GREY:VITFF - Post by User
Comment by
HoneyBadger77on Apr 12, 2024 11:01am
93 Views
Post# 35985669
RE:RE:RE:Just Imagine
RE:RE:RE:Just Imagine You're right BigJake, it's best to wait until 2025 to buy when the VG margins are $1000+ US dollars because VG shares will be a lot cheaper then....LOL
With an over $73 move up in the price of gold today (and gold has jumped over $13.00 more in the time it took me to write this post), everyone keeps asking why aren't the gold miners moving up significantly higher and what's it gonna take for these gold miners to move up meaningfully? Well, if the gold price stays here or goes higher and gold companies start to make profit like many of the oil companies are doing today, then the money will flood into gold miners as well. And yes, that even includes VG, not matter how dire things look right now.
I've invested in gold stocks for over 40 years and I've never seen gold run higher and higher like it's doing today and that tells me there's something much bigger going on that's driving prices higher and I'm afraid that when that last shoe drops, we're all going to have bigger things to worry about than the price of gold and VG share price.
HB77