GREY:RNKLF - Post by User
Post by
Geodan2on Oct 26, 2018 12:52am
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Post# 28875945
Australia Gold Price big help for RNC profits
Australia Gold Price big help for RNC profits 10-25-2018 Update on Australia Gold Price: Did CLGRF have an additional advantage? Yes the Canadian gold price was much higher than the USD gold during the 27 bagger. Does RNKLF have a similar advantage? YES Today gold is $1750 in AUD basically on all time highs:
A gold mine buys labor, etc. on the country they are in and sells their gold their too. The AUD dollar a few years ago was higher than the USD, but not now. So RNKLF is getting a $500 profit bonus an oz because it is in Australia. CLGRF got the same bonus but a somewhat smaller one in Canada on their 27 bagger.