Hypothetically speaking, (not getting into a debate as to whether or not this will happen) .. what would happen if I, a resident in Australia, held GOLD, SILVER, COPPER ETF's that are backed by physical metals in this country, and the USD collapses/becomes worth close to $0. Would my investments be worthless? Would they be re-valued/pegged against another foreign currenct (Euro? ) Would there be any protection, and is Australia closely linked to the US economy wise?
I have searched this and have not been able to find any answers, apologies if this has already been discussed. Could anyone point me into the right direction to do some more reading? Cheers.