RE: Start at 17th minute⦠Newmont and the gold price16 Aug 2023 19:37
Hi All. I do like Gareths enthusiasm but there are too many moving parts in the gold space to rely on charts. Charts are a tool (one of many) to use to predict the movement in the POG. Economics and geopolitical factors are ,for me, the main gauge. Using research into past economic eras shows us that every, yes every, fiat currency in history has collapsed and gold has shone. Looking at world debt levels tells us that the debt is unrepayable and higher interest rates make that repayment even less likely and a default by nations is coming. Inflation is being used by central banks to try and keep the game going and the cost is being born by the citizens. When researching into the geopolitical situation the story is very bad with the threat levels for major confrontations increasing. There are no better ways to protect your wealth than owning physical gold, i say that assuming the holder also has a roof over their head because like gold land cannot be made out of thin air. Having a home, family a few close friends and a stash of physical gold will see you in good stead. ATB Speedy