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Bullboard - Stock Discussion Forum New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises an approximately 1,662 square kilometers area, located about 15 kilometers (km... see more

TSXV:NFG - Post Discussion

New Found Gold Corp > RE: paper gold
View:
Post by farmboy75 on Jul 15, 2021 9:26am

RE: paper gold

Basil 3 was suposed to fix the problem of paper gold distorting the gold markets and allowing for massive distorting ande manipulation of gold prices. But the UK carved out an exemption for itself, and most gold transactions are cleared thru the London exchange, So it remains to be seen what if any this basil 3 will have on paper gold going forward. GLTAL
Comment by BlindBoy on Jul 15, 2021 10:33am
It was well known that the initial phase would apply to Europe. The part affecting the UK is to kick in Jan 2, 2022 .
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