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In a world going to hell, investors are flocking to gold. Australia could have had much more of it

⁨8⁩ ⁨likes⁩

Submitted ⁨⁨6⁩ ⁨days⁩ ago⁩ by ⁨Valasian@lemmy.world⁩ to ⁨australia@aussie.zone⁩

https://www.theguardian.com/commentisfree/2026/jan/14/australia-gold-prices-reserve-investors-uncertain-economy

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  • thanksforallthefish@literature.cafe ⁨6⁩ ⁨days⁩ ago

    Gold has only one real use case in a “world gone to hell” and that is portability of wealth when fleeing a war torn country.

    I think there are better assets to hedge against inflation and economic uncertainty with if you’re not expecting an invasion.

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    • hanrahan@slrpnk.net ⁨1⁩ ⁨day⁩ ago

      Gold has only one real use case in a “world gone to hell”

      Something hastened by Gold Mining

      duckduckgo.com/?q=environmental+degradation+photo…

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    • No1@aussie.zone ⁨6⁩ ⁨days⁩ ago

      Do tell.

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      • thanksforallthefish@literature.cafe ⁨5⁩ ⁨days⁩ ago

        The fuck are you on about mate ?

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