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Tuesday 2 February 2016

The Australian Gold Sector has performed spectacularly in the last 12 months



Far in excess of the Gold price, an increase in the gold price in January and our lower dollar could fuel things further.

Ramelious RMS with its Bonanza strike  doing particularly well, up over 500% in he last 12 months.

But hard to understand, where the demand comes from , and what makes things so different to 12 months ago.

Im glad I have RMS and NCM in a portfolio, but where to from here?

Maybe some of the conspiracy theories are right. China and Russia on Gold buying spree.
But as I have said, hard to get too excited about something they dig up, melt down, Weigh, and put most of it away in vaults in the ground again.

I would prefer a company with a loyal customer base that pays a dividend.
But maybe Gold will have another run, so worth keeping in a portfolio.

But do you add to them,  the million dollar question?

apologies to Dr Evil.





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