Actually, the risk is 50% downside, or worse- administration, or perhaps psychologically worse- being trapped in the twilight zone of the .001 sell side with millions of others, and no-one will buy.
Aside of those, though, low risk? You'd have to wonder why people are buying. From kitco.com, gold in the AUD is up a bit:
Australian Dollar +0.08% 03/16-00:21 0.9493 1.0535 1577.18 +2.66 updown +0.17%
Gold would have to be AUD1440 for the CR to fail.
AXM Price at posting:
20.0¢ Sentiment: None Disclosure: Held