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Bullboard - Stock Discussion Forum Westgold Resources Ord Shs T.WGX

Alternate Symbol(s):  WGXRF

Westgold Resources Limited is a mid-tier gold producer and international gold company. The Company is engaged in the exploration, development and operation of gold mines, primarily in Western Australia. The Company owns and operates all of its underground and open pit mines. Its operations include Murchison Operations, Meekatharra Gold Operations (MGO), Cue Gold Operations (CGO), Bryah... see more

TSX:WGX - Post Discussion

Westgold Resources Ord Shs > A little more to chew on
View:
Post by MaterialsMan on Dec 05, 2024 7:33am

A little more to chew on

I think the new administration may find itself caught between a rock and a hard place.
If it embraces bitcoin, and tries to find a way to incorporate it into the financial system, it first has to figure where to get  some bitcoin.
They can't print it.  And MSTR has twice as much BTC as the federal government. So much for that idea.
Conversely, the U.S. has much more gold than anyone as far as we know. That would make it a wise choice if a sound digital currency is desired.The U.S. would be at the top of the heap. Of course that would leave Canada in the lurch as it doesn't have any gold.
Next is CBDC. That's probably the most likely outcome other than the status quo.
Some great minds are being appointed to critical positions within the U.S. government hierarchy by Pres. elect Trump. They are sure to come up with the perfect solution and save the world from itself.
Comment by Symbiotic on Dec 06, 2024 7:39am
I doubt they have the gold to have a gold backed instrument and even if the did the anti gold(paper gold) would need be rectified prior to any credible gesture on that front. They have to much anti market derivatives such as shorts to have an unbiased market instrument or process of anykind. They are just in too deep to come out looking clean. I can't see the devil coming out under a new guise ...more  
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