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Kirkland Lake Gold Ltd. T.KL

Kirkland Lake Gold Ltd is a Canada-based gold mining, development, and exploration company with a diversified portfolio of exploration projects. The production profile of the company includes the Macassa mine complex located in northeastern Ontario and the Fosterville gold mine located in the State of Victoria, Australia. Also, the company owns the Holt mine and the Detour mine. The company's mines and material mineral projects are located in Canada and Australia.


TSX:KL - Post by User

Comment by johnathamiltonon Jun 17, 2021 10:52am
93 Views
Post# 33401755

RE:RE:Money printing is inflation of money. Gold should be up up

RE:RE:Money printing is inflation of money. Gold should be up up The long term issue is that the USD hegemony is under pressure. Gold was going up before COVID and all the QE was released. Yes, Short Term USD will rise, but the US cannot sustain higher interest rates and unless it can balance China in production, will be in a structural deficit requiring continuous deficit budgets. More USD will be in circulation so its value will erode. Gold should benefit, however, there are other issues that will affect gold of course, like crypto currencies. It will all be very interesting. Be smart. 
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