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clock Created with Sketch. 27/01/22
12:05
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Originally posted by coto:
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I just entered RSG yesterday. Bought a medium parcel with my super fund. I have 30-40 years to wait until I retire so no dramas waiting and holding long here. What I have noticed is a good base forming in the gold price, and IMO, plenty of upside ahead as fear further grips international markets throughout 2022. Gold will be the first to take off following the initial panic and sell off which we seem to be seeing a lot of now. It is still early days with the mainstream media conveying the real issues with inflation and geopolitical conflicts, these have been brewing for around a year or so but only now are they getting attention. Wait until they really start hitting the airwaves and the public gets fearful - just like they took the bait with covid. This is the next big panic event now that seems to be coming to a close. The mass exodus of liquidity from crypto will also help the fortune of precious metals moving forward as money moves towards more traditional safe-havens.
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I hope you don't expect many of your "goldies" to be still around in 30-40 years. RSG has trended downward steadily for a number of years, I don't think it is drifting downwards because of some sort of market panic. This has happened all while the gold price has been strong and sentiment neutral to positive. The issues with RSG are not market related, they are operationally related. I think the market is still kind to gold producers and many are reaping the rewards but RSG continues to performing below expectations.
(20min delay)