OTCPK:SPVEF - Post by User
Comment by
jedd2on Jul 23, 2015 10:40am
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Post# 23952433
RE:RE:gold will be below $1000
RE:RE:gold will be below $1000The IMF may very well include the yuan in the SDR but is that a wise move given that you cannot trust most numbers coming out of China. My opinion is that gold will do ok despite all the current negative chatter around gold. Most producers have an all in cash cost not too far below today's gold price and the demand for gold will only increase as deficits spiral out of control and paper currency is just that....paper. Time will tell whether Atlantic mgmt can get the required capex funding. Steven Dean has a much better shot at getting this done than any of his predecessors.