Why harmful to short aud when QEs in the office
gold production in tonnes
Nation 2011 Output 2010 Output
1. China 380 341
2. Australia 272 260
3. U.S. 243 236
4. South Africa 221 209
chinese able to increase output 39T, au and SA 12T in 1 year. Pretty good chance that growth could be larger in a year if prices up more. Tonne gold is 58M at current prices that equals 14B for AU of new actual currency from nowhere.