Cheers HM.
I`ll keep this short.
Timing is everything. Was hoping Gold could have done better, sooner ( will see in 30 days ) , and would have sold a few ounces to buy more CXY at 6, to 7 cents. So I don`t mind Cxy`s share price right now. I`ll have to be patient though. I suspect we could get a pull back soon ( in Cxy ). So as soon as gold in AUD has moved north, I may add to my CXY holdings.
Leverage with CXY is way better than Gold I agree( my opinion only ) but with Inflation on the rise ( QE ) hopfully both will do well and , like I said ,my timing will have to be good.
Any advice / or comments much appreciated.
Have to say that until the manipulation of Gold is over-come it will track currency values not true value in comparison to fiat currencies.
Cheers
Cheers HM.I`ll keep this short.Timing is everything. Was hoping...
Add to My Watchlist
What is My Watchlist?