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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 hockeyplusgoldon Jan 06, 2022 6:23pm
170 Views
Post# 34291008

RE:RE:RE:RE:RE:The news today is very good imho

RE:RE:RE:RE:RE:The news today is very good imho

 

If your talking about the selling of gold  it won't go on much longer inflation is real and real interest rates are negative even if the feds raise rates 3/4 a % as they have indicated real rates will still be negative 
the government as in the 70s and early 80s they said we had no inflation until it was out of control 
rate increases are also inflationary they make everything cost more with the huge government debt and personal debt I expect maybe 1 or 2 rate hikes that 1/4 to 1/2 % anything over that will cause more harm than good if they do get to that 3/4 hike I would think they would start to cut shortly after reaching 3/4 that being said inflation in USA running @ 6.8 % now and Canada @ 4.8 % I believe both these numbers to be understated by both governments 
rates in both countries are negative right now USA trying to strengthen their Dollar so they can export some of their inflation to other countries they do this to Canada all the time 

long and short is gold going to do very well with inflation outpacing interest rates the governments can only talk inflation down to a point the average person sees their dollars buying less every week 
once this is realized by the average person wage inflation will kick in once that happens gold will be on steroids 

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