No doubt what you say regarding global equity, banks, GFC, inflation etc is on point and raising capital is going to be tough. Although it can be argued that there are some major differences for example there isn't the same type of run that led to Lehman etc going under like domino's ( so far) or banks actually bailing other banks out.......
However it's hard to see much downside regarding gold and for all those that sold out and down ramped BRB last week at 37.5 c left 10% on the table.
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