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New Gold Inc T.NGD

Alternate Symbol(s):  NGD

New Gold Inc. is a Canadian intermediate gold mining company with a portfolio of two core producing assets in Canada, namely the Rainy River gold mine and the New Afton copper-gold mine. The Company also holds other Canadian-focused investments. The Company is engaged in the acquisition, exploration and development of natural resource properties. Rainy River is a gold mine located in Northwestern Ontario, Canada, approximately 65 kilometers (km) northwest of Fort Frances, Ontario. The New Afton mine is located approximately 10 km west of Kamloops, approximately 350 km northeast of Vancouver, British Columbia, Canada.


TSX:NGD - Post by User

Bullboard Posts
Comment by NastyCaton Aug 05, 2020 11:16pm
147 Views
Post# 31370611

RE:RE:RE:RE:Total sht at this POG.

RE:RE:RE:RE:Total sht at this POG.If your employer gives you pay adjustments every year for inflation that will help. The point is that your money needs to be working for you since it is losing its purchasing power steadily over time. We all know that as just a simple fact of life. You don't want to have too much cash just sitting in a bank account - just enough to live on for a 1 year or two, as emergency money. Cash is king if you are planning to make a big purchase - if you have to arrange for financing it makes for a tougher negotiation. What has hurt most people is the sharp increase in the cost of housing. There's your inflation. Food has gone way up as well. I suppose we shouldn't get too stressed about it... just have a plan for making lots of money (-: Gold is a good bet cause it has some catching up to do with all the money printing. Peter Schiff seems to think we still have a ways to go on that front.
Bullboard Posts