RE: in china It pains me to agree in part with your forecast due to its impact on the US. The uncontrolled spending toassure reelection has run the US into trouble. Most do not realize that the debt has exceeded GDP (in the middle of last year) and seems to be escalating despite the supposed efforts to stop it. The government will monetize an ever increasing portion of the debt thereby deflating the value of the dollar even more. The countries only hope may be a fiscally conservative government that does not care about being reelected. Big city folks like me may be in trouble when food escalates in price.
The sad part is that if the value of the dollar crashes and gold hits the roof we are really no better off with RBYC stock. Their value is tied closely with volume and price of the gold extracted. Those who bought Gold at lower prices may have a benefit but mining companies do not hold much inventory of their product. Maybe that is something RBYC should look into. A tithe, so to speak, of say 10% set aside for sale in higher gold prices. Kind of like storing up grain or corn to be sold at better prices. Can you imagin what Ruby would be worth if they stored a portion of the gold mined out now and sold it at double its value later? Of course this is dependant on the US economy faultering even farther. If we elect liberal spenders though that is almost guaranteed to happen. Plus the entitlement mentality taught today MUST be stopped. People must begin to rely on themselves and families like it used to be.
Good luck to all this year