pilburro,
I think the whole market system is a fraud.
The world has created $247 trillion of debt (318% of GDP) which has inflated financial asset prices while tangible assets like metals languish unloved in decade long trading ranges.
My view is that tangible assets like metals are the building blocks of societies and economies. They are things that the 7.7 billion people living on this earth can’t do without, not to mention the extra 2 billion new people that are going to be around by 2050.
Eventually something will have to give and the world will need to re-evaluate the values of assets classes based on their sustainable utility. The ability to pay and/or roll over debt will shape the future of all asset prices. In short, the bubble will burst soon enough.
As far as WAF is concerned I’ve got little doubt the SP has been getting a nice work over.
The beauty though is that the shares are on the market to be bought so anyone is free to buy them if they believe in the value proposition.
I’ve kept adding bit by bit as we grind down.Esh
pilburro, I think the whole market system is a fraud. The world...
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Last
$1.52 |
Change
0.000(0.00%) |
Mkt cap ! $1.866B | |||
| Open | High | Low | Value | Volume |
| $1.53 | $1.53 | $1.48 | $3.819M | 2.538M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 26174 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.52 | 54794 | 3 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| WAF (ASX) Chart |
