Gold price $ 1,720.25 usd or $2611 aud
Around 90% of RMS profits are created from a foreign exchange gains.
At $1700 ounce RMS would struggle to make a safe profit margin.
The United States stimulus will deflate the USD which will result in the AUD rising and our profits falling.
The Australian dollar could reach $1.10 again but this time we would be in a recession. This would have a devastating effect on our economy and destroy the gold price.
The fall of gold back to 2600 usd is a deflationary signal. Gold could fall back to 1400 usd
with an exchange of $1.10 aud. The gold price would only be 1300 aud an ounce.
2009 to 2010 the gold price was 1200 to 1400 usd ounce.
2009 to 2010 the aud was .90 to $1.05 usd
Technically gold could fall to $1250 aud ounce with an theoretically exchange rate
of .95 given a similar set of circumstances.
- Forums
- ASX - By Stock
- RMS
- foreign exchange risk
foreign exchange risk
-
- There are more pages in this discussion • 43 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RMS (ASX) to my watchlist
|
|||||
Last
$2.22 |
Change
0.020(0.91%) |
Mkt cap ! $2.544B |
Open | High | Low | Value | Volume |
$2.20 | $2.23 | $2.20 | $10.65M | 4.811M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 272418 | $2.20 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.22 | 233080 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 272418 | 2.200 |
11 | 129147 | 2.190 |
6 | 71364 | 2.180 |
4 | 48692 | 2.170 |
1 | 10009 | 2.160 |
Price($) | Vol. | No. |
---|---|---|
2.220 | 233080 | 4 |
2.230 | 193134 | 11 |
2.240 | 53890 | 9 |
2.250 | 259295 | 20 |
2.260 | 20009 | 2 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
RMS (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online