InvestorsHub Logo
icon url

Implanting

03/28/24 9:33 AM

#19083 RE: TommyJ7651 #19082

Thanks for that detailed answer. The depth of your answer would lead me to believe that you may live in Ontario or at least in Canada. You seem to have a very good grasp of the political situation there.

I would in large part agree with your reasoning on the political situation. Canada needs Trudeau out of office, in much the same way Biden in this country needs to go. Without getting too political, I think we can agree their policies aren't as capitalist or mining friendly as we need to see. If Trudeau leaves and a more pro-capitalist candidate wins that would be the best outcome for our investment. Your points about enhancing the mining industry to bring MORE business there is spot on, but getting back to our discussion on the government being broke is the area that concerns me.

I think we can agree that it doesn't matter which political regime is in power if the government is insolvent. How long they can remain insolvent is the bigger question to be answered. To this point, the U.S. can print unlimited amounts of fiat dollars to prop up their House of Cards. Canada doesn't have that luxury. It's also my understanding that Canada holds NO gold reserves either, so my real concern is that if the Canadian government had some sort of "insolvency hurdles." to jump in the not-too-distant future, how would they resolve those? Would mine nationalization be an option? I don't know, but I'm old enough to know that anything's possible if the situation gets bad enough or if the Politicians have no other way out.

P.S.: Have you had any discussions on this subject with FMG management?
icon url

Implanting

03/28/24 11:56 AM

#19084 RE: TommyJ7651 #19082

Saw this article citing the Bank of Canada making some recent observations about increased productivity to quell future inflation. The article goes on to state issues like increasing jobs, machinery, equipment, and intellectual property are part of the fix. Sounds to me like they need to build more mines up there.

https://www.reuters.com/markets/bank-canada-sounds-alarm-low-productivity-cites-inflation-risks-2024-03-26/