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Western Australian Gold Resources LTD is a company that is dedicated to exploring, evaluating, and developing gold mines in the Western Australian Goldfields. As an owner-operator, our primary goal is to bring these mines into production in order to contribute to the growth and success of the mining industry in Western Australia.
Our board and management team possess a wealth of experience, with a combined total of over 50 years in operating and managing both underground and open-pit mining operations. This extensive expertise allows us to confidently and efficiently navigate the challenges that arise in the mining industry.
Combined years of Experience
Queensland was the next colony to join the gold frenzy. In the mid-1850s, when Queensland was still part of New South Wales, the colonial government encouraged the search for gold on the northern frontier with the hopes that a discovery there would attract white settlers from the south. Although Capt. Maurice O’Connell, the leader of a government settlement at Gladstone, reported “very promising prospects of gold” in 1857, it was a discovery made a year later that sparked the first Queensland gold rush. A prospector named Chapple found gold at Canoona, near Rockhampton, in July or August 1858, and by the end of the year some 15,000 hopeful miners had arrived. The Canoona deposits were small, however, and most of the prospectors were disappointed.
Queensland achieved political separation from New South Wales in 1859, and the new colony’s first major gold find came almost a decade later. In 1867 James Nash discovered gold in the small agricultural town of Gympie, about 90 miles (145 km) north of Brisbane. The find marked the start of the Gympie gold rush, and within months 25,000 people came to the area to try their luck. The influx of miners gave a much-needed boost to the struggling economy of the young colony.
Later discoveries sparked other gold rushes in Queensland. In late 1871 an Australian Aboriginal boy, Jupiter Mosman, found gold in a stream in the northeast. The town of Charters Towers was founded at the site, and miners flooded in. The population reached a peak of 30,000 during the gold rush of the 1870s and ’80s.
The United States Copper Index is an ETF that invests in copper futures contracts. The ETF's objective is to reflect the return of an index benchmark for copper futures minus its expenses. The ETF’s holdings include copper futures contracts and an equal amount of cash and equivalents serving as collateral.
The ETF has a modest expense ratio of 0.88%. Meanwhile, it costs the ETF money to roll its futures contracts forward at expiration. The expenses have caused the fund to underperform its benchmark and the price of copper over the long term.
However, the United States Copper Index ETF isn't supposed to be a long-term holding. It aims to match the daily returns of its index. It's best used to make a short-term trade on the belief that the price of copper will make a significant near-term move.
But gold is not without its flaws as an investment either, including the following reasons:
When selecting gold ETFs, decide whether you want exposure to physical gold or public companies involved in gold mining. These two asset classes have different risk profiles.
As you plan your investment strategy, here are four steps to guide you:
You can buy gold ETFs at any of the best brokers for stock trading.