GREY:VITFF - Post by User
Comment by
barringtondolbyon Mar 10, 2024 7:44pm
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Post# 35925531
RE:RE:RE:RE:VALUATION
RE:RE:RE:RE:VALUATIONAn interesting point about the situation in the US commercial real estate market. The Feds chairman Powell acknowledged this past week that there will be losses. There are, supposedly, some 300 banks that are at risk. An example of how weak the commercial real estate market is, a company, who bought a 29% interest in a building in NY that sold for $300 million in 2021, recently gave up its share for $1. Of interest that company invest funds for the Cdn Pension Fund!!
As has been mentioned by HB77 and others, on this Board,the geopolitical situation alone should be enough to get institutional and retail investors buying into gold. With the uncertainty of what a Presdential election may bring, and a still possible hard landing this summer, I understand why many pundits believe gold will establish new highs going into next year.
What is hard to fathom is why we are not seeing more upward movement in mining stock prices?