Int rates were definitely not good for gold when we had no inflation. But what about when there’s big inflation?
eg If inflation is 7% and Int rates are for example 1% then that’s a real of -6%. Yeh? So for gold to hold its value then it would go up 6%. Yeh? Would that imply gold is a good store even in the face of rising Int rates so long as real rates are negative. Is that how it works?
Ann: Mining ramps up ahead of 1st production in June quarter 2022, page-184
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