Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I fear we are all waiting for a train that will never arrive. - With Gold caught-up in a tug-o-war where it is but a political instrument in the protection-racket linked to the U.S. financial system. -The problem being that in this tug-o-war, the FED is on the other end of the rope and the FED cannot be defeated. - Meanwhile, other trains carrying multiple unencumbered opportunities are flashing by.
I feel much the same Rebess,
it's pretty dam obvious despite the claimed market regulation and the introduction of new banking rules such as Basel 3 the FED and it's have just carried on with their policy of financial non committal innuendo in support of the press releases of fudged figures.
The FED really doesn't care a jot and is all the more ever blatant in the manipulation and price suppression on the Comex which the market is quite happy to go along with as long as it it creates some uncertainty and plenty of reasons to trade!
With the conflict in Gaza, Yemen, the Red sea shipping attacks and a full blown war in Ukraine in the FED knows it can do what it likes !
So what does Andrew Maguire have to say about it Mr T?
We had all the talk about Basel 3 and Kinesis making a difference, but you feel nothing has changed?
While this share price isn't doing much positive at the moment, I feel we are in better shape than we were any time since before the wall and Josef and his mates doing one. We have to hope that it translates into a rising share price and decent dividends.
FED doing a good job-
Where’s the guaranteed deep recessions(some were predicting 1929 levels lol) and massive job losses predicted by soooo many experts this time last year and the year before?
Quite the reverse.
Credit where it’s due.
The FED role is case some are not clear:
https://www.federalreserve.gov/aboutthefed/the-fed-explained.htm
I will broadly agree SteveJones999, whatever it takes ,including confidence in the US $ as Worlds trading currency.
The FED especially Powell still have to worry about a change in government though, as Trump clearly told Powell ,he will be gone if he is elected.
So they have their work cut out until elections making Bidens crowd look good.
Until elections are over and resolved ,its going to be a bumpy year for Gold and PMs.
Hi Paul,
Had Basel 3 not been implemented then quite possibly the POG would have been lower than its present lever, so yes it has helped to some extent in stabilising/supporting the POG, albeit not as much as may have been hoped for.
The establishment tried to suppress the rise of the so called peoples crypto curries and when that failed those that control the markets have simply taken most of it over anyway by creating ETC crypto/trading funds enabling them to take back control and will be making even more profit out of something that doesn't have any intrinsic value.
So why trade in real gold when the alternatives without any intrinsic value are easier to control and offer even bigger profits in the short term
Then the unexpected world events such as a 2 year pandemic lockdown followed by escalating wars/ conflicts in Ukraine, Gaza, Yemen,and other West African States, higher inflation Nigeria & Argentina now around 250% and rising brought about because of a world reserve currency that is sustained by artificially high by FED manipulation and Wall Streets and London's unfettered paper trading on the futures commodities markets with the additional increased transportation costs due to excessively high oil prices and transportation cost's due to conflicts making basic commodity prices higher, even unaffordable to some
Also issues such as this
"It would also allow the Kremlin to consolidate control of Wagner’s business network in Africa, including potentially lucrative mining interests, following the death last year of the group’s founder Yevgeny Prigozhin," the publication writes.
https://www.pravda.com.ua/eng/news/2024/01/30/7439536/
https://www.scmp.com/news/world/africa/article/3250377/russia-hires-its-own-africa-army-succeed-wagners-mercenaries
https://ctc.westpoint.edu/after-prigozhin-the-future-of-the-wagner-model-in-africa/
Try listening to the BBC World Service,it was set up for times like this and there's coverage that you don't hear on the daily mainstream channels, or even see covered in most mainstream media.
https://www.bbc.co.uk/programmes/p016tl04/episodes/player
Keep Well
Tibbs
As you are so knowledgeable on the subject Mr T, would you please educate me (and any others who wish to gain from you extensive understanding of such matters) how precisely you can arrive at an intrinsic value for gold as opposed to the other instruments you seem won’t to deride?
Gold has intrinsic value. Ductility, conductivity, corrosion resistance, or appearance. The properties of gold give it value, we need it in a lot of applications. BTC having no intrinsic value is the same as stocks or paper money: they don't have any.
Comparison of the similarities and differences between gold and bitcoin.
Similarities:
Liquidity: Both have liquid markets where fiat money can be exchanged for them.
Divisibility: Both are divisible into smaller quantities.
Scarcity: Both have limited supply thus they act as a hedge against inflation.
Correlation with other financial markets: Both offer a hedge against equities due to their low correlation with the stock market.
No interest: Bitcoin and gold pays no interest. Instead, they can be valued based on the opportunity cost for cash interest.
Retrieving method: Gold and Bitcoin come into existence through the processes of mining, in contrast to paper currency which can be freely printed.
Differences:
Intrinsic value: Bitcoin has no intrinsic value, its value is dependent on market forces. Gold has historically been used as jewellery or for industrial applications.
Scarcity: Bitcoin’s supply is halved every 4 years (ends at 2140), gold is being mined every year. To date, 18.6 million Bitcoin has been mined out of 21 million total supply.
Security & control: Bitcoin is not controlled by anyone including the government. however there are security issues as the infrastructure to ensure its safety is not yet in place.
Storage: Bitcoin does not need storage and insurance thus enabling investors to save on these costs, unlike gold.
