Post by
BUYSilverGold on Feb 16, 2024 10:32am
Gold and inflation 2023
Well Gold was up 10% in 2023 that 10% helps little against street level real inflation vs the msm inflation data, NFG was down 16% in 2023 so why no inflation hedge?
ABX, AEM the same up 4% and 6.6% in 2023
I've watched far too many experts telling their viewers gold n silver are inflation hedge investments well the math doesn't add up
crazy times I guess the dance tune changed and I didn't notice as oil has been a better inflation hedge
Comment by
Cobalt on Feb 16, 2024 12:19pm
Good work as you are right, media is wrong and dont care to find the truth lol gold does not move on inflation, it is 89% correlated to the ten year real rate you can see it peack in oct 2.25% and gold bottomed, 1.94% now.
Comment by
BUYSilverGold on Feb 16, 2024 1:04pm
well we know the msm lies about everything
Comment by
liljohnnyjoke on Feb 16, 2024 2:18pm
imo this company has designs on becoming one of the world's leading copper producers using the stability of their gold inome to grow the copper side of the business