Monetary v Fiscal18 Jun 2020 10:47
Governments all over the world have turned to the monetary, magic money tree, and now we have our government asking for shovel ready projects to spend the money on, you couldn’t make it up. When in a hole someone needs to tell Boris, Trumpet et al that you stop digging. The next thing on the agenda is negative interest rates, that’s when gold becomes the place to be. There has always been demand for gold even when it costs money to hold it, imagine what’s going to happen when it costs you to hold money. Conventional wisdom is that gold will initially track safe haven currencies, these are not conventional times, when, not if, the stampede starts, you can forget $2000 or even$3000 the folks at Robin Hood etc are going to make golds rise stratisferic. Anyway hope Solg can amplify this massive rise. The only way I can see Solg not achieving massive gains is if BHP or Newcrest or both take us out for A 45 p pittance. Keep the faith, no doubt it will be tested, it’s what they do.