The problem is .... IMO, I don't see any changes in the trend of POG and increase in defence spending....
Gold is one of the only few remaining commodities in the world that is universally accepted, you can feel and touch and Also most importantly, out of the control of the BIG BROTHER..... there just isnt much alternative..... If you are getting taxed on your income at 47% plus potential wealth tax and tax on unrealised capital gains...then where would you store your money ??? if you know, please share...
Defence spending, we know how the world was, is and will be.... we know how USA is going forward, they have their own problems with huge deficit and debt.... protecting someone else will be the last thing on their mind.....
CDA will head higher.... Of course valuation matters... but so does quality.... tell me how is CBA in terms of tailwind and quality compared to CDA ? I mean.... every way you look at Australian property market, we are overvalued.... not saying it will crash but the risk/reward ratio is ridiculous .... you will need to pay for quality
CDA Price at posting:
$19.82 Sentiment: Buy Disclosure: Held
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