Ann: Share Purchase Plan Offer Document, page-38

I am not too sure about crypto. I speak to lots of young guns who were all gung-ho about crypto in 2017 and they seem pretty disillusioned now. After you have been burnt by all the hype the natural tendency is look around for security and gold looks very secure.

One thing that has really been weighing down gold is the Chinese attitude to gold. Unlike in the west gold is not typically seen as a hedge against bad times, but something you buy when you are feeling wealthy. With all the economic turmoil going on in China many potential gold buyers are sitting on the sidelines waiting for things to calm down.

India is also the other major driver in the gold market. The Indians love gold and as their wealth rises so does their demand for gold. It is my belief that gold is going to experience something like the China effect we saw in Australia in the noughties - the Indian economy will get to such as size that its gold demand will overwhelm supply.