Originally Posted by
Aussie
I have no doubt it will, but that won't be helpful to us here if the NZD is US$1.50 or US$2.00 . . . truth is, gold IS rising in all currencies.
The BIG problem that nobody talks about is the fact that the vast majority of reserve assets held by central banks around the world are in USD instruments - Dollars, Treasuries and agency debt . . .
What happens to local currencies like the AUD and NZD when a USD currency crisis finally emerges and supports get cut out from underneath them?