I want to close the chapter on this once and for all!
If you look at how WealthResearchGroup.com has called this whole situation, it’s hard to believe!
The way they saw it and they’ve looked at over 300 years of economic data, there are zero examples, literally NO INSTANCES, where the FED’s or another central bank, were able to drop inflation down to 2% from 8% in less than 7 years!
That’s why I read their EXCLUSIVE REPORT on this subject, as soon as it came out and I’m glad I did!
According to them, the markets are totally held captive by the notion that the FED will continue to make a policy error and hike interest rates, which, as you can see, apart from making it IMPOSSIBLE to buy a home and EXTREMELY DIFFICULT to run a business, it hasn’t done A THING to lower inflation or to balance out the jobs market.
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While the Federal Reserve has implemented one of the most aggressive rate hike cycles in its 109-year history, nothing has been working, except a MARKET CRASH!
Headline CPI rose 0.4% MoM (which was far higher than the +0.2% forecast) and up 8.2% YoY (hotter than the +8.1%, which was the narrative):
Courtesy: Zerohedge.com, Bloomberg
Powell cannot get inflation at bay and, if you think about it, he has made the lives of retirees miserable and of young Millennials and hasn’t made an inch of progress with his main mission!
Wealth Research group is working on a report that will encapsulates the TOP 10 COMPANIES to own, as the entire market goes on sale, so make sure you’re on the VIP list to receive by the end of October, by subscribing HERE!
Therefore, the markets expect more rate hikes than ever before! There are even talks about raising the FED Funds Rate by 100bps in November, but it’s clear that without support from the government, which must understand that its lack of initiative is also a big reason for this, we are heading into years of inflation, as I’ve said repeatedly.
Courtesy: Zerohedge.com, Bloomberg
I like to think of the bigger picture in gold mining as a complex puzzle – and not too many resource companies actually have all of the pieces in place, or even most of them. When a miner does have everything in the right order, however, the upside potential can be astounding.
For instance, the company’s mineral asset base has to be verified with gold equivalent ounces in the millions – over 20 million ounces is ideal. At the same time, these resources should be located in prime geographies that aren’t politically unstable.
Next, I have to vet the company’s balance sheet. You might be shocked to see how some resource businesses spend far beyond their means. If a mining company’s balance sheet isn’t in the tens of millions of dollars, it’s a hard pass as far as I’m concerned. After all, I can’t recommend any business that might be in danger as a “going concern,” as they say.
I’m convinced that now is the time to examine GoldMining Inc. (NYSE: GLDG):
It has a unique combination of a very sizable resource base with a strong balance sheet to go with it, coupled with an experienced management and operating team to advance those projects.
Combined, the company owns a resource equivalent of 32 million ounces of gold, currently price for less than $4/ounce!!
Also ensuring that GoldMining Inc. stands apart from its peers is the company’s gold-focused portfolio of assets, which resides entirely within the Americas. It’s comprised of over 16 million measured and indicated gold equivalent ounces and a further 16 million gold equivalent ounces in the inferred category. These gold resources are all located across five countries within the Americas in safe operating jurisdictions.
On top of GoldMining Inc.’s portfolio of exploration and development projects, the company has a balance sheet of almost $82 million. A large portion of that consists of equity in a royalty company. Today, GoldMining Inc. is Gold Royalty Corp.’s largest shareholder, owning over 20 million GROY shares or around 15% of the company.
Building upon the tremendous success of Gold Royalty Corp., GoldMining Inc. actually has another IPO in the works. For this one, GoldMining Inc. will launch one of its more significant assets in Alaska, the Whistler Gold-Copper Project, with a new wholly-owned subsidiary called U.S. GoldMining Inc., so be on the lookout for this multi-mineral opportunity.
Check out the company’s presentation HERE!
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