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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises an approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.


TSXV:NFG - Post by User

Comment by megacopperon Oct 20, 2021 11:29am
86 Views
Post# 34027033

RE:RE:Bitcoin Mania

RE:RE:Bitcoin Mania

Retiredgeo wrote: Fiat currencies are backed by the wealth and power of the economies of the nations that issue them.  Without that wealth and power a fiat currency is just ink on paper such as the Zimbabwian dollar.  What economy is backing up Bitcoin? - None!  

Digital currencies are online commodities which some people think have value.  I will stick with gold and silver which are universally valued and which will survive a computer hack!.

 


I agree with you guys about paper and digital currencies. Digital currencies are relatively new and I have heard horror stories of investors losing everything due to computer glitches and loss passwords and the entire investment just vanished into cyberspace never to be found. Lol


Yes with regards to paper currencies they are backed up by the country itself so there is value backing the currency. There is nothing that backs up these digital currencies that I can see.  History has shown that the country with the strongest military and strongest economy has always been the reserve currency of the world with the strongest currency which has been the United States in our modern world recently. So heavily traded commodities like oil trades in USD. 


I feel that gold is the ultimate currency because it has stood the test of time throughout our existence over thousands of years. It is a hard asset like land. I have always thought of gold as the commodity and/or currency that keeps all other currencies in balance across the planet. These paper and digital currencies can be created out of thin air but not gold. Gold is the ultimate currency!!! 

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