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Agreed about the jingly stuff droverman. Though the way the world works these days I don't even think they can open the tills without power, I'd defo rather have gold or silver or cash physical for trade in a serious crisis, I just don't think it's as straight forward as the supermarkets start taking bullion over the counter. The truth is in that scenario ain't nobody paying with anything, I for one would just be walking out with what I needed.
As for the 'digital gold apps' I'd have more trust with letting Gary Glitter babysit but thats just me. :-)
Hi CP - why do you think they were flummoxed?
“Shopkeepers don't accept gold or silver.”
Not a shareholder, but always enjoy reading the posts on here!
Look up the “Tally Money” app and see how to use your gold to buy a coffee!
GLAH’s
PC
Was talking about when the sh*t hits the fan, what do you do when there is a power failure, the jingly stuff in the pocket is supreme. DM
"Can you walk into a shop and buy with crypto?" Yes, yes you can. Shopkeepers don't accept gold or silver.
Not being argumentitive just correcting you.
Valuation. Grant Samuel had a go. Out of date now and gold moved on, but maybe a starting point. Hav, I suppose between independent assessor and Mr. Days offer for 5%, something like that at that time. Frankly, I think Grant Samuel were a bit flummoxed by it all, but had a go, graphs and things for future, tying it up with Telfer. Best of luck.
https://www.newcrest.com/sites/default/files/2023-09/Newcrest%20Scheme%20Booklet.pdf
Page 278 on.
Chinese property and stocks have tumbled so there is lots of buying activity from China which is boosting the gold price at the moment .
https://www.fxstreet.com/news/gold-price-forecast-xau-usd-extends-the-rally-above-2-160-investors-await-us-nfp-data-202403080644
Hi SC, not going to 1000 usd oz in any circumstances, experts predict that with a market sell off gold will also sell off but only to 2000 usd oz and then it will go to the moon and silver to Mars. Safe haven is only gold and silver, crypto will go to the garbage as has no value, same as fiat money all are credit. Can you walk into a shop and buy with crypto, any shop keeper given the choice of crypto or silver will snatch the silver, they will not take gold as too expensive by then. Buy a house or land with gold. Taking off 10 going to 1. DM
IMO it’s a game of patience, waiting for investors to start buying again when all the big news events come to pass. Still uncertainty around what’s happening this year and once this is all cleared up a pathway will appear. And hopefully it’s a profitable pathway and new investors want a piece of the action. Buying Telfer and being an instant miner would make a massive difference as it would mean GDX and other funds could be buyers too.
Next hold for gold is 2210 usd oz, expect a pullback and then to 2400 another pullback and then 2800. After that who knows and all very quickly.
Bitcoin is at ATH so who is selling, are they the intelligent ones and moving into gold, i would. The same goes for Invidia as with Bitcoin all that selling is going into PMs as both Bitcoin and Invidia will drop by at least 40% very soon. To the moon DM
Ok, so lets move to the next meeting room from this one re price disconnect to being a fly on the wall in the Fair market value meeting room with 7 people.
FMV in real time as of now with all the known knowns and current gold price.
IMO, it would go like this, 7 people deciding TRUE market value and the 7 members range in scale from ultra pessimistic to ultra positive.
I would see the sp being discussed at a range between 18 and 24p from bottom of scale to top of scale for today, no more no less.
So in essence for some perverse or illicit reason the aim market is eating itself from within. Unless the fundamentals change to the downside drastically or gold price falls back to $1000/oz, I predict this camel's back will break real soon. Too many near term catalysts for the market to continue their illicit subterfusion.
AIMO.
Are you asking for a friend flower? You do realise that market prices move in waves, impulses and trends.
Au when it trends tends to reset. So, yes it will move up, down across days, weeks and months and years. But the trend is and remains UP !!
I know there is no such thing as. stupid questions but that was a bit...
Get a new script... Youre running out of time. Perhaps retire like Aquaaleak
51st minute. Knowledge is power.
https://youtu.be/-GjmSI2m3rs?si=agUaWhFiWgI18kOk
China wants the gold price as low as possible to enable them to keep accumulating. They’ll be rich and powerful when the gold price reverts to its true value.
With China strengthening its ties with Russia forming an east / west divide and with interest rates hopefully coming back down then the POG should continue to rise . China and its population are big buyers of gold . There is a definite concerted campaign to knock the dollar off it's pedestal.
And after the price goes up,what when it goes down again ?
You raise a massive talking point and something that scares the living daylights out of the serfs.
What about at 2300USD or 2500USD. Speedie will have a view, we all will. One thing is for certain, it has some catching up to do and that could serve SH very well indeed. Always here for the long game... It was longer at the start than it is now. Tick tock.
Think he thought it didn't matter whether we were in a jv or not win win
Not long ago gold was around $1800/oz, since that not long ago it's now $360 higher per oz. At our share of 30% = 2.5 million oz, that increases our profit on that gold by just short of $1 billion extra just in a matter of a few weeks and that's clear profit.
Yet the Market values GGP lower now than it did a few weeks ago. At some point this straw of disconnect is going to break this camel's back and some. If gold continues at this rate and we hit $2500/oz this yr, then it's $1.8 billion extra profit for doing nothing extra, now do the math for 100% of Hav, it starts to get very eye watering.
It's a really informative interview with the man who discovered Hav.. It's good to look back at this now that Telfer and Hav. are up for grabs . Callum also talks about the other exciting projects in the pipeline. Sometimes it good to look back when looking forward 👌
https://youtu.be/tyjDRNi0D58?si=JQS5GF4fqhw5Ualh
Nine's 20.53 post is the one I am referring to.
Nine's post reported for "not being factually correct/misleading" as per lse new rules. Insider information? I don't think so!!! Just a sh@t stirrer.
Hi SAS - why doesn’t everyone just greenbin and report Nine and be done with it - far too much air time being given to someone who is never worth it imho!!!
Cheers ChuffChuff,
No doubt about it in my my mind, NineKnob is exactly that.
NineKnob whilst you are reading or will read this (What time is it in Hong Kong now, 07:24 am, got yourself out of your pit yet?
Remember the Golden Rule: If you want to post 'Conspiracy Theories ' you have to be able to back them up with supporting CREDIBLE links to actual evidence, Capiche?