Independent Valuation Requested, page-60

First 60 Last

Share
Profile

Follow
bentleigh

405 Posts.

56

14/09/19

01:42

Post #: 40420104
Share

Originally posted by Peter Swain: ↑

Hi Casajack and Gramjem,
i have to disagree with you about gold price. If you take into consideration that interest rates in the Euro, Japan and :moving towards negative in Australian, then gold becomes the investors choice as a part of a huge number of investors. Central banks are putting a floor under $1500 US. Some 11 trillion of assets are currently receiving negative interest rates in the current world investment situation. So, investors put money in say $100 dollars and receive back in say three years $98. You look at gold even in Oz dollar has risen 17% this year. The Reserve Bank of Australia is looking at what happens and is looking at a cash rate that may become negative. The US if it keeps dropping rates will face the same dilemma. Gold by contrast has historically performed well as an investment class. In the GFC, gold surged. Please open your mind to international market, because the Perth Mint where all Australian gold goes sells huge amounts to China, Germany, etc. NST gold is not being bought by Australian investors, it goes to the Perth Mint and Gold is around the third biggest export after iron ore and coal. Maybe fourth after LNG,recently. NST is not buying EAR with a view to gold dropping in price, especially when it’s rising in all currencies. China-US trade war is still in early stages of discussions. Happy to hear different point of view, but financial commentators that I read, not seeing Oz gold price dropping.

Expand

Finals words on this takeover can be summarised by the words od Don Logan played by Ben Kingsley

https://www.youtube.com/watch?v=KmR8fzQjuD8

EAR Price at posting: 33.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Essential Energy conference: Streamlining approvals key to the green energy transition

88E

HotCopper users smell capital raising as 88 Energy says "significant update" at Phoenix

EXR

Essential Energy conference: Elixir talks up unlocking QLD's Taroom Trough

BPM

BPM Minerals hits high-grade gold at the Claw Project WA; shares jump 86%

HVN

Harvey Norman clocks subdued gains as Echo Law's junk warranty class action kicks off