Yes, I think if Biden wins gold will possibly trigger more of a gold price rally..
However the POG isn't really to dependent on the election results as both parties Red or Blue will probably have to do something about another stimulus package.
So it's the fiscal stimulus in the US, and in fact even other countries, thanks to Covid lockdowns, that will most likely push gold higher.
The USD has long been the benchmark of dollar value, but they've been printing money for years, and so has many other nations- but Covid has really ramped that up - currencies are loosing value the more they print!
So I think gold is where investors and Nations see intrinsic value.
I wouldn't class myself as a gold bug, but with the massive rise of electronics (digital age we live in now) and golds use in these industries, combined with the lack of significant finds and the sheer cost of producing it- it's probably reasonable to expect it to rise.
And then of course, peoples the world over value gold for monetary value/representation because its something that's Tangible and been use for thousands of years.....just my thoughts anyway
DYOR
- Forums
- ASX - By Stock
- WWI
- Sensitivity Analysis Production WWI
Sensitivity Analysis Production WWI, page-292
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WWI (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.4¢ |
Change
-0.001(6.67%) |
Mkt cap ! $35.58M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.4¢ | $14.31K | 947.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 5810425 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 586691 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 5810425 | 0.014 |
5 | 1424856 | 0.013 |
5 | 2537223 | 0.012 |
6 | 259033 | 0.011 |
7 | 2109995 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 586691 | 6 |
0.017 | 4106914 | 7 |
0.018 | 3062560 | 7 |
0.020 | 1760000 | 3 |
0.022 | 100000 | 1 |
Last trade - 16.10pm 17/10/2024 (20 minute delay) ? |
Featured News
WWI (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
SPONSORED BY The Market Online