Originally posted by AndyIgo
Hi Skol and all,
From my post: 36982059
With DRO sitting at $0.175 and BBX also at $0.175 are you game for another wager I’ll be happy enough to make this the official start day 29/12/18 we can look at these prices twice next year 1/07/19 and 31/12/18.
Skol accepts the wager in his post: 36982725
If you like. But I don't like your chances given your history with gold juniors, it's not pretty. And wasn't your favourite 'goldie', BBX supposed to be $1 by the end of 2017? Anyone taking your 'investment' advice would be insolvent.
So, I guess that’s game on, can one or two others in here assist in adjudicating here given my mates proclivity for being liberal with the truth on occasions and his love of pastry encased pork edible treats!
By the way please don’t put words into my mouth as I always make it clear that I do not and cannot give investment advice of any kind as it’s far too dangerous to do so. I would feel terrible for any financial loss caused by such advice, such as going long CBA @ $84.92 or shorting Gold on the expectation of it falling to $800.00 any time soon.
So, I reiterate to all please ensure you do your own research and full and due diligence before entering any share purchase this includes the whole range across speculative Gold explorers to high quality Blue-Chip stocks such as out big four banks!
However, that said if anyone recalls the details of my previous wager with Skol, they will recognise that a four cent share up today by a tad over a factor of four is certainly heading in the right direction.
Back to Gold specifics:
The item below is from a Gold site, so it can be expected to be a little biased; however, it would appear that there are mixed feeling from the banks as to where the Gold price may go in 2019. I have long said that one day these big debts will have consequences. I don’t believe the Gold price has ever been correctly adjusted for the amount of money printed into existence since the GFC; however, if we do see a day of financial reckoning during 2019, I do expect to see the Gold price rice substantially.
Therefore, I will continue to hold onto my physical Gold as protection of my future purchasing power and may even add a little more Silver during this year as I think the price under US $20.00 presents a wonderful opportunity.
Gold Price 2019: 5 Analyst Outlooks
https://www.bullionvault.com/gold-news/gold-2019-122720183
https://goldprice.org/gold-price-charts/20-year-gold-price-history-in-australian-dollars-per-ounce
As 2018 ends I hope all readers in here are pleased with whatever personal measures they have taken to protect themselves in the event of some possible financial calamity during 2019. I also wish all a prosperous New Year for 2019.
Cheers and very best regards: Andy
If we take a look at your historic gold 'picks', it shouldn't very difficult to thrash BBX. Bankruptcy almost certainly awaits those accepting your investment 'advice'.
I won't bother putting up a chart of those alleged 'millionaire makers', but suffice to say that they are all down well over 90% in the last few years, and I'm sure BBX awaits a similar fate. A hole in the Amazon jungle, hundreds of miles from anywhere, in a country rife with corruption, a history of mining squabbles and a very wet climate.
You certainly make a good point when you post that others should completely disregard your investment 'advice' after EXU, RSG, KRM, and IAU.
While you denigrate others about the PPT, politicians on the take, bank corruption, pork pies, and Federal Reserve incompetence, your 'can't miss' goldie, BBX, is involved in mining in the Amazon, a company I wouldn't own anyway, because while I'm not a greenie, destruction of the jungle, marginalising the indigenous indians, mercury and cyanide pollution and the affect on the local fish and animal populations is something I'd prefer to stay away from.
Economic collapse in 2019 Andy?
Join Peter Schiff, Jim Rickards, Mike Maloney, Jim Sinclair, Clif High, Egon Von Greyerz, Gerald Celente and all the other 'financial experts' with their annual crystal ball omens.
