Never discount Trump.12 Jun 2017 21:44
I'm looking at goldies to invest in and have narrowed the short list down to SHG and AAZ. They both seem oversold but, for me, a lot of the AAZ issues are in the hands of their Board. A lot of the SHG issues are out of their hands but could change rapidly at any time.
What really interests me about Gold at the macro level is an article by an analyst 4/5 months ago, detailing how Donald Trump loves Gold and has mooted the possibility (however remote - the man is volatile) of a return to the Gold Standard.
What would that mean?
Reintrodcution of Gold Standard would result in $5228 per ounce price of Gold.
Fed Reserve has 261,498,926.23 troy ounces of gold.
$1.5 trillion of notes in circulation.
Now you see why I am looking at investing in Gold. Its some months off yet (my investment decision), and hopefully the TANZ government comes to their senses. I seem to remember a similar nonsense involving CEY and the Egyptian Government 2 or 3 years ago.
Hope this cheered you up.