Quote Originally Posted by Ice
Gold always is solid. I forget the ungodly amount it has gone up in the last 5 years.
Gold was steadily trending down until US invaded Iraq. Gold goes up in the time of conflicts. However I would not bet on the Gold price always going up as it does go down. I graduated around the time when the price of Gold hit rock bottom and 90%+ of Gold explorers (Geos) were layed off from the mines. Apart from being seen as a better bet in times of conflict (particularly in the conflict zones or the countries at conflict)... as it is 'exchange rate' isn't as subjective as currencies during those times... it has very little industrial use, most of its important is for the magpie effect...'oohhh shiny!'

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If China conducts a trade war with the US it will have a knock on effect on Aus.

US buys Chinese goods, China buys Australian raw materials to make into goods to then sell... so if the US stops buying, then it has a large percentage knock on effect to Aus...