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Record Australian dollar gold price of A$1,843/oz

  1. 2,411 Posts.
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    And there goes gold ... up A$23/oz since my last post.

    This morning it reached a record Australian dollar gold price of A$1,843 ounce (previous record A$1,839 ounce on Brexit day). IMLTHO, more records to be broken.


    http://www.*****.com/gold_currency/index.html?currency=AUD

    But you would not know it from looking at the HAV trades today!

    Whether Mr Market recognises it or not, for every A$33/oz increase in the Australian gold price, that is an additional pre-tax gross cash flow of A$500,000 to HAV based on the unhedged JORC 15,000 gold ounces at the Portia Gold Mine.


    Cheers

    These are only my random thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
    Last edited by Clark888: 06/07/16
 
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