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clock Created with Sketch. 30/11/23
20:30
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Originally posted by Winmore:
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If the US price of gold goes to $3000 dollars or higher, then 37 cents is way short of the potential true value of RED 5. This all depends on the prospect of a U.S. recession in 2024 and a hard landing. Dont listen to US Government officials or major banks like Goldman's as they have a vested interest in painting a rosey picture. If you Google " Potential for a US recession in 2024" lots of informed commentary will come up about why a massive financial reset is imminent. The US is the worst culprit for debasing its own currency but many G20 countries around the world are not much better. Gold ALWAYS preserves wealth so there will be a flight to it as a safe haven. Bitcoin will probably do quite well too because it cannot be created on a printing press.
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I couldn't agree more with your comments. Just imagine if GOLD goes to US $5000 to US$20,000 I couldn't image the price of Red5 Shares then and how many $$ we will be looking at. If the 1970's play out which once we get over the USD$2100 mark we could see very much a start of a bullish trend start to immerge from Insto's and mum & dads buying in with guns blazing. The Central Banks are on spending spree currently and trying to fly under the radar at present in buying as much gold as they can. With Interest rates starting to flatten out which in turn will see weakness in the US$D GOLD is about to have it's day in the sun.
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