Nice long term outlook PeteI take the same view but $10k GOLD...

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DonaldFrump

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08/04/24

10:15

Post #: 73234622
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Originally posted by pete11: ↑

everyone always tell me be positive pete, well maybe the board sitting on their hands doing nothing while the gold price is at AUD$3500 is actually a smart move, i have inside info that a crash will happen in the US after the US elections, gold will drop too slightly, than the FED will come back with massive QE, maybe even $20 trillion printed/created out of thin air, much bigger than even the covid "stimulus", this will send gold to US$20,000 be 2030-2032, imagine what will happen to BC8 if they start actually producing when gold is say US$4,000 and ramping up production as the price keeps going to US$8,000, $12,000 $15,000, $18,000/oz, BC8 will be in the asx100, the banks will be on their knees begging BC8 (and other gold producers) to bail them out, ha ha ha, yes, as gold miners we will be literally creating REAL money, at the same time as banks are sitting on trillions in bad debt and fake derivatives etc...i can even see BHP or RIO getting into gold as the price soars, wouldnt be surprised if they come with T/O offers at $10 or $15 for BC8 one day in a few yrs, so maybe the board constantly stalling production is a blessing in disguise, i guess the board will spin it as their great management if it actually works out that way

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Nice long term outlook Pete

I take the same view but $10k GOLD (let alone $20k) = end game / very troubling for the US....and its troubling at every major price milestone along the way to $10k.

If anyone likes reading, I highly recommend the book The Mandibles (which i finished recently) based around a middle class US family waiting for an inheritance that all goes to crap when the US defaults on its debt. Many layers to the book including an alt world reserve currency from the East (called the Bancor - BRICS anyone???), default on US bonds, social security collapse and a depression that lasts from the late 2020s till the mid 2040s.

I swear its a playbook for what is coming to the US.....the author did her homework that's for sure.

I wont spoil the ending but lets just say GOLD plays its role.

There's even a mention about Australia in the 2050s/2060s....which was shocking.

Great read...but does take a few chapters to really get going.

DF

Last edited by DonaldFrump: 08/04/24

BC8 Price at posting: 26.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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