GOR gold road resources limited
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Next equity drop will GOLD up?

  1. Agent86
    2,977 Posts.
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    26/02/20
    15:12
    Post #: 43166002
    "History doesn't repeat but it does rhyme"

    The 2008 GFC witnessed sizeable collapses across the board including quality gold stocks seen as holding "safe haven" status, after which the gold price surged to 1900 US dollars and gold stocks recovered by virtue of riding that upward wave.

    The situation is also more dire now than it was back then.
    https://hotcopper.com.au/data/attachments/2009/2009089-f35fbc97d67a32191642af9aae345c52.jpg
    GOR Price at posting: $1.67 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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  3. OceanView
    2,832 Posts.
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    26/02/20
    15:42
    Post #: 43166856
    Surely if more equity money is extracted -- -- then there will be no other place to place wise money other than GOLD. Or risk another place as loss, I think not.Linked below is a betashares piece that dovetails nicely with Smart's post above:

    https://www.betashares.com.au/insights/four-reasons-to-still-consider-an-investment-in-gold/?utm_source=marketo_email&utm_medium=email&utm_campaign=bs&ut

    An eight minute read (it says), nothing new, but a good read for newbies, and a covise reminder for the rest.

    OV

    GOR Price at posting: $1.67 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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