Sharing more positive thought and insights - IamgoldRemember the sound advice: focus on the big picture and not the volatility of the price of gold. As an Iamgold shareholder, It’s frustrating to see the share price get hammered, but don’t abandon the ship.
Another astute value investor Warren Buffett has a sound investing tip “Buy right and sit tight’”. His message is clear. The market could surge or collapse at any time. However, if you’re buying quality stocks, you don’t need to time the market. Instead, follow the lead of Buffett.
Look behind the curtains, the US Federal Govt. along with the bullion banks are manipulating the gold price in order to maintain a strong US dollar in order to keep it as the world monetary reserve currency. The federal fiat printing presses are working overtime to meet their financial obligations, but the US debt is out of control and rising to alarming proportions with no end in sight. When the inflated stock market bubble bursts and the bond yields capitulate because foreigners finally abandon the US treasuries market, the financial system as we know it will cease to exist. In simple terms, the gigantic stock asset bubble is about to implode. It appears that the current dollar dominated fiat currency regime is drawing to a close. Then, we will return to a more level playing field with gold as the world reserve currency.
SHAREHOLDERS, now more than ever, do not sell your shares to the greedy hedge funds, bullion banks and short traders!
I’m confident that IAMGOLD does have real asset value and that it will be a quality stock. Things are going to get mighty interesting especially with the estimated start-up of the Cote gold mine in the 1st quarter 2024 along with the ongoing 2023 diamond drill program on two of their key exploration projects:
Gosselin Zone (Extention of the Cote Property)
Approximately 15,500 metres of diamond drilling is planned in 2023 to further delineate and expand the Gosselin mineral resources and test selected targets along an interpreted favourable deposit corridor, of which approximately 5,200 metres were completed in the first quarter 2023.
Nelligan Gold Project
Approximately 10,000 metres of step-out and delineation diamond drilling is planned in 2023, of which approximately 1,700 metres were completed in the first quarter 2023.
The exploration drilling results once completed will only add more asset value in addition to the already substantial inferred gold reserves. Looking at the big picture, the timing could not be any better!!! This is a no-brainer; shareholders buckle-up, ignore the volatility and enjoy the ride…
Now more than ever, do not sell your shares to the greedy hedge funds, bullion banks and short traders!
Please do your own due diligence.