We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Liberty Star Uranium and Metals Corp.
LBSR 0.00110-8.3%Jul 31 4:00 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Valuepro who wrote (1690)11/25/2019 9:35:05 AM
From: Valuepro   of 1749

European Central Banks are buying gold hand-over-fist, Serbia being the latest example. Meanwhile, Deutsche Bank is said to be facing perhaps insurmountable problems. If so, that certainly explains the rush to gold by European Common Market banks.

What should happen if Deutsche Bank should fail, or teeter on failure? The world will suffer financial pneumonia, and the price of gold will become meteoric. The consequences of that would most likely mean the end of the line for many mineral exploration companies not sitting on significant discoveries.

Why? No one wants to gamble on mining plays going into recession/depression.

Here is a reason for losing patience with LBSR.

Click on the "5Y" chart.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext