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Bullboard - Stock Discussion Forum Vermilion Energy Inc T.VET

Alternate Symbol(s):  VET

Vermilion Energy Inc. is a Canada-based international energy producer. The Company seeks to create value through the acquisition, exploration, development, and optimization of producing assets in North America, Europe, and Australia. Its business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding acquisitions. The... see more

TSX:VET - Post Discussion

Vermilion Energy Inc > got gold ?
View:
Post by whoLuLu on Jun 12, 2022 2:52am

got gold ?

Inflation threat is far from over, got gold?

Kitco News

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(Kitco News) - After a relatively quiet week, the gold market saw some fireworks on Friday as investors reacted to rising inflation pressures.

Economists expected to see a further decline in consumer prices in May; however, the U.S. Labor Department said its Consumer Price Index rose 8.6% for the year in May, hitting a new 40-year high.

Gold price action Friday was impressive, to say the least. In a nearly $50 price swing, gold went from the bottom of its range just above $1,825 to test significant resistance at $1,875 an ounce.

According to many market analysts, the Federal Reserve's credibility is now on the line as investors start to question if the central bank can actually bring down inflation. Although the Federal Reserve is expected to raise interest rates by 50 basis points next week and in July, they remain woefully behind the inflation curve and some significant investors are paying attention.

Thursday, David Einhorn, founder of Greenlight Capital and a long-time gold bull, said that gold will be an essential asset as the Fed is bluffing when it comes to taming inflation.

"The Fed doesn't really have the tools to stop the inflation. When the Fed has to choose between fighting inflation and supporting the Treasury, I think it has to pick the Treasury. At that point, it's best to have some gold," he said in a presentation during the annual Sohn Investment Conference.

But it's not just investors who see gold as an essential asset in a portfolio. Wednesday, the World Gold Council released its annual central bank gold survey. Fifty-seven banks participated in this year's survey, and 25% said they wanted to increase their gold reserves in the next 12 months.


It's best to have gold as
Comment by whoLuLu on Jun 12, 2022 2:57am
Big inflation will spur gold Adam Hamilton - Zeal Intelligence | June 10, 2022 | 9:08 am Markets Gold  Stock image. Gold investment demand should be soaring with serious inflation raging, catapulting gold way higher. Yet recently it has greatly lagged fast-rising general price levels, confounding contrarian investors. But history argues this anomaly won ...more  
Comment by stockmarket1 on Jun 12, 2022 1:03pm
Unless, there is a gold bug analyst on tv. For some reason, this sort of stuff isn't mentioned on BNN etc as much so, what are some great valued Gold stocks to invest in? 
Comment by whoLuLu on Jun 12, 2022 3:19pm
check mess. box
Comment by stockmarket1 on Jun 12, 2022 6:46pm
Got it thanks and responded. Cheers
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