Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Candid, hopefully yes, looking at the past gold should now rise as real interest rates look very likely to fall further. However historically as said the opportunity cost of holding gold is versus bonds, whose real rates are going even further down, good for gold. Butnow gold is also competing with qe elevated shares and cryptos, so when that tulip mania bursts and the dust settles gold will hopefully be off to the races. However this summer I visited the stunning Houghton Hall that Robert Walpole built on his south sea bubble profits, these things can go further than you think possible,…..
Wow.....thanks Tibbs for your kind remarks . They are both appreciated and reciprocated.
Yes it has been a steep learning curve , but one I am enjoying immensely . I am retired now so I have time to contribute in areas where my strengths lie .
I have also found it extremely useful to gather the knowledge , thoughts , hopes and fears of all members of the forum , too many to mention , but please be assured that any contributions I do make, are done so with the spirit of good intention.
Yes I agree, together we make an effective group , and if I may say so , you are the glue that holds it all together
Best Regards
Candid
Hi Candid,
i appreciate that buying into Centamin has resulted in a bit of a steep learning curve understanding and coming to terms with all the issues that lie under the surface as it were!
So I felt it only right on behalf of all the forum members to to express our appreciation for all the investigative/analysis work on past company reports,etc you have undertaken and then shared your findings with us.
It must be said that your efforts have certainly proven to be eye opening in some very important respects and no doubt of great help to Cowichan in his ongoing quest for the truth on behalf of all share holders.
Tibbs
Sayed Gomaa - Head of Geological & Technical Review Section at Shalateen Mineral Resources Company.
2h • 2 hours ago
AkhGold is now hiring graduate geologists for its Egyptian exploration team. Qualified persons should send their CVs to:
careers@akhgold.com
https://www.linkedin.com/posts/sayed-gomaa-33b291205_akhgold-is-now-hiring-graduate-geologists-activity-6863863821245779968-sNnL
-------------------------------->>>
Never have I ever seen Egypt's state owned Shalateen advertise jobs for Centamin or Aton - but now they are advertising for a Sawiris company?!
What does this mean? Does Shalateen have some arrangement with Sawiris that obligates them to do this man's bidding? Are those concessions above and below Sukari in danger of winding up with Akh/Altus or even Endeavour? Strange things happening...
I’ve heard of it Mr T but don’t really know anything about the detail- I recall it on this board a while ago. Thanks- will take a look at some point.
Hi Steve,
Its possible to pay bills with Kinesis and earn interest on your spending,the Kinesis system can also be used to send gold across the globe in seconds with minimal transaction costs.
However because the card has a bank account attached to it, it offers cardholders the functionality of a debit card, including payments, deposits and transfers as well as cash withdrawals. People can also be paid salaries directly into their Kinesis account and, using the Kinesis Money system, users can store their assets in gold and convert it to cash in seconds when needed. It can receive top ups of up to $20,000 as opposed to the $500 for the virtual card. This can all be managed in the newly redesigned interface of the Kinesis online and mobile platforms.
The new banking functionality of the system can also facilitate financial inclusion. People can often lose their bank accounts because of poor credit, so this provides an option for everyday financial purposes, such as paying bills, shopping and receiving funds.
https://kinesis.money/
https://renaissancemen.org/2021/07/04/kinesis-money-honest-review-incredible-company-promise-with-some-growing-pains-being-worked-on/
So it seems seems an individual or company could be earning around 7% interest on some of their spare cash if held in gold bullion in the Kinesis audited Swiss vaults with instant access to their funds, they could also be earning around 0.5% on all spend via the Kinesis Visa blockchain system.
Yep Canetoad, I mentioned this a while ago :-). I still think gold has legs though, it's not, for sure, an either or. It does feel like it's trying to break out, which is why I keep my CEY and POLY for now.
Fingers crossed for all here, PMs are still generally way undervalued... for now...
hedgehogg,
I think Bitcoin is more worthy of the $1Trillion+ market cap than Tesla !
Bitcoin market cap $1.273Trillion
Gold Silver and Plat market cap $13.237 Trillion
Gold market cap $11.598Trillion
Silver market cap $1.381Trillion
Platinum market cap $0.258Trillion
Could you make payments with the dot com boom? Many dot com boom companies are worth an absolute fortune now
I have my own comparison of Bitcoin to the Dot.com boom :-) Im not saying its worthless, but I think its well beyond its true value. Time, and a real market correction, will tell.
