Club Mulgoa

Sunday, April 08, 2012

POG

If you look at Pure Speculation by RB, you will see what I mean about Chinese companies buying Australia's assets on the cheap. Why pay gold at market price when you can take over an Aussie miner for pittance, mine the gold and send the metal back to China? The EV/oz of Au is so cheap! There is already one bid in the market...

The start of many to come. I am happy for my portfolio to be take over but in the long term, the nation is selling its family silver or rather gold.

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