yeah but that $7 was when spot price was coming from $1200 to $1400 & gold sentiment was over to the moon. why would FMG be trading at 4x & gold at 8 to 10x? IO has an industrial use, gold has no use other than war fear & ornaments. At $1750, NST was below $8 and in the normal world when USD is stronger spot price may cone down to $1600...how would NST trade at $10?
In today’s world gold comes 2nd when it comes to fear, crypto is first priority hedge.
