This is a very interesting interview with Doug Casey of Casey Research on Why Gold Could Go Hyperbolic -
https://www.zerohedge.com/news/2018-02-18/doug-casey-why-gold-could-go-hyperbolic
I reckon it's essential reading for anyone invested in gold spec stocks.
A couple of notable quotes from the article....
"Keeping dollars in banks is very dangerous....The problem is systemic risk, and it’s worldwide. It’s like Joe Louis said: you can run but you can’t hide. The only place you can hide today is gold and silver. That, and cheap real estate, if you can find it. "
"How much higher could gold head?
Well, these things usually move in a hyperbolic curve. They start out slowly. Then, they accelerate. Same type of thing we saw with cryptocurrencies.
I think gold will do the same, although not to the same extent. My prediction by the end of this year is that gold will hit $2,000. In 2019, $3,000. In 2020, $4,000. By the time this bull market peaks, gold could reach $10,000. But I hate to say things like that…because it sounds so outrageous."
I'm thinking that NAG has got its timing just about perfect in the current Victorian gold surge, and those of us who have been accumulating this stock for the past few years have plenty of reasons to thank NAG management for their foresight and efforts in getting the company to where it is now.... at the start of the hyperbolic curve that Casey mentions.