Thankyou tibbles, Bond y Rebess
We have a problem (re: comparison of bitcoin to gold)
Hargreaves Lansdown: "The recent surge in the crypto asset partly seems to have been caused by investors piling in, seeing it as a hedge against inflation."
JP Morgan: "We believe the perception of bitcoin as a better inflation hedge than gold is the main reason for the current upswing."
https://uk.finance.yahoo.com/news/why-price-bitcoin-pushing-highs-153045833.html
Cowichan . I think the board are appearing to be a safe pair of hands to get through the current turmoil, and that is to their credit . I suppose the issue I have with them is what I perceive to be a lack of ambitious intent going forward .
With regard to your comments on BW, am I right in thinking that CEY still have time to act ?
Yes I agree ..what makes it even more undervalued is the $300 million in the bank ..so if the market price is paid , there will be a nice $300 million tucked away in the bank , to start you off with , once you have bought.
Paul M. Yes what you are saying does make sense due to the phenomenon of ' pound cost averaging '
CaneToad...thanks ..linking the gold price to FUTURE expectations of inflation makes sense ..
Sotolo...thanks also...you have taken this one stage further and linked the future price of gold to 'real ' interest rates, and produced strong empiracle evidence ( minus 0.8 correlation ) in support of that
This would suggest gold rising further in the weeks / months ahead , based on future inflation and interest rates forecasts ...have I got that right ?
Well the next big thig in precious metals has been a nounced by the CEO of the ocmpany which owns it. Funny about that, but thats the mining business. Casinos have rules about the game, but the market's regulators can be missing in action....
"A veteran analyst says Chalice Mining has made the best discovery of platinum group elements ever seen, after the first official estimate of the six metals in Western Australia’s Gonneville deposit earned the pre-revenue explorer a $3 billion market capitalisation." and how much money does the mug investor make? A: A little less.
PNG is at the old game, of changing the rules during the investment cycle, and head towards a tad more nationalisation, but who wold blame them?
The New Generations Gold Conferece in Perth celibrates some new exciting marginal discoveries that hardly justifies the $billions of money invested in exploration.
Suplly remains <<<< demand
good luck punters
the gnome
Haha- of course no one knows that one :-).
I'm not increasing my position, as my most highest risk asset, seconded by gold stocks (less risk). I only back the main cryptos, I certainly see 100k in the near future. I am also prepared for it to drop of a cliff, as got in early- although this is less likely day by day. I recall arguments with people when it was 3k, "couldn't possibly double from here, way to high now" etc etc... I've posted the reasons before why I continue to hold cryptos, and this remain, and get stronger as the days pass. The big drop in XRP for example, the biggest crash on my portfolio, soon bounced, despite the dire news. If you believe in the tech, understand it (it's not that hard), then take your choice. I heard an investment chap only yesterday stating that also crypto mining is using up a lot of energy, they were already in the throes of tapping into overflows of sustainable energy produced in Africa. Like all electrical devices, computers don't need fossil fuels.
SteveJones999,
Whee do you see Bitcoin going from here $100k , $200k ?
I love it when Keene and Ferro talk about the footie on Bloomberg lol
Interesting Canetoad and by crypto continues to fly (queue nay sayers... tulip, crash, ponzi, never going to gain traction...). Over 3 trillion market cap and climbing...
Remain hopeful for gold and CEY, couple of regular data points due this week from US (google and they're there and the timings).
Regarding Inflation / Gold.
Bloomberg is saying that the recent rise in Bitcoin is due to the 'search for investments to hedge risks from inflation'...
https://www.bloomberg.com/news/articles/2021-11-08/bitcoin-climbs-to-record-high-exceeding-october-peak
I'm not feeling incredibly bullish on gold yet. It seems to be having trouble even getting through the $1,830 resistance.
Yes. it is bl--dy annoying. But I try to look at it like this for now. If we make a profit and get a good dividend, then so long as you dont need the money now, its a case of being patient. (How long have we been patient???)
Then, if you you have been reinvesting dividends,and the price does eventually reach the heights we previously attained, we will be better off than if we had never slumped.
I hope that makes some sort of sense?
I occasionally wonder how annoyed some LTHs are with the fall in value on their investments. There was a time, after the west wall fiasco, which left the SP wallowing ~£1.33. It seemed an acceptable blip. Not so now with a prolonged stay in the 90s.
Observing daily values of £000s in paper losses must be frustrating. For myself getting back to >£1 can't come soon enough.