Hi Unit,
Thanks for the info, but that was indeed, a very strange question. Why?
Per oz.
Offer made 20th June 2011
Closing Price Gold USD 1541.50
Exchange Rate USD / AUD 1.0616
Gold Price AUD = $1,452 AUD
Interview Date 5th October 2011
Gold Price (Last Trade) $1625.30 USD
Exchange Rate USD / AUD 0.95526
Gold Price AUD = $1,701 AUD
Appreciation in AUD = $249 AUD (17.15%)
So, from the date of the offer, the price of gold in AUD terms has appreciated 17.15%. Maybe the interviewer is new to GOLD.
However, CB's response was good as he didn't need to underpin the fact that he needed an extra $249 / Oz to get an "absolute bargain".
strong drill results , page-15
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