Beer and Co: Valuation up - TP upgraded to A$0.40, page-13

First 13 Last

Share
Profile

Follow
HenryEmmett

322 Posts.

17/11/16

19:05

Post #: 20700038
Share

Originally posted by munchy ↑

anton007 wrote .Depending on gold price. Some analysts predict 850 soon, then MOY... better to sell now
But nobody knows the future price.

True, I remember when all the main stream media experts were saying gold was going to 800 at end of December 2015, I took that as a major buy signal, whoever heard of the msm getting anything right, the amount of panic they were trying to generate to sell had me buying Gold shares. I was buying MOY at 6 c not much later.

I would like to see a lot of so called experts screaming about Gold going to 800, which by the way would be completely impossible as almost every producer would go broke, last time I checked a drastic reduction in supply was very very good for Gold, price appreciation works two ways, increased demand or reduced supply.

I suspect we are going to see a major increase in demand from India, the disaster that banning their 500 and 1000 rupee notes is causing is astronomical, yes they are replacing with 2000 rupee notes, but considering how quickly and without any consultation this move was done, who will trust the government not to ban 2000 rupee notes at some point in the future if the economy turns bad and the Indian government wants to bail all the money into the banks. Remember Bail in legislation exists worldwide now including Australia. If I was in India I would only trust Gold. Half of India's people don't even have a bank account, Gold will be considered far safer to hold long term savings in than cash.

Expand

The problem is people probably aren't paying for things in gold in India (e.g. how many specs of gold would they be handing over to pay for their groceries) and the half of India without bank accounts would struggle to afford a gram of gold. In other words India are probably a long way from abandoning their currency. I suspect central bank buys/sells probably pull a lot more weight when it comes to shifting the price?

Last edited by HenryEmmett: 17/11/16

MOY Price at posting: 27.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

PTX

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

BDM

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

First 13 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Beer and Co: Valuation up - TP upgraded to A$0.40, page-13

Top Stories

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

Featured News