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18/11/17

10:22

Post #: 28913474
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Originally posted by Wack ↑

I remember last year lots of people making predictions about the aud going down and I disagreed.
Based on what?
With my simple brain I looked at, Out largest contribution to gdp, 1. Iron ore 2. Coal

Iron ore prices were due to go up and they did.
So aud was not going down.

Recently, there is a warning about the Chinese ports filling up with the supply of ore.
Now we may see a big smack in the value of our $.
Now, imho is a great time be in gold and not in iron ore.
Wack

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"Now, imho is a great time be in gold and not in iron ore."

I'm telling you where the money is at the moment & in the next few years...
3 Upvote

0 Great analysis

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