gutumike,
Truth be told, the ground work for a BRICS Gold backed Currency appears to have
already been established. 44 nations have expressed interest in joining BRICS and
at least 22 have applied for membership. So if all applicants become members they
would account for 'half' the world's population. BRICS is sending a direct message
to the U.S. that they don't support the current 'Global' financial system.
Make no mistake-over time the BRICS are going to be 'anchored' to a steadily rising
Gold price and the U.S. / UK/Australia are going to be anchored to "Nothing".
All the while central banks-especially Asian-have been accumulating bullion and
adding to - declared and undeclared- reserves in record quantities.
***
Many investors today have never lived through a Great Gold Bull Market. In the
1970s Gold rose from a low of U.S. $35 per oz in 1971, to $180 in late 1974.
Then Gold had a correction ,falling 40% to U.S. $110 in August 1976 and from
from there mounted an 'historical rally'. By June 1978 it was back to U.S. $180.
Then Gold went "Parabolic" and surged to U.S. $850 in January 1980.
In 1979 a major oil spike after years of 'global energy inflation' in conjunction
with political instability [insanity] sent Gold investors into a final buying spree
in 1980.
Gold stocks gave a staggering performance at that time. Many of them were
still greenfield explorers-yet many of them were 10 baggers. Some juniors
gained 13,000 percent [ Copper lake] However, average gain was 2,313 %
on a list of 13 Gold juniors.
In the past 50 years Gold has produced three [3] major Bull trends and is now
in its 4th.
The smart money knows this and is hovering over the Gold stocks and picking
up Physical Gold and- " producing Gold Juniors." All the while the retail sector
is asleep at the wheel.
***
When U.S. Gold price goes past $2000 and stays there, -at that point- the bullion
buyers start looking at "Junior Miners" because compared to the bullion price
the miners look-and are- cheap.
[ The political /economic conditions today are ripe for a monster run higher as
the 'federal reserve' /central banks [scam] have done their part with endless
money printing and there're not stopping any time soon]
***
Jonathan Downes is a man of many parts. Kaiser being a 'Gold producer' will
be among in the top junior bracket if this market plays out like the previous 3
Great Bull Runs. And if they hit the Eagle/Swan zone as the mania unfolds
with a tight register? The A1 will be a true 'Gold Factory' in the Victorian Alps
Patience is a virtue ,possess it if you can!
Go well,
Hm
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