz

$1 today buys 0.018g of gold

Percentage rise in Aussie gold price since 1966: 4,294%

Purchasing power of the Aussie dollar expressed in gold has declined 97.7%

I wonder how long that last 2.3% of purchasing power is going to last?

Saturday, February 13, 2016

Jim Grant - Tough Times Ahead: Bad News For Fed, Good News For Gold

From

Weekend Chillout - Someone to Watch Over Me

What would the Weekend Chillout be on the weekend of Valentines Day without a love song. And this one is pretty special.

Eric Dubin - We Hit an Inflection Point

From

Friday, February 12, 2016

Gold up $50 in overnight trading

Gold is up US$50 in London in New York trading overnight, bringing the yellow metal in AUD close to its 2011 highs. In fact in AUD there have only been 8 days where the gold price has closed higher than its current levels.

For those who called gold doomed or a pet rock they can go cry me river.....

Thursday, February 11, 2016

Asian Markets give Gold the tick of approval

Hong Kong trading has just commenced for the day after break for the Lunar New Year.It seems Chinese investors have given the recent rise in the gold price a tick of approval, moving the price up through US$1,200.