Gold rockets toward $2,000 as Fed stimulus sinks dollar Stock Markets By Wayne Cole SYDNEY (Reuters) - Gold rocketed to record peaks at $1,975 on Tuesday while the U.S. dollar plumbed two-year lows...
I'm new to stocks related to gold etf.. Why everyone is rushing in PK & Tomei instead of bahvest? Gold miner should be the one direct benefit from gold price surge.... Doesn't make sense!!
Watch the above link for why there's huge shortage of physical Gold. And when everyone tries to get a piece of their physical Gold, the price will soar.
>70% of Poh Kong's Assets is finished gold made from raw gold which bought many years ago at low price, their profit will increase significant when gold price shot up
Feds will be meeting this week. Most like to have dovish sentiment on monetary policies. So that's good for gold.
If senate fails to agree with a 1.5/1 trillion dollar stimulus, then spending power of US citizen hampered badly; good for gold. If senate agrees to a 1.5/1 trillion dollar stimulus, inflation continues, good for gold.
From Poh Kong annual report , Poh Kong holding 560 million of inventory , that mean holding $560 million of gold at year end of 2019.... The gold price has gone up 28-30% in 2020 ( ytd), that mean those inventory value has gone up about 28% as well .... Poh Kong fundamental n yearly net profit is more solid than Tomei even though both also undervalued if below 58-60 cents ...
few supportive facts that poh kong will gap up tmr . 1. Trade war gone worse between china and US , even ask for embassy shut down 2. poh kong closed down during MCO (which means more gold in hand and by calculation the gold price increase which means in future profit will increase 28-30%, interms of costing all same, so nett profit increase) 3. recent new height for gold price , with US keep on printing USD, inflation occurs and ppl prefer gold more than usd
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
watsupking
11 posts
Posted by watsupking > 2020-07-28 09:12 | Report Abuse
>90% of inventories is FINISHED GOLDs or equivalent RM1.30, terrible undervalue