XJO 0.86% 7,989.6 s&p/asx 200

Game Changer, page-45

  1. 11,677 Posts.
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    The best stocks to buy now are aus gold miners. Gold has been sold off due to a desperate need for cash during the market crash. This has hammered the gold price and gold miners down. However, there is plenty of cheap cash available now due to the FED printing trillions, and the gold chart looks like it could be about to bounce back.  Also, these are uncertain times which usually supports the price of gold. During the GFC gold and gold miners were the first to bounce back.

    In AUDs, the gold price is at an all time high (see chart below). This means record profits for aus gold miners, (despite the virus) providing the AUD remains low and gold does not drop further.

    Unlike the iron ore miners, who will get hit hard by both the recession and the shut down of steel mills in China, the aus gold miners will be mining 24/7 flat-chat and will be receiving record AUDs for their gold. So we can expect bumper record profits.

    Consequently, the aus gold miners are not only immune from the impact from the virus, if millions start dying, gold could go ballistic sending the gold miners into the stratosphere.

 
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