Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Equinox Gold Ord Shs T.EQX

Alternate Symbol(s):  EQX

Equinox Gold Corp. is a Canadian mining company operating entirely in the Americas, with eight producing gold mines. Its operating mines include Aurizona Gold Mine, Fazenda Gold Mine, Santa Luz Gold Mine, RDM Gold Mine, Los Filos Gold Mine, Castle Mountain Gold Mine, Mesquite Gold Mine and Greenstone Gold Mine. Its development projects include Greenstone Project, Los Filos Expansion, Castle Mountain Expansion, and Aurizona Expansion. Aurizona Gold Mine is an open-pit gold mine located in northeastern Brazil near the town of Godofredo Viana in Maranhao State. Greenstone Gold Mine is a multi-million-ounce gold project located in the top-tier mining jurisdiction of Ontario, Canada. Fazenda Gold Mine is located within the Maria Preta mining district in Bahia State, Brazil. RDM Gold Mine is located in Minas Gerais State, Brazil, about 560 kilometers (km) north of the state capital city of Belo Horizonte. The Los Filos Mine Complex is in Guerrero State, Mexico.


TSX:EQX - Post by User

Post by Horsesmouth2Uon May 04, 2021 11:07pm
239 Views
Post# 33129942

GOV'T AND GOLD

GOV'T AND GOLDStraite: I agree with everything you are saying. Here is something I would like to add.

Yes gold has increased ( so to speak) all of those years. Gold hasn't changed. The reality is that it takes more US dollars to buy the same 1 ounce of gold, therefore the US Dollar has lost its buying power against gold.

The difference these days is the total US Debt. Total Federal Debt ( on the books ) is rising so fast and with Dementia Joe Biden now as President there is no end to his socialistic policy. Debt is going crazy with absolutely no way to pay it off. Everyday in the USA 10,000 people turn 65 and are promised their social security. Gold should be going crazy. It's not because people see how hard it is to take a position (LONG) because it always gets hammered down.

If gold rises it tells the world that the US Dollar is in trouble because gold is priced in US Dollars. The US Gov't wants to hang onto its World Reserve Currency at any price. Gold dropped $20.00 bucks today in less than 1 minute. No one can sell that many contracts that fast except the US Gov't and they do it all the time. They lie about Inflation, well hell they lie about everything.

I've always said that you can only push on a spring so long before it explodes. When it explodes I just don't know. Maybe the Chinese and Russians will take it to the US and start buying everything they sell and more and continue to drive the price of gold up on the COMEX -  the fake paper price of gold.

Cryptos are hurting gold as well however not as much as people think. Inflation is coming home to roost BIG TIME and once we hit hyper inflation which I believe is within the next 9 months then gold will move and the US Gov't will pick their next point to keep the price under - Maybe $2,400.00.
<< Previous
Bullboard Posts
Next >>