Re: Bright Outlook For Gold
posted on
Jun 26, 2017 12:21PM
Indicated Mineral Resource of 23.37 Million Ounces of Gold Equivalent
Clearly i am not getting long on words here. GOLD also is getting harder to find and to mine. That said the annual demand for the Yellow SHINEY metal remains much the sam, the question begs is that with GOLD getting as scarce as HENS teeth,(chickens, even ROOSTERS dont have teeth) should the PPO step up? You bet and rightly so as the HEDGE built into GOLD has a near 6000 years of History and in Politics of Humanity as to Governments. These same elements are what should push GOLD back into the vaults of the BANKING ORGANIZATIONS Globally, the point being to lend stability to VALUATION more than any other reason. Poised againt something like a "bit coin" which is like a VAPOR and a POOR economic substitute at best, even though "bit coin" has been time tested for the last 2 1/2 or 3 years or so. One aspect about GOLD is you can adore its beauty and Jewlers are willing to barter the price to support ther commerce at any price. When the Banks get it right the PRICE OF GOLD will escalate as it is garnered into Vaults of the Global Banking organizations, thus underwriting the future value added to BANK notes. Points, supply side is defaulting, Paper needs to have a VALUATION and cannot survive just being "FIAT PAPER". Point is that thru history Gold has fallin from its height in valuation and the high regard for the GOLD will begin to restore the REAL VALUE of GOLD, when it goes in storage in mega vaults or the action in other words the beginning of the PHASE for GOLD to have MEGA "FORT KNOXes" Being built as an anchor for depositry/safe haven/keeping in storage. IMO,, very POWERFUL moves are unfolding in GOLD,, and,, the one these two things are the tale of the TAPE, 1) BANKs accumulating, 2) increassing scarcity at the DRILLBIT,, 3) Fiat paper will be backed by GOLD and the present PPO will need to be highly upgraded to UNDERWRITE the FIAT paper in circulation,, thats it..