Forum Archive Index - January 2004

["Baa Baa" <baa_baa@hotmail.com>]

Robin, yes, there's a typo. Is that what you mean? It should say "have 
appreciated faster than the USD has depreciated against the NZD".

My point should be clear?

- Physical Gold in NZD is basically flat = accumulation opportunity 
(assuming belief in the requirement to have a portion of capital vested in 
precious metal).

- US Gold mining equities however have risen in price (in USD) faster than 
the USD/NZD forex effect, hence profitable overall. (assuming picking the 
right stocks).

Cheers
BAA




>From: robin benson <rob@hammerheadmedia.co.uk>
>Reply-To: sharechat@sharechat.co.nz
>To: sharechat@sharechat.co.nz
>Subject: Re: [sharechat] At what price in NZ$ would you consider Gold to be 
>in a bullmarket?
>Date: Sun, 25 Jan 2004 22:11:19 +0000
>
>On 25 Jan 2004, at 21:22, Baa Baa wrote:
>
>>Nevertheless, gold has moved from $US255 to $US428 since 1991 so NZD 
>>investors involved in the US equities have made good gains thus far as 
>>they have appreciated faster than the NZD has depreciated against the kiwi
>
>Isn't something awry here, or am I being too pedantic?
>
>Regards
>
>Robin
>
>
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