Patriot Gold provided the following update today to shareholders. Patriot owns a 3% net smelter royalty in the Moss Mine, an open pit heap-leach, gold-silver operation located in northern Arizona. Patriot acquired a 100% interest in the Moss Mine in 2004, and subsequently carried out extensive exploration, drilling and metallurgical work. Between 2004 and 2010 Patriot dramatically increased the known resource and [...]
Patriot Gold announced its new gold project at Rainbow Mountain near Fallon. The Rainbow Mountain gold project is located approximately 23 km southeast of Fallon. The property consists of 81 lode claims totaling approximately 1,620 acres of land surface. The claim area roughly encompasses nearly the full extent of Rainbow Mountain, and specifically a prominent zone of northeast-striking faults which transect the central [...]
Bank Failures, De-Dollarization, Persistent Inflation, Interest Rates & Debt Ceiling Limit Increases … what else could go wrong? According to Nouriel Roubini "Gold May Be Your Best Protection As The Mother Of All Debt Bombs & Nine Other Megathreats Are Looming." Roubini goes on to forecast a Gold Price of $3,000 an ounce in 5 years. Bloomberg Intelligence said the "missing driver to take Gold to $2,000 is here, and [...]
Patriot Gold provided the following update today to shareholders. Patriot Gold owns a 3% royalty on the Moss Mine, now in commercial production and owned by Golden Vertex Corp, a subsidiary of Elevation Gold Mining. The Moss Mine is an open pit, heap-leach, gold-silver operation. Elevation recently reported Moss Mine production of 6,809 ounces of gold and 28,115 oz of silver during Q2 2022, as well as the completion of an [...]
"Wake me up when September ends" - Green Day September is fast approaching, and warnings of an aggressive rate hike are echoing the already worried, battered and beaten halls of Wall Street. According to BARRON's and Wall Street the "S & P has averaged a 1% loss in September - dating back to 1928 - it's worth month of the year." "The same is true for the Dow Jones dating back to 1896, those are the worst monthly [...]
Economic Hurricane Approaching Jamie Dimon warned investors to prepare for an economic "hurricane" as the economy struggles against an unprecedented combination of challenges, including tightening monetary policy and Russia's invasion of Ukraine. Patriot Gold Group Processes Record IRA Rollovers Due to Fed's Response To Inflation & Stock Market Crash in 2022 "That hurricane is right out there down the road coming our [...]
Crash is King "When speculative excesses collapse under their own extremes, the "crash" crushes all other narratives and becomes the dominant dynamic. Everything that the mainstream uses to predict "value" is tossed out the window. According to conventional explanations, the central banks control the markets and so crashes are brief and shallow because the banks will quickly change course and flood the financial markets [...]
"Bigger Than Covid," Worst Inflation In U.S. History The official Consumer Price Index #'s in November 2021 rose 6.8% the fastest increase in four decades, since 1982. Tucker Carlson recently interviewed Peter Schiff and as Peter pointed out "The government changed the CPI calculation in the 1990s in order to understate the actual cost of living. If we were using the same CPI we used in 1982, the rate would be closer to [...]
When It Comes To Inflation, We're Just Getting Started As '70's era Inflation is wreaking havoc across our economy and American's find themselves paying more for gas, groceries and everyday goods and services, the Biden Administration has just passed an additional $1.2T Infrastructure Bill and the Democrat Senate another $3.5T Anti-Poverty, Education & Climate" Bill without a single vote from the GOP. According to Jack [...]
Patriot Gold Corp. today announced results from its recent drilling program at the Windy Peak Gold Project in Churchill County, Nevada. The drilling program was designed to follow up 2019 drilling results in the Windy Flats North area and to target historic drill intercepts in the Windy Peak Base and Windy Flats South target areas. Drilling commenced in January 2021 and consisted of twelve drillholes totaling 5,005 feet [...]
The Only Thing Bigger than the story IS the Inflation itself in 2021 Patriot Gold Group forewarned clients about the excessive monetary policy enacted by The Federal Reserve in response to the Covid shutdown and the resulting inflation is reminiscent of the 1970's when double digit inflation wreaked havoc on America's economy. Larry Summers sounded the alarm last week when he voiced "I'm concerned that what is being done [...]
Bigger government, more government intervention, and low interest rates are all likely to persist during a Joe Biden Administration, creating tailwinds for gold. As our country celebrates Inauguration Day, quite possibly the Super Bowl of our Democracy, we find ourselves in a country which stands divided, questioning the outcome and legitimacy of the election. President-Elect or President Biden depending on the time you [...]