RE: Gold price around $3000 by end of year7 Apr 2024 11:21
Mr Digit, the good Dr thinks gold will be 3,000 in another 5 years. I think gold in another 5 years will be around 6,000 to 8,000 been saying it all last year if you want to check my posts. new bull in swing but there will be times when gold will pull back to previous support 2,000ish same will silver. Ask Seingred he knows. Still think 2535 is possibility this year and maybe a bit more. Also can see rates reducing.
However we cant compare Buritica and omi as they had lots more drilling done and a resource proved up as omi have not and there is loads of areas to drill, however at 9m it is cheap and there hopefully plenty of room for share price on right news to go up.
Here I go again ramping. time will tell.
Think Brad will have to raise again on good drilling but he needs to raise 6m to 10m so it will last a good length of drilling time and to support other projects.
Last 2 bull runs lasted for 5 to 10 years 1970s to 1980 gold only went up 22 times 35dollars to 850, then 2001 to 2011 200 or 300dollars . only 6 times to 1923. So if a new bull run has started then its realistic to think that gold at 5,000 or 6,000 is only 2 or 3 times from todays prices and if 8,000 to 10,000 4 or 5 times both below thwe last bull runs. However the debts mountains are huge and nobody is controlling govt debt so at some point govts will print debt away.
What you think Bhargav.