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Jerry
Interestingly ( compared to some stuff on here ) the company has confirmed that this week’s presentation will be RNS’d .... seems an
unusual step unless there is something of import contained within??
Red what I really want to know is why you dont alter him?! If you could just alter him a bit, preferably to someone who isnt invested in Solgold and thus someone who doesnt post here....
Apologies...fat thumbs...
"Or instead you could either filter him or move to adorn instead where he is absent...
So why don't I alter him?"
Should say
"Or instead you could either filter him or move to ADVFN instead where he is absent...
So why don't I filter him?"
Don't bother ohwhatanight...he doesn't believe it and therefore he will shout down your arguments while providing no actual or factual information to support it...
What seriously worries me about Quady is that he poses as an authority all the time...
He vehemently attacks others' reasoned statements and arguments without providing his own factual validation...
And because people believe him, what worries me is that people may make investment decisions as a result...
He is not a banker, treasurer, chartered accountant, corporate finance expert; he has never served on a corporate Board of Directors, has never been a CEO, has never worked at a senior executive even in quoted companies...
But he posts statements that come across as facts and virtually never says "In my opinion" or similar.
It is clear from responses that some people believe and/or follow what he says.
When he is called out he either attacks the person rather than the argument, fires back stuff which is often rubbish and when this is shown up, changes the subject, like on Friday when he suddenly change the subject to EVs...
By all means believe him if you want to, or you can read the informed factual posts of others.
Or instead you could either filter him or move to adorn instead where he is absent...
So why don't I alter him?
Because you have to stand up to bullies, call them out and correct them to safeguard the interests of those who don't have the time to do the necessary research or who take as gospel what some apparent 'experts' say...
Remember he is an expert on nothing and not even actuarial work where he admits he was only a traineee
But I find him both sad and amusing becuassde like Trump, he truly believes some of the rubbish he posts...
ohwhatanight may I ask why it would be good for gold.
You would think Basel III will be extremely bullish for Gold. I can only see upside on gold price
Everything in that post was rubbish Quady...
Nobody said $5,000 by now...
Nobody said $10,000 b y the end of the year...
Worst of all, you keep telling lies about Basel 3...You clearly don't understand Capital Adequacy having never managed it, whereas I've managed it in Major Financial Services companies, up to £20 Billion assets...also Wholesale funding up to £2.5 Billion and Treasury assets held for liquidity up to £4.5 billion...
"Gold. Gold is still the go-to-money and on March 29th, Basel III rules go into effect. Gold will now be treated as a Tier 1 asset. The Bank of International Settlement (BIS) will recognize central banks holdings of physical gold as a reserve asset equal to cash."
https://dgstudentfinance.com/qa/is-gold-a-tier-1-asset.html
"Tier 1 capital is the primary funding source of the bank. ..."
https://www.investopedia.com/ask/answers/043015/what-difference-between-tier-1-capital-and-tier-2-capital.asp
Colonel this has been around for decades, look at the evidence not what so called commentators say.
To invest and make money, you have to strike out on an independent course.
Redknight, I don't get you, you have just posted a video stating why Gold and Silver will go up, and by some significant margin, where you and I argued on a dividend for Solgold in the future where your figures were based on the PEA arguing at 1300 dollars an ounce, to try to prove your point.
You cannot have it both ways.
As for Basel 3, banks will just not use gold, that is so obvious, and will continue to loan money on the capital tier ratio's as defined in Basel 3.
I think you just read things that justifies your point of view.
Gold may rise, but not to some of the levels that we discussed on this chatroom last year.
If you remember people were predicting 5,000 dollars an ounce by now, and 10,000 dollars an ounce by the end of this year.
People have been debating the crash of Fiat currency for decades, but it hasn't crashed due to regulation.
Thanks Red
As he said up front trying to corner the supply
Quady and any of you other guys who might be interested in the June 1 Basel 3 consequences for the Gold market might like to watch this video up to or around th 20 minute mark...
The reason why Gold WILL be affected is that the LBMA is unallocated and therefore banks will have to go to 85% to stay in the game....implicit prediction is that some dealers will withdraw, trades will go to the Shanghai ME (which is cash and carry; and the multi year permashort will start to unwind to the benefit of Gold prices.
Fundamental thesis...the Big Boys have been shorting paper gold for years (and silver) to allow them to acquire unprecedented amounts of physical gold at knockdown prices...so while small investors were being told that gold/silver are in a bear market, thereby persuading them to get out, banks and hedge funds were filling their boots, but...
You can't buy silver coins for immediate delivery anywhere...the registered bullion dealer on the video has had his best month ever in 31 years and people are buying especially silver like there is tomorrow...
Anyhow see what you make of it...
https://www.youtube.com/watch?v=JHhScbxIqTU