IMHO gold doesn't need to do anthing more than hold its' actual value over time. I hold to my previously posted view that the current price simplly reflects a futures contract on the relative value of fiat currency.
Anyway ..... gold is now around AUD 1571 and the price of extraction (for hte next few years) @ CGT is likely to be between AUD800 and AUD 900 IMHO.
On top of this I doubt that the AUD will hold its relative strenght ..... but this is anyones guess of course.
For CGT at least it looks like clear sailing.
cheers
CGT Price at posting:
46.0¢ Sentiment: None Disclosure: Held
