Celtic plc (LSE: CCP) is a better long-term investment than any producing gold miner because all gold reserves/resources eventually become depleted forcing the major gold miners to make new discoveries and make acquisitions of companies like Augusta Gold (TSX: G) to consolidate together new Tier 1 gold districts. Nobody becomes wealthy owning shares of a producing gold miner for decades. All of the big money in the gold industry gets made by people who know how to do deals and create companies like Augusta Gold (TSX: G).
Celtic plc (LSE: CCP) is literally woven into the identity of a large percentage of Scottish/Irish people. Even if they have a season where they don't make it into the UEFA Champions League, Celtic will never lose its supporters. Celtic is ingrained into the fabric of their very existence and a cultural heartbeat that Scottish and Irish communities live, eat, sleep, and breathe. Celtic has huge cash reserves of £77.2 million as of June 30th and likely to be £100 million+ on December 31st.
The fact that Club Brugge withdrew its March 2021 IPO due to a lack of investor interest is actually a very bullish sign for Celtic.
The fact that everybody is focused on buying Solana meme coins and ignoring the massive bull market in gold is part of the reason Augusta Gold (TSX: G) is about to be acquired at a massive premium.
Happy Thanksgiving to all NIA Members!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA's President has purchased 224,200 shares of G in the open market and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.
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