Hi HappyCats and all,
As you mentioned RSG you may be interested in my current thinking.
I hear the US rating agencies are having a close look at our AAA rating and I wonder if this will influence the RBA at their next scheduled meeting (7/06/16.)
If the RBA do drop another 25 points off the rate we could see the AUD around the $0.70 level combine that with a Gold price of say $1,260.00 and we would see Gold back to its 2011 level of AUD $1,800.00. Of course I’m speculating here but nothing beyond the realms of possibility IMHO!
I feel that if we did see a Gold price of AUD $1,800.00 then those 1.3Moz reserves at Ravenswood start to look a great deal more attractive.
Please accept this as just me thinking out loud; however, given the way RSG has held up with a slight drop in the Gold price maybe I’m not the only person thinking this way.
As long as I sharing here are a couple of general Gold items I have been reading about.
Pierre Lassonde raises some interesting points and his company is certainly making hay whilst it can. I understand he picked the eyes out of the Glencore assets and now has a collection of Gold properties with relatively long mine lives.
Personally I’d be more than happy if the Gold price reached a 4:1 DOW ratio in the next year or two
“In 1980 gold was at US$800 and the Dow was at 800; in 1934 gold was US$36 and the Dow was at 37 – where is the Dow today?” he asks BNN’s Catherine Murray. “Do I know it’s going to go back to 1:1 – I don’t know… even if it gets to 2:1, that’s US$8,000 – I’m slightly optimistic.”
http://www.bnn.ca/News/2016/3/8/Bul...gold-bull-market-returns-Pierre-Lassonde.aspx
By the way I’m not a particular fan of King World news but it’s interesting just the same.
“Chinese Dream.’ Gold is the only product that holds properties of a commodity and currency; it’s the most trusty asset on which modern fiat currency can be based.”
http://kingworldnews.com/andrew-mag...e-price-of-gold-silver-into-the-stratosphere/
As always these are just my thoughts shared in good faith and certainly not investment advice.
Cheers and very best regards: Andy
