New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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.

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New Found Gold Corp > DXY is on a bungie cord

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Comment by Global1966on Oct 21, 2021 7:34pm

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Post# 34035398

RE:RE:RE:RE:RE:RE:DXY is on a bungie cord

The longest bear market in recent times was the Great Depression 1929 to 1935.
The price of gold was fixed by the US govt back then.
If you accept that a prolonged bear market will result in deflation (I'm no expert) then you want to be in the big gold producers.
Homestake paid out record dividends in those 6 years and its share price rocketed.
Mind you this time around, the price of gold isn't fixed and there is a growing appetite for cryptos, so things may be a little different but still positive.

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