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Gold Boom Imminent, page-2

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08/06/22

08:50

Post #: 61883295
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Originally posted by coto: ↑

A gold boom appears to be imminent. Some very interesting comments from the World Bank today. After a couple of years of playing down inflation and constant rhetoric that Inflation during covid was just a short-term issue, compounded by Covid stimulus, they now seem to be admitting defeat.

"The Bank said its global economic prospects (GEP) report was the first systematic attempt to compare the current state of the world economy with those during the stagflation of the 1970s. It said theslowdown in growth between 2021 and 2024was on course to betwicethat of the periodbetween 1976 and 1979, adding that recovery from the high inflation that followed the oil shocks of the mid and late 1970s required steep increases in interest rates in the west. These played a prominent role in triggering a string of financial crises in emerging market and developing economies."

“Amid the war in Ukraine, surging inflation, and rising interest rates, global economic growth is expected to slump in 2022. Several years of above-average inflation and below-average growth are now likely, with potentially destabilising consequences for low- and middle-income economies. It’s a phenomenon – stagflation – that the world has not seen since the 1970s.”

Full article here:Return to the 70s: World Bank warns of weak growth and high inflation (msn.com)

So what happened to the gold price during this period 1976-1979???
Gold rose from $120usd to $640usd. Approximately a 530% increase.

There are different factors at play in today's modern world, such as Crypto investing. Potentially this may affect such a massive move and take some liquidity away. However, the fact that the current issues are expected to be twice as bad as they were in the 1970s tells me that there is a massive boom ahead for the gold price regardless. At minimum during the next 3 years, gold will double IMO. We are looking at $4000usd gold in the next few years in that case and it is likely to be much more! Especially if crypto fails to fire - many are expecting it to lose its safe-haven shine and instead the market will turn to traditional safe havens. Get set for the mother of all gold booms in the weeks ahead... Right now we are seeing the big end of town cap gold around mid $1800usd levels. Once they have their fix, it will run big time. Then the AUD gold prices will get even stronger since they are already at near records. A great time to be accumulating ASX gold stocks, especially with bargains to be had around tax sell time. Good luck everyone, it has required a lot of patience but the time has almost come!

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I hope you are right!
$4000 a ounce that makes this resource worth about 8.5 billion.

AUC Price at posting: 5.8¢ Sentiment: Buy Disclosure: Held
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Gold Boom Imminent, page-2

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

The Calmer Co’s Anthony Noble reflects on record breaking FY24

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

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PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

Helix investor makes partial takeover bid, proposing board changes

Lendlease sells off US east coast construction operations in latest global divestment push

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

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Gold Boom Imminent, page-2

Top Stories

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

The Calmer Co’s Anthony Noble reflects on record breaking FY24

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

Helix investor makes partial takeover bid, proposing board changes

Lendlease sells off US east coast construction operations in latest global divestment push

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

Featured News

Buyers (Bids)

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