FFM 9.38% 87.5¢ firefly metals ltd

Rhyme OR Reason?, page-5

  1. 1,508 Posts.
    lightbulb Created with Sketch. 132
    Sorry buddy ,
    U say people will jump to safety of gold ? Well they certainly but primarily as a hedge Physical gold ) is the only safe haven . Secondly if we get very high inflation the market will crash or major correction will entail. so will any shares regardless of whether its a gold stock or not. Good news is as gold price will be high , gold stocks will recover faster , The producers first , than the developers than the explorers. Bad news is most of us probably wont have enough courage to hold stocks should a major correction arise or a crash.

    I just want reiterate than having a gold stock does not equate to any sort of safety as only a gold hedge can provide that .Physical bullion !

    In any case even without hyperinflation or high inflation . Gold is unlikely to ever again go below $1600 us . This is due to as u stated the money printing (QE) and the new rules Basel 3 .

    No doubt High inflation will inevitably arise -Its probably the only all governments can get rid of their debt.

 
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Last
87.5¢
Change
0.075(9.38%)
Mkt cap ! $420.6M
Open High Low Value Volume
83.0¢ 88.5¢ 81.8¢ $2.208M 2.569M

Buyers (Bids)

No. Vol. Price($)
2 12980 87.0¢
 

Sellers (Offers)

Price($) Vol. No.
87.5¢ 49965 2
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Last trade - 16.10pm 19/08/2024 (20 minute delay) ?
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