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6 CENTRAL BANKS AND THE PONZI SCHEME THAT WILL BANKRUPT THE WORLD

The destiny of the world is now in the hands of 6 central banks, Fed, ECB, BoE (England), PBOC (China), BoJ (Japan), SNB (Swiss). This in itself bodes extremely badly for the global financial system. This is like putting the villains in charge of the judicial system. For decades these central banks have totally abused their power and taken control of the world monetary system .

The central banks have totally corrupted and destroyed the financial system, by printing money and extending credit that doesn’t exist. Everyone knows that creating money out of thin air makes the money totally worthless. These bankers know, that if you stand next to the printing press and get the money first, it does have some value before it circulates. And this is exactly what they have done. Once the money reaches the people, it devalues rapidly. As Mayer Amschel Rothschild said over 200 years ago: “Permit me to issue and control the money of a nation, and I care not who makes its laws.”

https://goldswitzerland.com/fed-to-print-9-5-trillion-and-buy-all-the-gold-in-the-world/

The government should nationalise the banks if they want to interfere in their affairs. A t least the private investors wouldn't get caught unaware.

"Is this Gutter Capitalism ?"

It certainly seems that way.

JRC1000

In my view Rouble depreciation and much lower energy costs are going to reduce the cost of production. Higher gold price this year should also help with the profits. Remember last year POG had to sell gold at even lower price than the market because it was tied up with hedges at $1200/oz or somthing like that. This year they're free to sell all their gold at the market price which is $1700/oz at the moment.

But always do your own research and don't rely on other's opinion. GL

BambasCrown

"Get your heads out of the sand!"

More people have died as a result of Coronavirus rather than because of it.

https://www.petropavlovsk.net/wp-content/uploads/2020/04/Investor-Presentation-Apr-2020-2.pdf

With the Rouble depreciation and the collapse of oil price, AISC should be down considerably imo.

After a 25% Rand depreciation since the year end , and with the collapse of oil price AISC should be down considerably imo. Results due next week.

" will review our dividend policy at, or ahead of, our year-end results for 2020."

Higher gold prices boost gold miner’s top-line performance, lower oil prices aid margins.

The processing of the gold ore is highly energy intensive. Mining companies are major consumers of energy with around 50% of their production costs closely linked to energy prices.

The processing of the gold ore is highly energy intensive. Mining companies are major consumers of energy with around 50% of their production costs closely linked to energy prices.

Middle East is tearing itself apart.

According to Bloomberg, at least seven oil companies in North America have gone under since the start of the year, all before WTI and other benchmarks turned negative for a day last week. This has motivated creditors to pout their demands for repayment from troubled oil players on hold to avoid ending up with assets worth pretty much nothing amid the oil demand devastation that the coronavirus pandemic wreaked on the world.

https://oilprice.com/Latest-Energy-News/World-News/10-Oil-Forces-US-Drilling-Giant-To-File-For-Ba

France, Italy and Spain prepare to ease coronavirus lockdowns.

https://www.theguardian.com/world/2020/apr/26/france-italy-spain-prepare-to-ease-coronavirus-lockdowns

Government buys 50m immunity tests that 'could let Brits socialise by June'

https://www.thesun.co.uk/news/11481955/coronavirus-immunity-tests-june-pinprick/

"with gold at 1733.. why are we going down?"

I'm puzzled too. Other gold miners have risen much more than POG.

"Gold has seen some strong gains so far this year with prices holding above $1,700 an ounce, but it’s not too late to get into the market, which currently has unlimited potential, said Mike McGlone, senior commodity strategist at Bloomberg Intelligence.

“As far as how high [gold] can go, it's supposed to get to a period where it gets stupid expensive like the stock market did for a little while last few years,” he said. “Stock market's been boosted by this massive amount of liquidity, but the question is how much longer that can last. I think gold has the upper hand.”

McGlone said that gold is just embarking on its bull run and expects the ratio between the yellow metal and equities to hit parity. He added that gold prices could push to $2,800 an ounce, to be in line with a 1:1 ratio with equities markets."

https://www.kitco.com/news/2020-04-23/Gold-is-just-starting-its-bull-run-to-stupidly-higher-prices-Bloomberg-Intelligence.html

https://goldprice.org/live-gold-price.html

1726/oz