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PMGOLD - Perth Mint Gold ETF

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The only thing comparable for me was the uranium bull from 2004/5, which was pretty nuts. That was quite a ride. But, the increase in POG hasn't transferred into the junior PMs which is a bit different. I was expecting anything with gold or silver in its name to go off. I was also expecting some other meme companies to change their name to 'XYZ gold' or such, which hasn't happened yet. Maybe the taxi drivers' focus is still on digital coins, etc.
 
I would hazard a guess that with your ( and some other members of ASF ) knowledge of producing and exploration PM companies that it becomes just a matter of time before they show some significant moves up. The moves are often multiples of the POG and other precious metals. Australia is such a significant Gold exporter that profits will come eventually ( or even tomorrow ! ). Who knows?

The good thing is that now with ETF's and forums such as ASF the pump and dump or buy and hold is less prevalent by the established brokers and you have a similar chance to advisers of picking the move correctly.

It is a shame that there is not an ETF on ASX like the small miners GDXJ on the NYSE. That would be ideal for me.

gg
 
On the last sentence, that was my exact feeling a couple of months ago and o ended up going to the US version
We should tell global X
 
A drop in PMGold is anticipated with the retracement overnight, on considerable volume to just where $US Gold was 3-4 days ago.

At present rates and POG from the end of the NY Globex session I'd expect PMGold to open around about $41.60. Fortunately the strengthening $USD will cushion some of the fall.

Will buyers come in or is this the beginning of a further retracement. I have no idea.

gg
 
This is a post from the "Gold Heading" thread which may interest PMGOLD holders or those interested in buying or selling it which may be of interest to them.




Now that I think about it, there was a discussion some years ago on ASF on the merits of PMGOLD vs Gold etf's @Sdajii , and @qldfrog 's opinion above was the consensus opinion. The thinking was that the closer your investment is to an actual gold bar with government regulation, the safer the investment was if everything went to putty.

Interestingly after the point was raised yesterday I checked the price of PMGOLD and GOLD and the latter was cheaper. Maybe there is a premium for the WA Govt. backing, although PMGOLD follows closely the spot price on kitco.com converted to $AUD.

I'll put this on the PMGOLD thread for those who reference it.

gg
 
@Sean K should be pleased with PMGOLD's price action recently. It is just poking it's nose over all time highs.

Given all the variations in factors affecting the POG I believe this stock is as good as any Gold index or other ETF as to the direction of Gold. It incorporates the AUD/USD currency changes, the POG and a stable ( I hope ) exchange home for trading Gold.




gg
 

Not sure if gold in any other currency has done as well. Been a great run. I do wonder whether POG in general can replicate 2024. Was a pretty big year. But, has anything changed that's supported gold the past 2 years? I don't think so. Not yet anyway.
 
Can someone tell me if this is going to double again in the next 2 years? Thanks in advance.

 
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