last time(gfc) there was a rush to the $us as a safe haven and a credit squeeze that sent a lot of companies broke because they couldn't rollover or refinance their debt.
the credit squeeze will have the same effect but i'm not so sure the $us will be the safe haven it once was. there would be a lot of $us buying in a credit contraction from short term debt not able to refinance but nobody would want to hold it too long.
i agree that the next drama is approaching but i'll be loading up on rms if sp gets close to your predictions. there could be some life changing investments on the other side of the downturn and precious metals will be at the head of the queue. for me rms is still the star of the oz gold sector.
sprott increases holding in rms to >17.5%, page-9
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Last
$2.03 |
Change
0.000(0.00%) |
Mkt cap ! $2.344B | |||
| Open | High | Low | Value | Volume |
| $2.03 | $2.05 | $2.01 | $7.459M | 3.679M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2500 | $2.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.03 | 127363 | 7 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| RMS (ASX) Chart |