Powerful Price Action in Gold
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- Опубліковано 6 кві 2024
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Gold has confirmed its breakout with an emphatic monthly and quarterly close at the end of March. Some of the gold miners are now on the move. As part of a series in partnership with the Gold Investment Letter (www.goldinvestmentletter.com) and Phenom Crypto Letter (phenomcrypto.com), Roger Hirst speaks to Eric Muschinski about the potential upside for blue chip and junior miners, and where he thinks the gold price needs to go to allow the tiny cap names join in the fun.
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Money market for spending, gold for saving and bitcoin for speculative investing
well saying...my father buy properties with gold since 50 years ago , people need to understand GOLD and silver
love Eric’s delivery
Condor gold -> looking to be acquired. Market cap - £50M …looking to produce £100M/yr base on $1600/oz. Gold …massively undervalued
Bitcoin (blockchain of nothing) literally stores nothing, and is backed by nothing just like Fiat.
It can't be a store of value when it literally stores nothing.😂😂😂
its made from nothing, its backed by nothing and its is nothing but greedy speculators buying it
I'm big on the miners but one thing to consider is that the increase in GOLD won't all go to the bottom line when/if ALL commodities are also going up which means inputs/costs will go up for miners also. Hopefully the price increase in GOLD more than offsets this.
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When US government has to admit that they cannot pay back the debt, they will revalue the gold that they have at Fortnox. 30 Trillions debts / 8k tons gold = 107140 dollars per ounces and if 40 Trillions debts / 8 k tons gold = 142850 dollars per ounces of gold. They also has to admit that social security is over. 😢
Fort Knox is 8k tons (and doubtful if that high). Not 80k. It will be easier to sell off aircraft carriers and national parks.
"Get used to it", what a clown.