RE: Gold price target3 Sep 2025 13:20
I was not in the markets during that period, but I have read and heard a lot about it.
IMO, the risk to miners is the likely increase in labour costs and taxation, as this stagflation, or at the very least, extremely challenging macro stuff, continues to play out.
Strikes, increased risk of asset theft. Even potentially from bankrupt nation states, rather than 'just' organised crime taking a taste.
Look to Mali as the most recent example. Or something similar to what happened with POLY. Which is perhaps virtually the same thing, as far as risk or cost for small shareholders goes.
Which is why I was happy to take slices along the way here, because it can happen anywhere.
Anyway, whatever happens, I am not going to join those who might chase the miners, a la Dot Com era, or many other frenzies. But to each their own.