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Inflation numbers are rising and accelerating, the Fed has dropped its “Transitory” bull**** and is accepting inflation will run higher, paper gold prices are manipulated to stay level as a rising gold price would cause real panic in the markets, as it would be the signal that the world has lost financial control, which it has, inflation levels we are seeing now should have gold at new highs, the inflation levels worldwide are making us all poorer, the old fashioned bank your wealth and live off the interest no longer works, your wealth would halve in 10 years doing that, real inflation levels in the U.K. are more like 8% if they were based on real inflationary living costs, yet I can’t get much more than 1% for my savings, that’s a major problem, gold has always followed inflation in a long term play, and $1750 dollar gold is in my opinion the new low, with vast upside movements possible when the gold price manipulation becomes impossible as the world sees through the lies.
Let’s not forget that $1750 gold is more than enough to see MTL debt free in the next 10 quarters, $2000 gold in 8 quarters, etc etc.
Debt free will 10 bag the current share price and dividend payments that can run on for decades is the cherry on the cake, keep collecting shares in MTL and save your wealth is my advice to all, the wind is in our sails.
Hello all,
Yes prices are on the up, less for your money, the old Dickensian phrase comes to mind "!9 shillings and 11 pence income - 20 shillings outgoing = Misery ..... 20 shillings income - 19 shillings and 11 pence outgoing = Happiness"
That's all folks
Roy
We currently have a few selling at the moment, can’t see why unless your in serious need of cash, for me, I am expecting one hell of a Q4 update, to include major changes, many we have waited for all year, buying at 1.375p is completely nuts, gold has averaged $1800 again and inflation is rising, debts set to fall back to the $100 million mark, and company best results more or less nailed on, what’s not to like? please let me know, comments welcome
Good post, the Fed have lied and lied and now they can’t change their tune in fear of causing panic, but the fact remains that inflation WILL run riot, and everyone’s wealth is getting eroded, you need a hedge investment to combat the ever increasing asset costs, I think holding both physical gold and shares in gold producing companies fulfils that criteria.
Gold prices are being held down by the lies, but the truth can’t be hidden for ever, gold will fly when the truth hits home, 2022 is going to be MTLs gear change, as 2021 hasn’t yet been appreciated, even though the financial numbers and production have been better than forecasted, MTLs best ever, when it’s in print in January we should see a material shift in demand for MTL shares.
Inflation is here to stay, took another 200k this morning, we have the last few weeks of Q4 to go and we will be in the phase 3 gold, 2022 will be an eye opener for us, I have no doubt.
Gold isn't a the perfect inflation hedge. Many other factors drive its price, which can vary from year to year.
Research by Duke University professor Campbell Harvey and Claude Erb showed that gold works best as an inflation hedge only over the very long-term—a century or more.
Property/REITS, Stocks and some other asset classes are generally better hedges...
If you believe in Bitcoin as Michael Saylor clearly does (see YouTube videos), it may turn out to be the most perfect hedge against fiat currency debasement (inflation).
Independent analysts like Lyn Alden and others, suggest we are not going to experience a runaway inflation.
QE money is finding its way into wealthy hands and is being invested into asset classes that does not heavily impact the consumer price index. The falling velocity of money is also providing support to the idea that we are not heading for runaway inflation.
GLA
It’s transitory my backside, it’s rising and will continue, it’s nearly impossible to stop, because the usual tool in the box of increasing interest rates is not feasible with such bulging debts, so it will continue as wage increase demands try to keep up, those increased wage costs get passed onto the consumer who pays more and more for essentials, and the demands for more wages intensify, a cycle that’s very hard to stop, any one who remembers the early 90s will know, it took Margaret Thatcher to tackle inflation by raising interest rates to 15%, that’s not possible today, a runaway train without brakes, hedge your wealth is the only answer, and gold has always been the historical hedge to inflation, always has and always will be.