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Newcrest Mining Ltd NCMGF


Primary Symbol: A.NCM

Newcrest Mining Limited is an Australia-based mining company. The Company's principal activities are exploration, mine development, mine operations and the sale of gold and gold/copper concentrate. The Company owns and operates a portfolio of brownfields and greenfields exploration projects. The Company’s assets include Brucejack, Cadia, Havieron, Lihir, Red Chris, Telfer and Wafi-Golpu. The Brucejack asset is located approximately 950 kilometers (km) from Vancouver, Canada. The Cadia asset is located approximately 25 km from Orange, New South Wales (NSW). The Havieron asset is located approximately 45 km east of Telfer. The Lihir asset is located on the Niolam Island, approximately 900 km from Port Moresby, Papua New Guinea (PNG). The Red Chris asset is located approximately 1,700 km from Vancouver, Canada. The Telfer asset is located approximately 400 km from Port Hedland, WA. The Wafi-Golpu asset is located approximately 65 km from the city of Lae, PNG.


ASX:NCM - Post by User

Comment by Realnewson Nov 05, 2020 9:38am
111 Views
Post# 31841319

RE:Bitcoin on ~3 year high

RE:Bitcoin on ~3 year highI wouldn't say there's a correlation to gold but Bitcoin is more a correlation or a hedge investment to the endless printing of currencies and their depreciation which is similar to a gold investment.  Not an expert on Bitcoin but it is based on a definitive number of coins in circulation which in theory limits the number available to be priced.  As a comparison to gold which is not currently a limited supply above ground since it is still being mined so the supply is constantly increasing. Also, it appears Bitcoin's price is not constantly being manipulated unlike what the crooks do to gold's price on the Comex.   I'm not trying to sell Bitcoin but I do think its worth holding a small position just in case it becomes one of the main assett classes that hold value just like gold.  When major corporations are taking cash reserves and converting them to Bitcoin that says lot about legitimacy of this investment class.  In other words there is less risk in investing in Bitcoin then not investing in it longterm, which I would argue the same for gold. Just a thought.   
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