Time to acquire another gold mine at a huge discount is limited given the inflation is already at almost 6% till the year end. The Fed was trying to shrink its balance sheet and increasing interest rate back in 2018. They raised to 2.5% and then quickly reduced 3 times (75 basis points in total prior to Covid). China just sold 21.3 billion US bonds in August whereas they were the largest buyer back in 2008. In addition, there will be a war between China and Taiwan soon, which will send gold price to the moon. Can't go wrong with gold and silver in the current climate.
I applaud to the management to bring another gold mine under our portfolio when the gold price is under $1800.
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