Bullboard - Stock Discussion Forum Gold Mountain Mining Corp T.GMTN

Alternate Symbol(s): GMTNF

Metals & Mining Gold

Gold Mountain Mining Corp. is a Canada-based gold and silver exploration and development company. The Company is focused on resource expansion at the Elk Gold Project, a producing mine located approximately 57 kilometers (km) from Merritt in South Central British Columbia. The Company is engaged in the production of crushed ore, containing both gold and silver, mineral exploration, and... see more

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Gold Mountain Mining Corp > « … Philip Klapwijk, managing director of Hong Kong-based

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Post by GoldenPolarBear on Apr 21, 2024 9:42am

« … Philip Klapwijk, managing director of Hong Kong-based

"... And there is still room for demand to grow, said Philip Klapwijk, managing director of Hong Kong-based consultant Precious Metals Insights. Amid limited investment options in China, the protracted crisis in its property sector, volatile stock markets and a weakening yuan are all driving money to assets that are perceived to be safer.

“The weight of money available under these circumstances for an asset like gold – and actually for new buyers to come in – is pretty considerable,” he said. “There isn’t much alternative in China. With exchange controls and capital controls, you can’t just look at other markets to put your money into.”

https://www.scmp.com/business/china-business/article/3259781/shining-example-how-china-propelling-golds-record-breaking-rally

https://www.bloomberg.com/news/articles/2024-04-21/china-is-front-and-center-of-gold-s-record-breaking-rally