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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises a approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company is undertaking a 500,000-meter drill program at Queensway.


TSXV:NFG - Post by User

Comment by geezer21on Jul 14, 2022 11:53am
97 Views
Post# 34824340

RE:Bid for 56,000 NFG....

RE:Bid for 56,000 NFG....
Computer scientists had been warning that Crypto is a ponzi scheme.

Dumping stocks on the U.S. exchanges automatically creates demand of the U.S. dollar.  Where will those accumlated dollars go?

Unlikely that those dollars will flow back in all the same assets that became over inflated.  When the market crased back in 2008 it took a long time before money returned to equities. Money went looking for undervalued assets like real estate.

With the current everything bubble were all assets are inflated there will not be many places for money to go to for yeild or capita appreciation for a long time until  valuations become attractive and even then people will still be gun shy to return quickly.

Money will flow into tangible assets as economies pick up and come out of the recession we are moving into.  There is a commoditity boom with resources becoming more scarce and growing global population reaching 8 billion creating more demand. That is where money will flow to first as there has been under investment in commodity sector and the commodity sector has been undervalued.

With all other currencies devaluing against the USD, central banks, countries, and individuals out side of Canada and the US have been accumulating gold.  People in India who accumulate gold jewlery to store their wealth are well protected against devaluation of their currency.







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