Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Bullboard - Stock Discussion Forum Precipitate Gold Corp PREIF


Primary Symbol: V.PRG

Precipitate Gold Corp. is a Canada-based mineral exploration company focused on exploring and advancing its mineral property interests in Newfoundland Canada and the Pueblo Viejo Mining Camp, and Tireo Gold Trend of the Dominican Republic. The Company's exploration projects include Pueblo Grande, Juan de Herrera, and Ponton. The Pueblo Grande projects land position surrounds the Pueblo Viejo... see more

TSXV:PRG - Post Discussion

Precipitate Gold Corp > Patience I have
View:
Post by tarsands on Mar 02, 2021 10:33am

Patience I have

I have more patience then money right now! LOL> The article below in my view says the US FED will have too at some point need too step in with yield control on the long end of the game. Like buy up the 10 yr bonds and 30 yr bonds.

https://www.bankrate.com/banking/federal-reserve/what-is-yield-curve-control/

The U.S. government is now so heavily indebted, that if interest rates continue to climb up, interest expenses alone could bankrupt the Treasury, said Michael Gentile, strategic investor and board member on several gold mining companies.
"If you take the $30 trillion of debt that [the U.S. government] has now, assuming rates go to 5%, which is not a crazy number historically on a 100 year perspective, that would be $1.5 trillion of interest expense, which would be 50% of their revenues, up from 10% of their revenues. So quite simply, they'd be completely insolvent at that level of interest rates," Gentile said, adding that the same apples to the other G7 countries.

https://www.kitco.com/news/video/show/Market-Analysis/3237/2021-02-27/Higher-yields-would-bankrupt-the-US-Treasury-and-wipe-out-these-assets#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DMarket-Analysis
Be the first to comment on this post