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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 > Gold, and the lesser of the metals, silver, are
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Post by Evenkeel123 on Aug 05, 2024 8:55am

Gold, and the lesser of the metals, silver, are

Not ingrained at all into the younger generation.  It's too bad really.  Try this sime time, and you will experience it as well.  I carry a Canadian silver dollar, 1965 common date, in my pocket at all tlimes.  I have shown it to tellers in the bank, and get the astonishing remark "what is that?".  They hold it, look at it, and shrug it off.   Try this some time.  It's fun, actually. 

There is no education at all on the subject of real money vs what is known today as a simple way of conducting exchange, through credit cards.  Even cash is shuned in many places now, like sports arenas and concerts, where you need a credit card to buy a bottle of water.

If the current generation has no monetary education, then how can we expect there to be an influx ov awareness for such when most charge it up, pay the interest, and are beholden to the banks without even realizing it.

So as has been stated in the past by many, the gold arena is central bank terrirory and they control it for themselves.   It is their playground.  They find new ways to enslave the younger generation with many enticements, and how can the older generation justify or make a change in this system.

You know you can't go grocery shopping with a silver or gold.  Nobody will exchange it, and for what?  They have no clue in most cases what it is worth in fiat.  So perhaps the little of gold or silver you have saved and put away will one day be exchanged only for fiat anyways, with the hope that the exchange rate is favourable to do inflation, or hyper-inflation.  What else are you going to with it? 

EK
Comment by alwil106 on Aug 05, 2024 9:23am
That was in 1914. In 1923, at the most fevered moment of the German hyperinflation, the exchange rate between the dollar and the Mark was one trillion Marks to one dollar, and a wheelbarrow full of money would not even buy a newspaper. Most Germans were taken by surprise by the financial tornado. 1980 gold price of $850 to debt ratio would put the gold price to debt ratio today ...more  
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