RE: Director Buys16 Mar 2024 21:51
Dr you re miles out with gold forecast. some are forecasting 3,000 this year others saying over next 5 to 10 years 10,000 and a few 25,000 and 50,000 but 5,000 to 7,000 could be a bit closer to the mark. Think about it when QE 3 or 4 or 5 starts each one bigger than last. The debt in America has grown from 10trillion to 32 trillion in a mater of 14 years and deficits of 1 to 3 a year is more likely. The income is less so debt is constantly growing each year. Thats for sure.
Gold in 1920s was 20 dollars then went to 35 dollars.
This is 3rd great bull run and last one ran from 2001 to 2011 gold went up 6 times. in 1970s gold went up on 22 times in 1970s. So at the end of the debt govt printing money into infinity whereas gold is gold.
I herd someone say crypto will be over 1million good luck to those that bought. been out for a meal tonight it was 50% of the price of my first house. Thats inflation. Our problem is how many times the company dilutes and at what price. We have mega expenses in this year and future years. traders will come buy in sell out. Ask Seingred.
If we get a partner they will want a big piece of the pie if not most of it. iys not as though we are awash with cash.