Post by
Goaweigh on Nov 28, 2019 1:27pm
I'm not into these doom and gloom scenarios that may drive
the price of gold to ridiculous levels.
It might be good for the few nut bars who live in log cabins, are armed to the teets, have stockpiled a decade's worth of Libby's Deep Brown Beans and squirreled away a few oz. of gold but for the rest of us a $ 10,000 gold price might mean the collapse of everything else we own.
So unless you sell everything and buy bullion you could get completely screwed and there's very little chance of a recovery from that.
I'd prefer to see a slow rise to $ 1800 while we prove up/demonstrate a resource of 15,000,000 Oz. with district scale potential of 30,000,000 + + +
Think that would mean a solid $ 50 per share and maybe a lot more.
Now that's a scenario I can live with !
Comment by
diabase1 on Nov 28, 2019 1:36pm
I agree with you Go, but that's not the way the US sees it happening!!!!!!!
Comment by
flashcash on Nov 28, 2019 2:37pm
that's out the way https://stockhouse.com/news/press-releases/2019/11/28/great-bear-closes-c-16-7-million-over-subscribed-bought-deal-private-placement
Comment by
CdnBadger on Nov 28, 2019 1:49pm
I think you could see a real nice increase in gold past the $2000 level for sure when this market crashes. There just isn't anywhere else to put your money. The bonds which everyone prefers in the downturn are in terrible state right now. Gold will be the only game in town. $20 K no way but there is a big swing coming our way in the near future I think.
Comment by
Ghostofrljp on Nov 28, 2019 7:05pm
Agreed. What is it $17 trillion out there in negative rates? All they got is the equity markets for return for the most part. Once the money starts running from there gold will find a home. Just a matter of when.