Agree with you but also add 3. Mining Development Plans - at...

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14/01/21

09:39

Post #: 50157254
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Originally posted by Harry1960: ↑

There are basically two ways the MGV SP can go up .

1. Gold goes up to USD $2500 plus
2. They increase their total resource base significantly.

The likelihood of either these two events occurring is very high .
ReasonThe price of gold is correlated to the economy.
As we all know rates are at 0% , the Fed have increased the size of their stimulus support and the central bank has the printing presses turned up to high .
The money has to come from somewhere.
Gold is a 12 Trillion dollar market and has long being a safe haven in times of uncertainty.

So why hasn’t gold already skyrocketed ?
Give it time.

When the shit hits the fan you will see gold do a Bitcoin and head for the stratosphere.
You just need to be patient. There’s a lot going on at the moment with the change of government and everything else.

But rest assured this has been tried before and governments have failed.

Printing money is not the answer but they are too afraid to increase taxes .

So ultimately the day will come when they have to pay the piper
And when that day comes it will be pay day for anyone holding gold shares, physical gold or long on the futures market.

Friends that day will come .

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Agree with you but also add 3. Mining Development Plans - at least initial feasibility

MGV Price at posting: 37.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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