RMS 1.42% $2.08 ramelius resources limited

RMS August Broker reports, page-77

  1. 144 Posts.
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    I am a long term investor and not watching share prices or worrying about gold prices except to look for buying opportunities. NST now a top up opportunity. For very interesting views on gold watch these recent interviews.
    * On K I T C O with Florian Grummes of Midas Touch. Go past the initial talk on bitcoin to the segment on gold. This guy has been dead right on bitcoin and gold for the last 2 years. Briefly - Gold in a soft period that will last a few months, and may well test 1700. Later in the year it will start rising and he is bullish on it. Once it breaks 2000 it could hit 5000 in a few years.
    * On the small caps with Rick Rule of Sprott. It is a long and fascinating interview that explains the dire financial situation the US is in, why gold will shine in time and why it should be part of everyone's portfolio including gold equities. One point was - Gold + gold equities etc have historically been around 1.5% of the total investment universe. At the moment it is just around 0.4% for a variety of reasons like investors chasing meme stocks, bitcoin, high growth etc etc. It will revert to mean given all the money printing and that will mean gold and gold equities rising sharply.



    Last edited by Superheat: 28/08/21
 
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