Gold & Silver - currency hedge

In today’s radio news we revealed the report just released showing Australia is now the most expensive manufacturer in the world as can be seen in the chart below:

In the ever increasingly globalised economy this means a whole lot of things but today we just want to focus on our Aussie dollar.  Clearly, apart from a structural overhaul of our productivity costs, we need and you would have to bet will get, a lower Aussie dollar to compete.  So how can you either profit from or at the very least protect your wealth from such a fall?  Gold and silver, as we wrote about here.  Check out the price of gold in 3 of the more prominently crashing currencies around the world below (PS look very closely to the far right for Ukraine..!):

These give you a clear picture of how your wealth escalates when the currency falls against the USD.