DRE dreadnought resources ltd

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Ann: Australian Gold Conference Presentation, page-48

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tobiasroy

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26/09/24

11:36

Post #: 75848272
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Originally posted by TB51: ↑

Get this happening DT & Team
Topline
Gold prices continue to skyrocket, closing last week at another record high, as several factors help boost the precious metal which has actually outperformed the blistering stock market in 2024.

Spot gold prices ended Friday at a new record of $2,622 per troy ounce in New York, according to FactSet data, extending its year-to-date gain to 27.1%, topping the U.S. benchmark S&P 500 stock index’s balmy 20.8% return, including reinvested dividends.

Gold is on track for its best return since 2010, outpacing even 2020’s 25.1% gain as the COVID-19 pandemicaccelerateddoomsday investment bets.
The volume of global central bank purchases of gold have tripled since Russia invaded Ukraine in early 2022,accordingto Goldman Sachs, which also named concerns over climbing U.S. federal debt and the potential for increased institutional capital into gold exchange-traded funds (ETFs) as a driver of higher gold prices.
The two largest years for central bank gold purchases on record were 2022 and 2023,accordingto the Wall Street Journal. China was thebiggest buyerof the commodity during that stretch, though the People’s Bank of Chinadeclinedto bolster its gold reserves from May to August, ending an 18-month streak of gold purchases. Gold prices typically increase during times of uncertainty as investors look to clutch onto the metal which has been viewed as a source of value forcenturies, outlasting countless currency changes and conflicts. Gold, which traded as low as $255 per troy ounce in 2001, has enjoyed three distinct rallies since 2000, including around the 2008 financial crisis, around the COVID-19 pandemic and the last two years’ global inflation bout. The latest rally comes as most expertsbelievethe odds of a U.S. recession isunlikelyto occur imminently, eating into gold’s historic boost from heightened downturn fears.

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Nice try TB but I think most holders are feeling the pain of dismay with the SP and in need of a defibrillator, I doubt a meteorite with 50% gold content landing in the back of DT’s Ute would get us to 1.7c FM.

DRE Price at posting: 1.5¢ Sentiment: None Disclosure: Held
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Last 0.9¢		Change -0.001(10.0%)		Mkt cap ! $45.71M

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Ann: Australian Gold Conference Presentation, page-48

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Ann: Australian Gold Conference Presentation, page-48

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