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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 nozzpackon Dec 13, 2023 10:38am
77 Views
Post# 35782049

RE:RE:RE:The Future Of Gold

RE:RE:RE:The Future Of GoldNot quite true .
The price paradigm is shifting from the paper gold Comex System which is easily manipulated and not backed by physical gold in inventory .

China has just opened its own Gold market which over time will force the Comex to move away from the fiat backed Comex system.

Further, the long term trend in the POG is rock solid , averaging nearly 8% gain per year since the Gold standard was abandoned in 1971 when the US defaulted on its gold backed debt.

Central banks have been loading up with gold lately.
They know what's coming .

World GDP has increased by a factor of 33 times since 1971.

World debt has increased much more than that .

World Gold production has only advanced from 1450 tons to 3150 tons.

Catch up is coming..
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