Bullboard - Stock Discussion Forum Calibre Mining Corp T.CXB

Alternate Symbol(s): CXBMF

Metals & Mining Gold

Calibre Mining Corp. is a Canadian mid-tier gold producer. The Company has a pipeline of development and exploration opportunities across Newfoundland and Labrador in Canada, Nevada and Washington in the United States, and Nicaragua. It owns several operational open-pit and underground mines, two milling facilities (the El Limon and La Libertad mines), and a portfolio of exploration and... see more

Add To Watchlist

TSX:CXB - Post Discussion

Calibre Mining Corp > Global Fiat Currency Debasement

View:

Post by geezer21 on Jan 16, 2024 1:35am

Global Fiat Currency Debasement

With debasement fiat currencies around the world more fiat units are required to buy more tangible goods like gold, oil, electricity, electric cars, food, transportation, and other products.

https://www.zerohedge.com/geopolitical/catch-gold-wagon-or-lose-your-fortune-von-greyerz

Since the 2020 unprecidented dollar printing during the COVID pandemic the price of gold has remained elevated allowing Calibre rake in more dollars that they are turning around to pour back into the production of appreciating gold assets. With the purchase of Marathon Calibre has taken a major step to drive more dollars into gold.

https://tradingeconomics.com/commodity/gold

151

Comment

Comment by stockpunter on Jan 16, 2024 5:27am

Fortunately, we have historical records of POG in USD https://tradingeconomics.com/commodity/gold Gold was a pretty good investment over the last 25 years or so, but presently is near a USD price that it hit a about year ago and three years ago. By comparison, you would have been much further ahead if, three years ago, you had invested in SPY, an ETF that tracks the SP500. (BTW, the above ...more

Comment

Calibre Mining Corp