$3.90 valuation by GS updated, page-372

Agree very short term issues...remember the fire under POG when GFC related QE flooded the globe with cheap cash and fiat currencies plummeted.. what has happened in the last few weeks, with QE unlimited world wide, has not as yet sunk in...the markets are still rattled by a virus phenomena that we have never had to cope with before. Imo as soon as the virus curve shows signs of flattening in the US (and that could be within days or a few weeks) we will see attention drawn to the monetary and fiscal measures unleashed in the short term to combat the "attack". These measures, imo, were over-done and their consequences for global disruption is yet to materialise. With goldies running out of resources world wide there will be a shortage of market gold and that of course leads to the sustained rise we will have.. As soon as the plant shutdowns are over the resource sectors generally will be off...a good time for Gold.