King River Resources Ltd T.KRR.W

Primary Symbol: KRCLF

Metals & Mining Gold

King River Resources Limited is an Australia-based exploration and mining company. The Company operates through two segments: ARC High Purity Alumina (HPA), and Exploration and Evaluation. ARC HPA Project segment develops the ARC HPA process and precursor compound to produce HPA. Exploration and Evaluation segment is engaged in exploration and evaluation activities of its gold projects in Australia. The Company’s projects include Rover East Project, Tennant Creek East Project, Barkly Project, Mt Remarkable Project and Kurundi Project. The Mt Remarkable Project is located 200km southwest of Kununurra in the East Kimberley, Western Australia and covers over 2,100 square kilometers of adjacent and/or nearby granted exploration licenses. The Tennant Creek Project is located to the East, Southeast and South of the rich historic goldfields of Tennant Creek comprising gold-copper exploration leases and applications measuring some 6,000 square kilometers.

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King River Resources Ltd > Bailing out the one percent.

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Post by Symbioticon Mar 13, 2023 11:26am

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Post# 35334799

Bailing out the one percent.

FDIC was supposed to be for upto 250k not for over. The one percent (lions share) of fiat doesn't generally perceive gold as sound money because their fiat becomes sound in real time as it gets supported at everyone else's expense. Gold is supposed to be supported by market forces which they know are largely absent or are heavily mitigated against. If the one percent were left unprotected they would move to protect themselves. Them doing so would very quickly drain all physical supply. It would also be a mental sea change from synthetic instruments and those would collapse.

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