|Yes agree, as you say if all investor went for 5% gold
it would surge as it is starting to do now, with a lot
of the clever money going into the miners.
I am expecting a very positive rerating of the miners,
hgm to 200p and paf 34p very soon, in my honest opinion.
|Crikey you cannot get much more US high profile than this gentleman.
5% Allocation In Gold Is Appropriate - Mohamed El-Erian
By Kitco News
Tuesday October 25, 2016 11:28
(Kitco News) - Gold can play an important role for investors in a world that continues to face low and negative interest rates, according to one renowned economist.
Mohamed El-Erian, Allianz's chief economic adviser, sees it approporiate for investors to hold 5% of their portfolio in gold
Photo courtesy of the IMF: Mohamed El-Erian, Allianz's chief economic adviser.
In an interview with the Wold Gold Council, in it Gold Investor, fall edition, Mohamed El-Erian, Allianz's chief economic adviser, said that in this current investment environment, a 5% strategic allocation in gold “is appropriate.”
“As part of a diversified portfolio allocation that includes a higher-than-usual cash allocation, gold can play an important role in overall risk mitigation. It can also provide a notable upside should the enormous amount of central bank liquidity injection gain traction and result in higher inflation, be it actual or expected,” he said in a question-answer session.
“A growing number of investors are recognizing the potential of gold to increase returns and improve risk-mitigation attributes of well-diversified portfolios. At the same time, there are – understandably – growing worries about the over-valuation of public equities and fixed income, thereby strengthening the case for an appropriately-sized allocation to gold,” he added
However, he also cautioned investors that their gold allocations should reflect their own risk tolerance as the market can be fairly volatile.
The prolonged period of low and negative interest rates has pushed the global economy into unchartered waters, he said, which is presenting real risks for investors. Along with gold, he said that he is recommending investors hold bigger cash positions.
“Ultra-low interest rates entice investors to stretch much more for returns. Combine this with repressed financial volatility, another objective of unconventional central-bank policy, and you could well end up with excessive risk-taking on the part of too big a portion of the investor base,” he said.
While low interest rates are increasing risks for investors, it is not the only threat to financial markets. El-Erian said that he sees three factors that are weighing on advance economies growth: political polarization, which is delaying the implementation of comprehensive pro-growth structural reforms; growing income inequality that is reducing the probability of good economic governance; and current economic and financial systems that are excessively borrowing future growth.
By Neils Christensen of Kitco News; firstname.lastname@example.org
|Maybe good news filtering through.
Gold looking stronger.
Interview with Corbus Loots 21/09/2016.
|You've just done it - welcome aboard !|
|I,m new here but can I say what a helpful, Informative and respectful board, a real breath of fresh air. Thanks all|
Just bought a few more, awaiting news ( very soon by Nov )
and xd date come the 8th December.
|Gold looking good as is paf and hgm.
edit: Full offer being paid with plenty of buyers coming in, I am expecting
a swift move higher very soon.
|You are most welcome, srpactive. I appreciate your contributions here and on the HGM board.
I think this company offers remarkable value. Just look at the mineral wealth: resources of 34.9 million ounces, reserves of 10 million ounces.
Thank you very much, it is nice when thread members help
each other, much appreciated.
I have increased my holding earlier this morning based on the
gold closing price, now looking strong for a re challenge of
$1300, plus your information could see a new high by month end.
dyor ( unless mikkydhu helps )
From the 21 Sept RNS (summarised):
1. A Definitive Feasibility Study on Elikhulu tailings retreatment project at Evander Mines will be available in November, and we will be told. The resource here is 1.7 million oz, giving a life of 14 years, producing 50,000 oz pa for the first 8 years, then 38,000 thereafter.
2. The Evander 2010 pay channel resources are currently in the inferred category. Current surface drilling is ongoing to improve confidence in the resource. Initial results in November, possibly leading to a new mining area without the cost of sinking a new shaft.|
|Are we expecting some news soon on studies soon, November 2016
I have in my mind but cannot find any rns including it?
Can anyone help?
|Gold over $1260, looking good, a close above $1260
and we are away.
I am with AT who handle my trading account and my accountant handles the tax return.|
I'm not sure if this will help you - I am not an accountant, but you may be aware there have been some changes to UK tax rules for tax year 2016-17.
From the RNS dated 13/10/2016 ...
The South African dividends tax rate is fifteen percent per ordinary share and
therefore shareholders who are liable to pay the dividends tax will receive a
net dividend of ZAR0.13122 cents per share (0.74649 pence per share). Foreign
investors may qualify for a lower dividend tax rate, subject to completing a
dividend tax declaration and submitting it to Computershare Limited or Capita
Plc who manage the SA and UK register, respectively. The Company's South
African income tax reference number is 9154588173.
You could speak to Computershare Ltd or Capita for some guidance regarding your ISA.
I note from the link below regarding the changes in tax for year 2016-17, it mentions dividend income being tax free so it would be worth seeing if the SA income can be paid this way.
If your dividend income is received through shares in an ISA, as now, these remain tax-free and the dividend allowance will not affect this income.|
I am with HL. I will try and follow up on this when I get back from my holiday. HL have been very good with keeping me up to date with the N.American tax forms so I assume they will try and help with the S.A. ones as well.
Can you keep this issue alive please until I get back in early November.
|Gez ref. 9134
My shares are held in an ISA nominee account. Last year I tried to get some help from the broker ie a statement about numbers etc but they refused to help. They would not be involved in a tax matter they said.I obtained one of the forms but it was no good because my name as an individual is not on the register.
Could we get some discussion going about this because I suspect many contributors are ISA holders so are in the same boat.
I had thought of writing to the SA High Commissioner for advice. I do not want to leave my precious dividends to their taxman or any other.
|Back above the 50 day moving average, looking good.
Looking to buy more very soon, just jiggling things around.
Look back at the ceo share purchases, it does make me wonder
why he bought on three occasions within 6 days instead of just one big one.
Maybe he wanted to buy but keep below the radar.
Looking good today, POLY trading statement tomorrow will be very
|has anyone had a lower dividend tax rate by filling in the form mentioned in the dividend rns? thanks in advance|
|RNS: Nice increase of the dividend to 0.878p from 0.82p.
I continue to buy upto the xd date of 8.12.16.
|Last week, I changed the emphasis back from silver to gold in my trading account to take advantage of the drop in the pog. Paf is now my largest holding by value instead of Hoc. My investment in AAZ at 15p is my most profitable miner of the week. I also bought heavily into the Way Charteris Gold Fund which is more focused on silver miners and is the best performing precious metals fund this year.|