Quote Originally Posted by Aussie View Post
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?
Aussie
Correct
Problem for NZ is all reserves are in $USD
Even reserve bank realises that

http://www.sharechat.co.nz/article/a...tervening.html

At the same hearing, Deputy Governor Grant Spencer confirmed New Zealand’s central bank was trying to move its assets away from the greenback as the world’s reserve currency remained out of favour with investors.

“We’re trying to reduce our exposure to U.S. dollars as it heads south,” Spencer said.