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Bullboard - Stock Discussion Forum Marathon Gold Corp T.MOZ

Marathon Gold Corporation is a Canada-based gold exploration and development company. The Company’s primary business focus is the exploration and development of its flagship asset, the wholly owned Valentine Gold Project, located in Newfoundland and Labrador, Canada. The project comprises a series of five mineralized deposits along a 32- kilometer system. Its prospects are located along the... see more

TSX:MOZ - Post Discussion

Marathon Gold Corp > Whoa all the shutdowns at gold mines announced today!
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Post by tarsands on Mar 23, 2020 9:58am

Whoa all the shutdowns at gold mines announced today!

Would this then cause a shortage of the commodity (GOLD)  more demand from the market?

Would that in any other situation cause a huge price increase!

More demand less supply!
Comment by Ridgeback on Mar 23, 2020 12:00pm
Shutting the mines temporarily is a prudent move to protect the work forces.  I doubt it has much effect on AU pricing at this time. Debt is the culprit waiting to crush the markets. The damage is done thanks to the virus spread and what is happening right now is every single government is printing more and more money. You have one rescue package after another and that’s just the beginning ...more  
Comment by MudCreeker on Mar 23, 2020 8:08pm
If gold was like other commodities that get used up, you'd be right to expect a big price rise when production capacity gets idled.  That's how OPEC works the price of oil, for instance.   However, gold does not get used up.  Every ounce that has ever been mined in the history of man (and the prehistory too for that matter) is still available.  All of it forms the ...more  
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