'I don’t think any reputable or serious person would think the gold price is going to double in four years'
Let me see, exponential debts, hyperinflation, central bank gold buying, war theatres in Europe-Russia, the Middle-East, and China-USThe Treaty of Shimonoseki, signed in 1895, following the Sino-Japanese War (1894–95), ceded Taiwan and the P'eng-hu Islands (Pescadores) to Japan.
How silly of China and Japan to believe, at the time, that Taiwan was part of China. We need to send an Australian politician over there to reeducate them!
1.Hedged vs. Spot Price Revenue Comparison:
- Hedged Revenue:1,823,000 oz at A$3,122/oz = A$5.69 billion.
- Spot Price Revenue: 1,823,000 oz at A$3,600/oz = A$6.56 billion.
Potential Loss: A$6.56 billion - A$5.69 billion = A$870 million.
New potential loss at $AUD7000 is closer to seven billion dollars.
Now the hedging is getting expensive!
'I don’t think any reputable or serious person would think the...
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Last
$14.29 |
Change
-0.060(0.42%) |
Mkt cap ! $16.42B | |||
| Open | High | Low | Value | Volume |
| $14.10 | $14.70 | $14.01 | $85.83M | 5.995M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 23973 | $14.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.31 | 12891 | 5 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| NST (ASX) Chart |