RE:RE:VALUATIONWe are living in very interesting times, (for gold investors especially). No one seems to know why the POG has taken off the way it has. Some point to central banks that are buying at record levels, others believe it is the Fed about to cut rates as a cause. But, at the same time, Gold ETFs are reducing their holdings.
Does gold react like most commodities, to supply/demand, (I am not sure it does) if it does, then the future price for gold must go up. Because, the increasing amount of investment it takes, in time, and funds to locate a resource and bring it into production,can only be justified on POG matching increased costs.From what I have read, the growth in production in the medium term will not be more than 1% or 2%.,Would that be enoug to meet demand.
If the move by BRICS to move away from the US$ is successful, then gold must surely be the support behind the move.
I recognize these are more macro events to our interest in VGCX.
There is one imprtant outstanding issue, in my view, that needs to be.addressed by VGCX management, and that is the status of Raven.
I would like to hear the Boards views on just how important is Raven to their investment here...