Loading ...Hi,
Looks like the gold has finally made this anticipated move upwards (might not have to live in a tent after all 🙂
Today gold in $AU 1526 but gold shares less than half when gold was at $Au1400 approx.,go and figure, but then Australian public I think are just gamblers not investors, make enough for milk and bread for the week and sell.
Being a small country with a population of 23 mil it appears that there is little institutional support or interest in the old relic, but that may change. Still haven’t heard taxi drivers talk about gold investment, that means we have a long way to go.
National public TV rarely mentions gold stocks which have made a significant move, should be included in the movers, especially when they make a 10% move in a day, and are not penny stocks , but no such luck !
Brought up the issue with national public TV, will see what happens, also the fact that they always quote gold in $US which does not look as appealing as gold in $AU, which is what the Australian companies sell it at , plus production costs even lower at current oil prices.
I’m just surprised that Chinese investors have not shown as much interest in undervalued gold miners as they have in property market, which is one of the highest overvalued in the western world ( I suppose Australia is included in western world, somehow).
My personal luck started on Christmas Eve when I served my estranged , divorce papers ( not sure about MY), and now gold up, gold stocks up , just how long for.
Cheers all
GT