Dudes, you should buy GOLD as a hedge in your portfolio. Let's say for instance you have StockA making a loss of $1000 dollars, yet GOLD goes Up in your PF to the point where you are up by at least $1000+ in your Gold holding. Then you can sell $1000 worth of your Gold Holding along with selling all of StockA. The loss in StockA is offset by the gain in your portion of Gold that you sold. This takes the sting out of selling at a loss. ASX has the ticker of GOLD. Plus with this uncertainty in the Macro picture GOLD will go up & the AUD will go down so since the asxcode of GOLD is denominated in $AUD you will realise a bigger gain than in just the GOLD price.
Just my humble opinion.
Regards Pandelis
Dudes, you should buy GOLD as a hedge in your portfolio. Let's...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MCE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $72.45M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 22.0¢ | $55.45K | 242.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 113179 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 28075 | 2 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| MCE (ASX) Chart |
