WAF 2.87% $1.44 west african resources limited

So if this was a tech company, and they said they had signed up...

  1. 1,365 Posts.
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    So if this was a tech company, and they said they had signed up Annual Recurring Revenue of

    a) $98m this year,
    b) and next year it would sign up ARR of an additional $100m
    c) and in the third year it would sign up ARR of between 50 - 100m,
    d) to take the ARR to between $250-$300m
    the valuation would be in the 10's of billions of dollars. But alas it is a miner in Africa.

    The POG is still strong, just not at $2000.

    We are still in a long term Gold bull market, underwritten by:

    1) Quantitative Easing (counterfeiting)
    2) Monetary policy - Interest rates at lifetime lows
    3) negative real interest rates (the inflation rate is greater than the nominal interest rate),
    4) companies borrowing for share buybacks (think massive loans on their balance sheets)
    5) Global Fiscal stimulus - giving out free money to your own people so that they spend it, this leads to a multiplier effect where there is more money chasing less goods and inflation
    6) Government debt per citizen is over $365,000 per tax payer! https://www.usdebtclock.org/current-rates.html#

    Real inflation in the USA isn't 2%, according to the Chapwood index it's over 11% for the past 5 years!

    "The Chapwood Index reflects the true cost-of-living increase in America. Updated and released twice a year, it reports the unadjusted actual cost and price fluctuation of the top 500 items on which Americans spend their after-tax dollars in the 50 largest cities in the nation.It exposes why middle-class Americans — salaried workers who are given routine pay hikes and retirees who depend on annual increases in their corporate pension and Social Security payments — can’t maintain their standard of living. Plainly and simply, the Index shows that their income can’t keep up with their expenses, and it explains why they increasingly have to turn to the government for entitlements to bail them out. "

    So leaving money in the bank in the USA is devaluing your purchasing power by over 10% a year! There is only way for gold to go, but it's a question of how long until the story reaches mainstream.



 
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