True, and I've considered that. The miners are definitely a bet on inflation and a weaker Aussie dollar, not deflation, which is what we saw in the 2008 USA housing crisis, at least until QE kicked in. I would expect the RBA and government here to respond right away with stimulus if the banks and housing market tank. I tend to think the housing market here will be fine until some shock from overseas. If I'm right, that would also lead to more economic stimulus and inflation worldwide, driving up the price of gold. Time will tell.