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Re: SeaBlue post# 17484

Thursday, 11/03/2022 1:26:01 PM

Thursday, November 03, 2022 1:26:01 PM

Post# of 19306
Yes, there's no doubt that higher diesel prices to mine ANYTHING will drive the price higher. That will be highly inflationary until like Gammons said the demand for products made with those commodities falls. IMO the gold price could fall in the beginning of a diesel shortage, but depending on how long the shortage lasts I would see gold rebounding on both fear and the huge amounts of fiat they would have to print in order to save the System. Add to that a gold shortage. Wow. The price would go through the roof. We may be seeing the last time to buy physical PM's too because You know that will fly when folks figure out there may be a supply shortage coming. It won't last long.

Depending on how severe a potential diesel shortage could be might put the world in a Great Depression II scenario. They may have to ration diesel as to the order of importance and the mining industry might be restricted to the quantities they can get. Can you imagine how that would affect the cost of what's being mined?

Also, the rocket fuel for a higher gold price we know comes when they pivot with the rate hikes and may be forced to start dropping rates quickly in an emergency situation. The dollar will fall like a rock and gold will take off in a very big way.
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