Thanks @eshmun. "Crony Capitalism" - this has been to the fore for how many years? At least since 2008 surely. The Fed. Reserve is continuing this under Powell's leadership. What is the term? "moral hazard" - this has been removed again just as it was in 2008. Junk bonds are being bought by the Fed.and failed companies like Hertz bailed out. No doubt banks will be too when things get bad. Protecting the retail depositors is one thing and protecting the owners (shareholders and management) from capital destruction as a result of bad decisions is another.
No doubt gold equities will suffer in any stock market crash, just as they did in March with COVID. However, don't you think that producers will pick up because of those companies' increased cashflow, if the POG later increases? Explorers and developers are a different matter if cash becomes king, since they can only survive on capital raisings.
SAR Price at posting:
$5.16 Sentiment: None Disclosure: Held
