OTCQX:BGMZF - Post by User
Post by
halcroon Jun 11, 2015 11:49am
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Post# 23820348
Oh, Eric: what'll happen to your shiny new BGM shares?
Oh, Eric: what'll happen to your shiny new BGM shares?Monday, May 25, 2015
Billionaire Eric Sprott Says Stock Market Will Crash, Not Gold
“Well, God knows when the dust settles, but what I’ve expected for a long time now is that the basic fundamentals for gold and silver will win the day...
But I think it’s reasonably predictable that we are going to have a failure. All of the demand data and the reasons for owning gold have improved. We all know that zero interest rates and printing money has not provided the answer and won’t provide the answer.
The only thing it does is it allows people to speculate on buying securities, but it’s not helping the economies. In fact, there are elements of the economy that are doing worse. The savers are way worse off today than they were before. They are forced to speculate in order to get returns. By speculating they are taking on greater risk.
Source, Eric Sprott via King World News
https://ericsprott.blogspot.ca/
AND MIGHT NOT SOME CONSIDER THAT TRADING ABOUT $20 MILLION IN CASH FOR 85,480,564 FAIRLY ILLIQUID BGM SHARES (OF WHICH 69,583,333 ARE LIKELY TO BE SHINY, NEW SHARES) RAMPANT SPECULATION?