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.
foreign exchange risk
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$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 | $2.20 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.22 | 233080 | 4 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| RMS (ASX) Chart |