Just to allay and fears of what interest rate rises would mean for us. Back in 2011 the PMGOLD stock which tracks the gold price in OZ dollars was 1300 an Ounce. We are now at 2550. Even with gold dropping from 1910 to 1050 and back up to 1800 now.
The US gold price was 1910 back in 2011 high it is now just under 1800 now. So do not worry about interest rate rises in America regarding the pricing of gold in OZ dolla. Just worry about an all out stock market collapse which could affect our Beacon.
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