Exactly, and here is why they're buying everything in the gold sector atm.
You always have to look at the big picture, there's $4 trillion dollars sitting on the sidelines according to Bloomberg ( and that's just in private equity hands ) looking for investment and they're talking to funds with access to the Australian and Canadian gold sector atm for investments.
You have to look at history to learn from it, what happened after the GFC? The investment was flocking to chinese companies backdoor listing them on the Dow Jones, Nasdaq etc. These companies were shit, maybe $15 mill t/o and were portrayed as $150 mill t/o and $1.5B t/o etc. when.
I'm sure we've all seen the reports, as recently as 2 months ago Lucky coffee ( chinese coffee chain fell from $50 to $1.30 over inflated bs t/o figures)
Safe to say those bridges are burnt. Gold doesn't lie, you either have it or you don't.
Where are they going now with investment $$$, China ? no , they can't even agree on trade agreements, emerging markets are now too unstable due to the virus lack of testing etc. ( eg. Indonesia only tests 2000 / million and has 15 000 islands compare to Australia where we test 72 000 tests / million ) The US investment houses see this. Companies like BGL will be noticed and bought, the big boys see this and know this they're just not advertising it.
It's only a matter of time imo.
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Exactly, and here is why they're buying everything in the gold...
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1 | 13556 | 1.115 |
Price($) | Vol. | No. |
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1.145 | 40000 | 1 |
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