Gold

**airedale** · 04-05-2020, 02:41 PM

Originally Posted by Entrep

The problem with US listed gold exposure is the FX risk. I can’t be bothered dealing / compensating for it

It is easy enough to buy an OZ gold producer. Not too much of an FX difference. There are a number of OZ producers on an upward trajectory in a mining friendly environment.

**Joshuatree** · 04-05-2020, 02:48 PM

Yep way to go. With costs in $A and gold payments in $US its a huge boost in values.

**Entrep** · 04-05-2020, 03:52 PM

Thanks both, jbmurc mentioned PMGOLD.asx above. Thoughts on that?

I am only interested in pure price exposure really, not miners drilling or producing.

Despite that though, if OSH was a good barometer for oil, what would the equiv gold company be? Just checked NCM and the chart looks weird (haven't held or checked it for over 5 years).

Cheers

**airedale** · 04-05-2020, 04:29 PM

Originally Posted by Entrep

Thanks both, jbmurc mentioned PMGOLD.asx above. Thoughts on that?

I am only interested in pure price exposure really, not miners drilling or producing.

Despite that though, if OSH was a good barometer for oil, what would the equiv gold company be? Just checked NCM and the chart looks weird (haven't held or checked it for over 5 years).

Cheers

Pure price exposure is a reflection of the drilling and/or producing which is or is not taking place.

**Entrep** · 04-05-2020, 04:57 PM

Originally Posted by airedale

Pure price exposure is a reflection of the drilling and/or producing which is or is not taking place.

Cool, happy to hear what you hold/are looking at too

**airedale** · 05-05-2020, 01:30 PM

Gor, Evn, Sar, all on theASX have put me in number 2 in the ASX competition. You could start by looking at those. But do not rely on my advice. My daughter lost confidence in my ability when I gave her a bunch of penny stocks which are still worth a penny after a few years.😂

**airedale** · 14-05-2020, 10:34 AM

POG has been hovering around the US$ 1700 mark for the last month or so has moved up to US$ 1716 today. Is it a breakout?

**JBmurc** · 18-05-2020, 12:01 AM

Originally Posted by airedale

POG has been hovering around the US$ 1700 mark for the last month or so has moved up to US$ 1716 today. Is it a breakout?

Yes and $2000oz USD will be in the sights this year IMHO and I don't think it will rebound much before breaking 2K and staying above this level like it did when it broke the 1k level a decade ago ... FOMO will drive the Large-cap Gold sector shares to silly P/E levels of the past 50 etc

Holding tight my micro-jnr cap Gold stocks ... been along wait but think it will pay off much like buying into RMS at 5c many years ago (RMS 1.30+ at present)