The RMS half yearly result announced today is an example of how a well managed gold producer can generate substantial cashflow and a return on equity of close to 30%. This by digging a dirty yellow metal out of the ground that has no p/e and pays no dividend. Looking forward to other producers results which I am sure will also be stellar. WBC and other Aussie Bankers may struggle to match this.
The best post I have read for some time on this forum was from someone who had ridden the gold wave and made enough to retire on. Rather than spending post after repititive post on Schiff and how gold was a poor investment, this person had done research and ridden the bull run on gold.
Markets go up, and markets go down. I am interested in the 2021 outlook on gold and silver. Someone has predicted in the short term gold to be $1,700 and silver $15. I am not so sure but have certainly taken up some good profits and reallocatted
gold, page-92697
-
- There are more pages in this discussion • 37,194 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)