Current Global Allocation for Precious Metals is Just 1%The total global allocation for everyting relating to precious metals, be it gold stocks, ETFs, phyisical gold or silver etc. represents just 1% of the total overal value of assets globally.
The all time high occured in 1980 when it represented just over 8% of all assets globally.
It is clear that gold and precious metals in general has never been a big fan of the main stream left wing media, but fortunately, less and less people are getting their news exclusively from these news outlets.
Given how much currency has been created globally since the pandemic has arrived (on top of already record high levels), and the fact that physical precious metals of any amount are very difficult to find, it is only a matter of time before this will translate to increased prices for junior gold stocks, and a virtual absence yet of institutiional investors, even in precious metals itself.
https://usdebtclock.org Precious metals will always hold its value, and there is a good 5000 years of history here that demonstrates this.
Regarding Orefinders management ever really wanting to do some mining (witnessed by a lack of management experience in that field), is something that I am not entirely in agreement with, since if there is a decent chance for some open pit mining to take place, it would just give orx more options to work with including a higher share price along the way.
Higher gold and silver prices only means that currencies are losing their overall value, and I believe ORX is but one way of owning precious metals.