ASX performance

Australia is a minnow in world markets. Hence, it is susceptible to general sentiment. My best hedge is still gold. Whether you are trading in Timbuktu, NY, Tokyo, Mumbai, Dubai or London, the POG is the same. And the common denomination is the USD. So why pick up unnecessary hassle of investing in stocks in another bourse?

It is very puzzling why when the POG is over USD$1600 per oz and AUD stable at around USD$1.02, my portfolios have been punished. But I am a patient investor.