International Man - Stagnated Gold20 Oct 2022 13:17
A fantastic read,
https://internationalman.com/articles/doug-casey-on-why-gold-has-stagnated-and-what-investors-can-expect-next/
Just confirms why a hold/buy position in AAU is a wise move over the coming 5 to 8 years.
'At the moment, the Russians, the Chinese, the Indians, the Iranians, and the Saudis are all acting like friends, but they don’t trust each other. They certainly don’t trust each other’s currencies, and they absolutely want to be done with the dollar, their adversary’s currency. But they need to trade, and trade is generally done in dollars.'
He ain't half wrong there!
'At some point, currencies themselves should become academic. Currencies, after all, are just a government’s promise to be redeemed in gold—usually a very unreliable promise. Gold itself will again be used as money in day-to-day commerce after this all sorts itself out sometime in the future. Unless, of course, governments institute a worldwide police state. The only certainty is that we’re looking at some very dangerous and unpleasant times over the years to come.'
Or in other words an International Rules based order, you will own nothing and be happy and be part of the Johnny's cash and the smart money nightmare.
I am happy to have got into AAU sub 1p, more and more I am viewing it as a long term hold, could it be considered a family heirloom stock?