Maybe not, these are extrordinary times and we are entering a phase of unprecedented money printing.
Unprecedented ! We have seen nothing like this in our lifetime, printing money out of thin air. Australia is the most indebted nation in the world and they are in the process of speeding the printing press up. Can you foresee the next phase, its called hyper-inflation, or the Venezuela disease.
If not hyperinflation, how do you think this will end ?????
I woud be very interested to know your answer.
P.S Westgold are losing millions in the curent hedging arrangement and that is fine, its managable. There were very good reasons to do it, like no one knows what gold will do and it secures the company in the develpoement phase. But extending it, could be fatal.
WGX Price at posting:
$1.89 Sentiment: Buy Disclosure: Held
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