GOLD 0.51% $1,391.7 gold futures

Must admit, it's been ugly.But i prefer this chart in AUD terms,...

  1. 2,353 Posts.
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    Must admit, it's been ugly.

    But i prefer this chart in AUD terms, as that's the currency we transact and live in (I appreciate you are an NZ cuzzie bro}.

    Still above $2400/Oz, with many companies making $1000/Oz.

    Now I'm not suggesting it can't go down further in USD or AUD terms, but we've been somewhat insulated from the manipulation of price (real or perceived) because of the currency hedge.

    It's one of the positive things, I believe, should things deteriorate further with the global economy.

    https://hotcopper.com.au/data/attachments/3594/3594583-f02dc09160e337bf02dfdb9c1eecddc7.jpg
    Last edited by thecrabpest: 18/09/21
 
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