" as a gold value investor"
that's an interesting thing to say. So many people say things like "you must have at least some gold in your portfolio" yet gold has gone nowhere for 12 years or so, there were trends to trade of course but the buy and hold has been a huge opportunity cost. Likewise if you compare the returns of gold to the S&P500 or even the XAO over the long term, gold is a massive underperformer(more massive than you might imagine, go do the calculations)
Gold stocks in general suck balls too, there's a few good ones but so many get to production and then run into all sorts of problems, the ASX history is littered with gold names that have died badly after production started. Even the good ones, how many of them have paid anything worthwhile in dividends?
Gold is a sector that can pump hard when conditions are right but those periods are few and far between, my opinion is certainly that long term investing in gold is a fools game
WAF chart, page-324
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Last
$1.45 |
Change
0.015(1.05%) |
Mkt cap ! $1.487B | |||
| Open | High | Low | Value | Volume |
| $1.47 | $1.47 | $1.44 | $3.790M | 2.618M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 26250 | $1.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 97294 | 32 |
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| Last trade - 15.46pm 19/06/2024 (20 minute delay) ? |
| WAF (ASX) Chart |