Read on Twitter
1/3
Bailouts coming during the first 100 days of the Biden administration are going to be insanely massive. How does it get paid for? The Fed. M2 money supply is at $19 trillion. We should easily see another $4 trillion in 2021. That will likely result in #gold at $2,300+ in 2021 https://twitter.com/zerohedge/status/1338145445885915136
Bailouts coming during the first 100 days of the Biden administration are going to be insanely massive. How does it get paid for? The Fed. M2 money supply is at $19 trillion. We should easily see another $4 trillion in 2021. That will likely result in #gold at $2,300+ in 2021 https://twitter.com/zerohedge/status/1338145445885915136
2/3
M2 money supply and #gold generally follow each other over time. For every trillion, add another $100 per oz. They get away from each other sometimes, but eventually come back to the trend. The Dec 18 govt funding resolution plus $1 trillion in stimulus is just a down payment
M2 money supply and #gold generally follow each other over time. For every trillion, add another $100 per oz. They get away from each other sometimes, but eventually come back to the trend. The Dec 18 govt funding resolution plus $1 trillion in stimulus is just a down payment
3/3
So what happens to #gold miners with $2,300 oz gold in 2021? That is adding another $500 per oz from current $1,800 levels. For most gold miners that means dividend increases, share buybacks, debt reduction.
Stay the course. Gold/Silver miners +100% in 2021. Just my opinion
So what happens to #gold miners with $2,300 oz gold in 2021? That is adding another $500 per oz from current $1,800 levels. For most gold miners that means dividend increases, share buybacks, debt reduction.
Stay the course. Gold/Silver miners +100% in 2021. Just my opinion
