Gold Price2 Feb 2020 14:30
I'm not just here for Haveiron like many other investors. I believe the gold price is also going to go up very significantly.
Governments all around the world have got debts and pension/healthcare obligations so large, there is no way of paying them through simply taxing people. They HAVE to keep rates at close to 0 and they HAVE to print money. Otherwise the governments will collapse.
It is an unfortunate and absurd situation but many first world currencies are going to rapidly fall in value at one point soon imo. Gold has been money for thousands of years. Cryptocurrences are a complete joke and have no intrinsic value. Stocks and bonds etc are not where you want to be in inflationary times. In the 70’s gold went up around 25x from memory.
If the above does happen and we start seeing gold go to 2,3,4 thousand dollars an ounce without looking back, institutions are going to be fighting over who can give ggp the most money to get their other 5 licences properly explored. The value of Haveiron will be off the clock and the chap below may get his £2 target and some.
Right now I think 10-15p is achievable fairly quick but I do think the above is a real possibility which is why I want shares of companies with a lot of gold in the ground and to hold them long term.
Inflation can happen very quickly when it kicks off and I personally want a lot of my money in companies that own gold licenses. GGP has 6, one of which is proving to be extremely valuable. The value of Haveiron if gold goes to e.g. $2,000+ will be enormous.