If you have a house and its worth $1.00 today and the banks and the housing market implodes then your house may end up being worth only $0.50c (just look at the USA) you lose half the value of your home, you cant sell it because the banks own most of it! and you are holding a junior gold stock that may go up but is fare more likely to go down as people run for safety and need to have cash to keep paying for their home loans.
As the market go's into a noise dive jobs are lost as banks, home loan lenders, builders and trades are laid off and cant pay for their home loans increasing government handouts that result in higher taxes that people in jobs have to service!
The only safe place to have your money would be in gold bullion not a gold stock.
W1
FML Price at posting:
7.1¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)