Transport: Bitcoin is portable and near frictionless to send and receive. It can be sent from anywhere to anywhere in just seconds as long as you have your keys.
Market value: Total market value of gold supply > Total market value of Bitcoin supply
Volatility: Bitcoin is more volatile as compared to gold.
Market liquidity: Gold’s daily trading volume is much higher than that of Bitcoin.
Who cares Mr T.
Trade gold if you want to, trade BTC and other crypto if you want to. I don’t compare them but if I did, they do not compete in my world they complement.
You can buy and sell massively high value items in an instant with BTC and other crypto’s, gold is massively slower process, BTC and crypto’s are invisible, gold is not.
BTC has risen in value over 3 times in past year, gold has not. Total crypto value now only about 1/6th of that of gold.
To get gold you scar the earth.
Gold has been and around for 1,000s of years, crypto and BTC is new by comparison.
Lot's of people the world over care Steve, apart from those who are self centred and selfish.
The surge in the crypto market is comparable to the gold rush. Yet, this exciting market has a hidden dark side. Mining cryptocurrencies can have major environmental impacts on climate, water, and land, according to new research by United Nations scientists.
Bitcoin is the most renowned and popular cryptocurrency. This motivated the UN scientists to evaluate the environmental impacts of Bitcoin across the world by looking at the activities of 76 Bitcoin mining nations during the 2020–2021 period. The results are shocking. In addition to a substantial carbon footprint, global Bitcoin mining activities have significant water and land footprints.
https://unu.edu/press-release/un-study-reveals-hidden-environmental-impacts-bitcoin-carbon-not-only-harmful-product
Cryptocurrency mining is an extremely energy-intensive process that threatens the ability of governments across the globe to reduce our dependence on climate-warming fossil fuels.
If we do not take action to limit this growing industry now, we will not meet the goals set forth by the Paris Agreement and the Intergovernmental Panel on Climate Change to limit warning to 2°C.
https://earthjustice.org/feature/cryptocurrency-mining-environmental-impacts
I can understand the frustration and boredom on this Bulletin Board, with no Centamin news, but it is not very GREEN, ,.
The hot air produced, from discussions increases the chances of disastrous increase in the worlds temperature , ;-)
Hehe very true MrBond!
As I’ve said before, crypto mining will evolve to use more and more and eventually virtually zero issues for the the environment compared to other currencies- starts with solar power and so on and the the amount of power to resolve the transactions with is increasing exponentially with lower footprints.
The world needs currencies and electronic ones at that.
Whereas getting gold &&&&’s the earth no question.l, and a lot of it is just used for for personal vanity.
Real gold is essential in the manufacture of the vast majority of the computers, electronics and and smartphones to enable the trading of crypto currencies
Gold is used for making electronics as precious metals conduct electricity well and do not rust/corrode. Electrical resistibility of gold is the lowest of all metals, except for silver and copper. But silver and copper readily tarnish causing contact resistance to increase. For low current, low voltage conditions and low contact force, gold is often the best choice technically and in some applications such as automotive RF connectors and MEMS switch contacts, it is the only choice.
Electrical compounds made with gold are highly reliable, we can find them in cell phones, laptops, computers, screens, GPS units, calculators, and other small and large electronics.
The biggest challenge is to recover gold from the devices. The amount of gold used for the compounds is very low and it is hard to recycle the devices and recover the gold from them. That means there is ever less gold available for easy use in the world.
Gold is used for medical purposes as well being found in many devices which are used in healthcare, gold has been used for medical treatments.
Gold is used because it is chemically inert, non-allergic, easy to mold and work with and its aesthetic appeal when used for fillings, crowns, bridges and orthodontic appliances.
Gold is also used to treat some medical conditions such as cancer, arthritis and other specific uses. such as in aerospace because when sending something into space you want to make sure to make it out of the most quality materials. so gold is used in space shuttles, the metal is used in circuitry as a connector and conductor, gold-layered polyester film is applied in spacecraft helping with temperature stabilization and infrared radiation reflection.
Gold is used in the production of glass, one of them being because of aesthetics and because of usefulness, a small quantity of gold is used in glass as it is annealed to get its beautiful ruby colour and also for making glass for climate-controlled buildings, gold also added to the visor on astronauts’ helmets, as it protects them from infrared radiation.
Emerging new uses for gold are nanotechnology, pollution reduction in air and water, fuel cells and lithium-ion batteries, and in solar cells.
Gold is too expensive to be used lightly and only when there is no possibility of finding another less expensive substitute.
Except for jewellery making, the way we use gold today was mostly developed in the last 20-30 years, although the need for gold and its qualities for making new technologies will most likely continue as there are very few substitutes, although supply is increasingly limited.
You can waffle and waffle waffle on and on and on about crypto -
We’ve had this argument for so long now. It’s boring.
Nothing you say will have any bearing in it whatsoever.
It’s selfish and self centred of you to display your opinions on crypto Mr T.
The use of gold for purposes other than jewellery, bullion & coinage is around 7% of supply - this provides a more definitive indication of the productive use value of gold than long winded rants regarding its usefulness.
I have yet to see any explanation of how you can arrive at an intrinsic value of gold, is it your inability to actually explain your grandiose claims in a definitive manner what has lead you into your obfuscative ramblings?