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Bullboard - Stock Discussion Forum Condor Resources Inc V.CN

Alternate Symbol(s):  CNRIF

Condor Resources Inc. is a precious and base metals exploration company focused on its portfolio of projects in Peru. The Company’s flagship Pucamayo project is located 185 km southeast of Lima and covers an area of approximately 85 square kilometers (km2). Its other project includes Chavin, Soledad, Quriurqu, Huinac Punta, Humaya, Andrea, San Martin, Quilisane, Rio Bravo and Cobreorco. The... see more

TSXV:CN - Post Discussion

Condor Resources Inc > Where's Gold ?
View:
Post by Crashcomingsoon on Nov 08, 2023 5:52pm

Where's Gold ?

My Comment:  When will gold respond to the unsustaianable national debt ?  And it's too late for any realistic solutions given that the debt will soar in the next recession, not to mention that Congress needs to fund two wars.  I expect the debt to continue to put upward pressure on long term treasury rates.

Endgame: Interest On US Debt Skyrockets Above $1 Trillion For The First Time Ever | ZeroHedge
Excerpt:
An even more damning conclusion comes from Hartnett, Fiscal excess in the 2020s is adding to already high levels of government debt; until policy makers address the trajectory of government debt, investors are likely to worry that asset-bearish solutions to indebtedness such as inflation, default, currency debasement, are set to be pursued; but as likely central banks may simply bail out governments in coming years via QE & the introduction of YCC (policies that would be v US dollar negative).
Comment by Brianw21 on Nov 08, 2023 7:55pm
Well it would be nice to own a high producing gold mine!  Especially if gold prices are high!  Maybe a company that has no debt and other properties which might have copper and silver!  Of course it owuld help to have an experieicend Chief Geologist and a third party investment firm that profiles this company. Perhaps I am being a little vuggy with my silica!   I'll ...more  
Comment by GoldfingerU3O8 on Nov 11, 2023 2:09pm
Gold will only go up when the Fed allows. With two wars and this kind of inflation it should be already at 3000, but the FED has different plans
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