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Re: Re: [sharechat] Gold Glistens in the Dark Clouds

From:	"SBR Holdings Ltd" <slimbev@xtra.co.nz>
Date:	Mon, 17 Nov 2003 16:09:49 +1300

SNOOPY

You are correct No good holding gold if currency appreciation wipes out your gains

Below is chart on Gold valued in $NZ

However at what point will we stop appreciating against the $US cause I believe there is far more upside in precious metals in the long run than you will lose in further appreciation in the short term.

Like any market it is all about timing and at some point you have to put your b*lls on the line.

Go with the flow

Slimbo

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