Blackrock World Mining Share Discussion Threads

[masurenguy] 17/8/2020 09:03

Discount to NAV still circa 10%.

[madengland_] 17/8/2020 08:36

Feels to me that the physical precious metals rally has run out steam now. Miners will continue making hay and if anything I'd like to see the mix continue moving towards industrials as western economies successfully inflate their way out of debt. This holding feels a good place to have money sat. Good yield and lots stuff in ground with a good chance of M&A really picking up. If you want physical silver you'll know of the ETF PHAG I'm sure, but price nearly double April's low. It's a binary bet and this feels far less risky with a good upside potential still imho

[masurenguy] 16/8/2020 18:51

Interims must be due this week - should be interesting.

[poikka] 16/8/2020 18:08

BRWM has negligible amount in silver (30/6), but can invest up to 10% directly in precious metals.

[goodgrief] 16/8/2020 17:54

Got a big chunk of Chatteris this April/May. They did pretty well last year too in the comparison tables of previous metal funds.

[davebowler] 16/8/2020 17:20

hTTps://www.thisismoney.co.uk/money/investing/article-8630591/Missed-Great-Gold-Rush-Heres-silver-lining.html

[poikka] 16/8/2020 11:19

keeping in mind, of course, that BRWM does NOT have a progressive dividend policy.

[poikka] 16/8/2020 11:05

This remains my top holding, and I can't see that changing much for at least the rest of this year.

China needs to spend to keep their economy ticking over. July was the seventh month of falling retail sales, and mortgage arrears are soon going to start showing up.

So that's iron ore demand supported by infrastructure spending.

Then there's gold. With the chance of the PRC going for broke and taking out Taiwan early 2021, and Belarus keeping everyone guessing, not to mention the possibility of inflation a year or so down the line, who wouldn't want to have a gold hedge?

[davebowler] 09/8/2020 11:17

hTTps://www.thisismoney.co.uk/money/markets/article-8597289/Now-gold-tipped-reach-3-500-ounce-amid-stock-market-turmoil.html

[davebowler] 05/8/2020 19:31

hTTps://stocknews.com/news/gld-pall-plpt-sbsw-plg-amrk-will-platinum-and-palladium-follow-gold-to-new-highs/

[henrysugar] 05/8/2020 13:13

Surprised that there aren't more of us talking about this - it seems poised to go to new highs at the moment.
I'm interested because of gold and precious metals, but also because I've read that they also have good holdings in miners that produce the raw materials for batteries (which has to be a growth area).

[jimcar] 05/8/2020 13:00

Col A

The $2200 figure is adjusted for inflation. The highest nominal price in Dec 1979 was $512 on dec 28.

[colonel a] 05/8/2020 12:54

jonwig,

Thanks.
I knew it had been higher {in real terms} previously but my memory of matters financial does not extend that far back.
Although I do remember getting $2.40 vs sterling, briefly, back then.

Difficult to come up with a plausible world wide rate of inflation over 40 years but $2,200 in 79 must represent comfortably in excess of twice that now.

We certainly live in interesting times.

[jonwig] 05/8/2020 12:24

Colonel A -

The real gold price (USD) has a bit further to go ($2,200 in Dec 1979. Russian invasion of Afghanistan, I think), but forecasters seem to think it could be heading a lot higher:



The standout winner recently has been silver. The G/S ratio has fallen from around 120 to an average kind of 70 now.

[8w] 05/8/2020 12:10

Fear of inflation/loss of faith in the mighty US dollar

[colonel a] 05/8/2020 09:23

Inflation linked ?

[davebowler] 05/8/2020 09:16

Gold is at an all time high in all currencies.

[davebowler] 02/8/2020 22:10

hTTps://www.thisismoney.co.uk/money/comment/article-8583699/TOBY-WALNE-2-000-ounce-join-gold-rush.html

[3ootuk] 30/7/2020 12:10

Ian Cowie of Interactive Investor has just given this a plug.

[wskill] 29/7/2020 09:23

davebowler BRWM is still a great way to get gold exposure and a decent yield over 5% ok around 30% in gold I have been topping up at these prices .

[davebowler] 29/7/2020 09:16

Net asset values for BlackRock World Mining Trust plc at close of
business on 27 July 2020 were:

467.92p Capital only (undiluted)
473.12p Including current year income (undiluted)