GREY:WFEMF - Post by User
Comment by
GaiusGermanicuson Jan 26, 2015 5:15pm
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Post# 23365166
RE:RE:RE:RE:Anonymous
RE:RE:RE:RE:AnonymousThe exchange rate was at parity a year or two ago, or close to it. I have no doubt it'll be there again before I elect to sell any of my stock. Meanwhile its nice to have invesetments NOT valued in US currency "just in case". I used to use a foreign exchange account to trade on the LSE, but I shut that down last year when I saw the current European crises coming and converted it to Yen, couldn't find a THING to invest in on the Japanese markets, so recoverted it to dollars and put it in my main account. It ended up being a 16 month or so 33% gain, which I can live with, but which isn't my best work.
This one, this one might end up being close to my best, if we see valuation increases on par with the enterprise value of the company as amended by the assurance of at least one producing mine in its immediate future, and the erasure of its debt.