Originally Posted by
Daytr
Hi All, just joined after being on HC for a number f years but as now based in NZ thought I may as well sign in here as well & I see Skol posts here as well so I'm sure there will be plenty of banter. I for one am bullish gold medium to long term, however short term it could go lower as the money printers keep inflating the party balloons in the equity markets that will eventually burst & it will be very ugly indeed. My floor gold is around $1250 where the marginal cost of production kicks in, not sure if we will get there or not but can't see it much lower, alternatively I do see it a lot higher in the coming years. Now for transparency reasons I should mentioned that I have traded gold for 15 years for banks & have now moved back to NZ to set up a Australian Equity Resources based fund mostly concentrating on gold stocks. So you may think I am talking my book, but its in reality what I believe & am certainly no gold bug. Anyway if you have any interest in looking at the fund, give me a shout. Cheers Daytr