gold, page-87756

First 87756 Last

Share
Profile

Follow
Bunn-Wackett

23,936 Posts.

1361

10/11/20

09:13

Post #: 48756232
Share

Originally posted by lewinsky: ↑

It is great news from Pfizer and significant that this has been released 5 days after the US Election and not 5 days before.
The election of Joe Biden is not a magic cure all. We have a seething Donald Trump who will be even worse following the Pfizer announcement. He remains in control until the 20th January and you can bet there will not be an orderly handover. He and his irresponsible sons will continue to incite the cult followers.
Now look at the US Debt to GDP ratio.
In 2008 when Obama took office Debt was $10,025 (in billions rounded) 68% debt to gdp
In 2016 when Trump took office Debt was $19,573 (in billions rounded 104% debt to gdp
In 2020 when Trump got rolled Debt is $26,477 (in billions rounded and 136% debt to gdp.

Put in perspective Greece debt to gdp i2 182% and Greece is considered a basket case.

So good luck Joe, first on extracting Donald and then trying to turn this around.

So a prudent person should be holding a proportion of their investment in gold or gold miners where there is no sovereign risk. The fall today in my opinion is a knee jerk over reaction and you need to look at the broader picture.

My thoughts only.

Expand

“It is great news from Pfizer and significant that this has been released 5 days after the US Election and not 5 days before”

I’m so happy with that as is the rest of the civilised world.
1 Upvote

0 Great analysis

Reply

Top Stories

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

FL1

First Lithium hits high-grade mineralisation in all holes of diamond program in Mali

STK

Strickland Metals jumps on mammoth gold-copper-silver hit over 300m width at Serbian Rogozna Project

The Rising Tide: How institutional adoption is shaping the future of crypto

CU6

US FDA awards Clarity Pharma's novel prostate cancer PET scan imaging compound fast track status

There are more pages in this discussion • 40,989 more messages in this thread...

First 87756 Last

Add GOLD (COMEX) to my watchlist

gold, page-87756

Top Stories

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

First Lithium hits high-grade mineralisation in all holes of diamond program in Mali

Strickland Metals jumps on mammoth gold-copper-silver hit over 300m width at Serbian Rogozna Project

The Rising Tide: How institutional adoption is shaping the future of crypto

US FDA awards Clarity Pharma's novel prostate cancer PET scan imaging compound fast track status

Featured News