RE: Railsbank raise £10,000,0005 Sep 2019 13:38
Brownadder
The point is that the £10 Million, whilst peanuts to the banking industry, isn’t peanuts to Railsbank.
However, It’s a big recognition and noteworthy of the direction Railsbank is heading, further financial support will be available as & when required, as the business expands.
Furthermore, I disagree that the Rally in Gold is simplistically related to just the trade spat between China & the US, and that once patched up Gold will ‘plunge back’.?
I think you’ll find the whole Global financial picture, reduction in Global manufacturing, debt Argentina, Italy, Japan - South Korea, Euro weakness,Germany heading into recession etc etc, supports the rise in this historic safe haven, and my view is that by December GOLD will comfortably stand at around $1625oz, leaving the potential for a further 30% gain during 2020 to circa $2100oz.