LGL lynch group holdings limited

Hi felsmad,I am not an economist but commonsense must say that...

  1. 2,498 Posts.
    lightbulb Created with Sketch. 126
    Hi felsmad,

    I am not an economist but commonsense must say that to make economy strong you must have good businesses as they are the ones that keep employment and pay huge tax to the government and that is the way the government use the income to look after the old unemployed and so on.
    Now in Australia long time ago our government was defending our unpfrofitable footwear and clothing industries for many years and still they failed, and see what happens now all of them closed their doors and all of our clothings are made in Bangladesh and Vietnam as they are cheaper.
    US car industries will end up the same unless they compete on the technology and force the unions to agree on cheaper wages, US can't afford to spend another $150 billion or even more and forever supporting their car industries or any other failed businesses or the US will go bankrupt themselves.
    But if they do keep spending and printing money something will give and that will make GOLD go to the roof and LGL will hit a lot more than $4.
    You can't interfere with free market forces as they will always win and that is the fundamental of capitalism as we all love, now US is more like the Chinese communist sosialist system, where the governmnet control all major businesses..... how amazing??
    Mate what we really care at this point is where and when the GOLD and LGL will really fly that is that you and I and everybody else care in this forum and how we can make a killing $$$

    Cheers.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
$1.75
Change
0.000(0.00%)
Mkt cap ! $213.6M
Open High Low Value Volume
$1.75 $1.75 $1.75 $4.24K 2.423K

Buyers (Bids)

No. Vol. Price($)
1 18672 $1.75
 

Sellers (Offers)

Price($) Vol. No.
$1.76 287 1
View Market Depth
Last trade - 11.12am 19/06/2025 (20 minute delay) ?
LGL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.