Loading ...Nearly as scary as Mrs F when it shoots up so suddenly to AUD7,942 when the “sell, sell” is mixed with “it’s going to $8,000”. And then it crashes to AUD6,371 (when, of course, the $8,000 prediction is sidelined). So I point out that if we had sold 10 oz at the peak, and paid the capital gains tax, and bought back at the low we would end up with 9.97 oz. Without taking into account the sell commission of 10% (at the time) and buy at 2.4%. Or the impossibility of actually selling at the peak even if we’d recognised it (we would have had to be sitting on the bullion dealer’s counter for that milli-second) or buying at the low (which was the middle of the night).
So we’ll sit it out. Best of luck to all.