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Bullboard - Stock Discussion Forum Sabre Gold Mines Corp T.SGLD

Alternate Symbol(s):  SGLDF

Sabre Gold Mines Corp. is a Canada-based gold producer in North America. The principal business activities of the Company are focused on exploring and developing the Copperstone Mine (Copperstone) in La Paz County, Arizona, United States. The Company has a 100% leasehold interest in the exploration and development stage Copperstone Project, which encompasses approximately 12,258 acres of... see more

TSX:SGLD - Post Discussion

Sabre Gold Mines Corp > Digital Gold
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Post by michaelstl on May 24, 2021 12:16pm

Digital Gold

Here is an article from Kitco from Peter Grosskopf.  Please notice at the end of the article he talks about digital Gold.  I believe that blockchain digital metal vehicles like those backed by Gold and Silver will win out versus other crypto type investments without the backing.  

https://www.kitco.com/news/2021-05-24/The-math-for-higher-gold-prices-is-more-compelling-every-day-Sprott.html
Comment by CAA308 on May 25, 2021 9:04am
The problem I see with a gold backed crypto is the inherent decay of anything physical. For example you buy gold over spot, you sell it below spot and you'd have a cost to securely store a meaningful amount. There needs to be a steady increase in value just to break even. To clarify im not a crypto guy, I just see where it would win out in that sense. The other thing is that while a gold ...more  
Comment by michaelstl on May 25, 2021 10:05am
I see your point.  However, People are beginning to feel differently now after a few crashes in Bitcoin, et al.  I feel the tide is now beginning to turn as more people are exposed to the existence of Digital Presence of Precious Metals.  Take a look at WallstreetSilver/Reddit.  They are gaining monentum in social media/youtube regarding making the case that Silver has been ...more  
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