/biz/ - Business & Finance

my theory was that i should invest in gold because that's the single best way to minimize the affects of the inflationjew (no reason for gold not to hold its value long term).
now with the AUD at under 60c against the USD and gold at over $2800 and ounce (likely to hit 3k soon enough), and im happy to say the theory works in practice.

>AUD freefall to <60cents against the USD
>mass gold cash-in ended; gaining back the value it lost
>gold currently at over AUD$2800; if currency stays down and gold continues to gain back its value, 3k an ounce is likely
i only invested in gold to protect against inflation and my irl /biz/ m8s laughed at me saying i should have played the sotck markets instead...