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How about an exponential break even?
You make more money in gold when your currency is falling against it not rising. Which is why every man, woman and child in the US should be buying it.
How about an exponential break even?the fact that the AUD has been consistently climbing against the USD at the same time the USD Gold Price has been climbing, means an exponential profit bonanza for our Aussie miners right?
You make more money in gold when your currency is falling against it not rising. Which is why every man, woman and child in the US should be buying it.like a double whammy of good price and currency conditions?
How about an exponential break even?
You make more money in gold when your currency is falling against it not rising. Which is why every man, woman and child in the US should be buying it.
Conversely it’s barely worth while for us Australians with the AUD staring down the barrel at parity. Term deposits at 7-8% may look good to some in comparison.Absolutely, US Citizens should have well and truly jumped on the gold bangwagon by now! They could ride it right to the front of the head office of their bank and retire there!
Not sure if I am arrogant/ignorant or just educated, but I think with the property market still to feel these latest economic dramas, they are just at the start of their problems.
Not to mention, as you say, US flow on effects and economic indicators in general, have not even shown the latest dramas. Stockmarkets are always the first to take the wrath of any slowdown (including our gold equities)!
I could well and truly see rates left on hold in the short-term and possible cuts over the next year or so. Remember, the majority of their recent cuts are yet to even be seen. Surely the RBA will not just shoot now, consider damages later!
I think gold in AUD will do quiet well in the medium-term. I am definately bullish on gold and my portfolio positions confirm that. One on a good run at the moment is EQI which appears very seldom talked about on these boards but one I like, both technically and fundamentally.
Cheers
Remember, the majority of their recent cuts are yet to even be seen.
Conversely it’s barely worth while for us Australians with the AUD staring down the barrel at parity. Term deposits at 7-8% may look good to some in comparison.
Buying into GOLD or the gold miners will get you a better return when the AUD starts to fall. This may occur when the RBA cuts rates possibly latter in the year when the US recession hits us.
How are gold futures doing tonight so far boys.
Short term, different currencies can not notice rising POG, but this secular Gold bull is not currency based. Yes, its tied to the US dollar at the moment as that is global reserve currency, but Au is making all time highs in every currency now. Yes its going up faster in USD, and has been for longer, but its going up against all, and soon that will be plain for everyone to see.
Aus monetary growth is around 16% so there is no way in the world, gold will not appreciate in AUD also.
The Market is trying to price-in another 50 basis point US interest rate cut.Answers for itself. Had felt it may sit below 950 for awhile but this bull is very stong. Of course $US weakness is the key driver. Both at respective records tonight.
And, for the novice, where is/are the better/best places to buy into gold please?
Hi
Where are you Kauri and your commentary in this thread ?
Are you on holiday or just taken step aside to have a bit of fun ?
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