RE: gold now15 Dec 2020 10:59
Morning t123......very much agree with your first paragraph re the economics. Given that a large percentage of small businesses are just about hanging in there, plus the fact that it only would take 2-3% of debt in some banks to default to cause big problems, then either governments would again need to bail-out.......or something else happens. Started a big move to cash, property and precious metals myself in the late summer. Banking system has never been here before and it's very worrying.
Condor I feel will time things right in the next year with a move towards production. I will keep some cash back in case the price drops to silly levels. In a crash of the market there really are no gainers, it's that some just don't fall by as much.