Feeling very confident myself.... not in general economics wise.... but... bad news economically is good news for gold.
Have a look at Bitcoin.... there is talk of it now hitting ~ $1M......... WHY..... Inflationary pressures from QE.
$34T US debt and growing.... FACT.
$1T US debt added every 100 days....FACT.
INFLATION.... not going away.... too much fiat sloshing around.
Higher interest rates..... here for longer.... really just normalising back to mean averages.... sorry for those with mortgages etc.
So.... if bitcoin talk is ~$1M per coin.... gold to be priced accordingly..... would have to reach.... $10K....$15K....$20K.
Record POG.... not going away... much higher highs to come IMO.
It is said that less than 1% of investors HOLD physical gold or silver..... how many here do?
No counter party risk. No gov interference. No banks.... that can have a 'holiday'.... no ASX.
When the sh#t hits the fan and the run for physical PM's begins.... there will not be enough to go round.... not at these prices.
That is when real pricing will begin and to just get anywhere near a GOLD STANDARD type of pricing structure.... gold will need to go up exponentially.... snowball.
It is a known fact the quantity of above ground gold reserves are not sufficient to cover a major run for safety when investors and countries realise their printed money is worth exactly what it is printed on.... you can't even wipe yourself with it anymore.... it's plastic.
There has never been a better time for gold... DRE are exploring for gold at a time possibly unprecedented for demand and price.
Some rainy day musings.... good luck all.... the gold bull has begun.
- Forums
- ASX - By Stock
- DRE
- Ann: Star of Mangaroon Camp Scale Gold Prospect Expands
Ann: Star of Mangaroon Camp Scale Gold Prospect Expands, page-37
-
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DRE (ASX) to my watchlist
|
|||||
Last
1.7¢ |
Change
0.002(13.3%) |
Mkt cap ! $63.46M |
Open | High | Low | Value | Volume |
1.5¢ | 1.7¢ | 1.5¢ | $52.82K | 3.314M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 391849 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 1251070 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 391849 | 0.016 |
44 | 6901855 | 0.015 |
15 | 3342523 | 0.014 |
6 | 2645284 | 0.013 |
4 | 2780555 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 1251070 | 9 |
0.018 | 2359168 | 6 |
0.019 | 776500 | 7 |
0.020 | 1747762 | 8 |
0.021 | 4121225 | 9 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
Featured News
DRE (ASX) Chart |