Not completely uncharted territory as we look back at the GFC and the 2011 "Recession"/Post Recession recovery for POG, which directly has an effect on all goldies.
It is early days, and there is still a lot of ground to be covered. How much ground is anyone's guess. POG will go down and once again it is anyone's guess how much and for how long. It is unprecedented how much money got printed from the pandemic, and we all knew inflation will hit and some that stagflation is inevitable.
Best bet in this would be gold, but long term as over the next turbulent time I bet my bottom dollar we are in for some pain with POG coming down, and DEG which remains an incredible stock, as well.
All I can say, is DYOR, stay strong, do your strategy and stick to it. This will recover, and the graph below will give you some guidance. GFC was short lived for POG drop and great recovery, and 2011 long drop and long recovery to where we are now. It could go either way, but at the end of the day, I think we will see a higher bullion due to exorbitant debt, and that will be exceptional for us in the long run, especially once we start producing.
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Not completely uncharted territory as we look back at the GFC...
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Last
$1.22 |
Change
0.015(1.24%) |
Mkt cap ! $2.923B |
Open | High | Low | Value | Volume |
$1.21 | $1.22 | $1.20 | $11.43M | 9.413M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 563505 | $1.21 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.22 | 270012 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 563505 | 1.205 |
17 | 544223 | 1.200 |
5 | 67802 | 1.195 |
10 | 148365 | 1.190 |
3 | 21630 | 1.185 |
Price($) | Vol. | No. |
---|---|---|
1.220 | 187368 | 3 |
1.230 | 16466 | 2 |
1.235 | 26130 | 2 |
1.240 | 19875 | 2 |
1.245 | 10616 | 1 |
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