Macroeconomics29 Jun 2020 23:58
This is a term overused in many instances but very relevant in the market that GGP operates in, basically because of COvid 19 all world economies are going down the pan , at such times gold is king as countries print money making it worthless inflation reflarion, deflation will be ride, only gold reserves will underpin world debt Since late 2011 gold prices have fallen nobody has been mining gold let alone exploring it at @450usd. As a result of under investment globally both major and minor miners have mothballed their capital expenditures. As a result, today and for at least the next few years at least, until countries economy's stabilise, there will be a
consequent shortage of the yellow metal , gold exploration and mining is NOW a growth market, some companies are now growing faster and stronger than others GGP is one of the rising stars and will remain so until the others just embarking on drilling programmes catch up. In 24 months this will be a £1.8B company, no doubt whatsoever in my opinion,with many millionaire investors residing on this board. Good luck to all who sail in her.