RE: RE: RE: RE: RE: RE: RE: RE: RE: Eight year retYou are correct even though you think you are being facetious, ABX will hit $100 sometime in the next 24 months. If you don't believe this its because you don't understand what is happening with monatery inflation. Gold will do well in what we now call deflation (monatary explosion) and it will do even better in the paper money devaluation phase we will call hyperinflation. Gold is a no brainer and gold stocks will all be trading up by factors of 3X to 5X present levels over the next 24 months. Actually what will happen with some of these gold companies is that they will split 2:1 in order to keep their prices looking reachable. Splits always occure during times of rapid price increase. Note the late 70's.
- Monatary Inflation (deflation) means you can't get any interest on your money so you may as well have it in the safe haven of gold.
- Hyperinflation means that paper money is being devalued so even if interest rates are going up they cannot keep pace with inflation and gold price increases at a greater rate.
I have no doubt that central banks will try to hammer gold down on many occasions over that same 24 month period trying to salvage their paper garbage but at the end of the day devaluation - hyperinflation will be what they accomplish. The best part of this is that they will have depleted their gold reserves trying to save their political a$$e$. The US$ will be the next bubble to burst.
Whether MDN goes to $3.00 or not has nothing to do with ABX as $3.00 is where it should be anyway. Price of MDN is in the hands of its management and their ability to promote and personnaly own the company they manage. Up until now they have done a very poor job of promoting this company and they have done an even worse job of taking personnal ownership. In fact most of the shares they own they likely didn't buy on the open market. I would love it if they could show us otherwise.