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What technology do you think digital remnimbi is based on?

Well gold is certainly used in jewellery and in high spec electronics as a commodity. So it has applications.

As well as anyone round the world knows what it is, without deep diving it as they can see it with their naked eye but if course needs verification to separate from fake.

In terms of its price, yes if only used for industry the value would be lower.

Bitcoin, is a man made technology, by technological advances there can always be better way of doing things.

I think, there was issue with consultancy with those locals and I also think the area fell within the sub basin of the protected area, so there was bit of conflict.

I think Darren probably thought since government gave permits that it should be ok to go ahead. So at Abra he's backed off from drilling and doing local consultation first.

Whilst I think this was unfortunate, this is something regulators themselves need to confront. Because they are handing out permits to miners without communication with the regional governors.

I might be repeating stuff here but that's what it looks like to me

I mean would they would not allow some other currency to be used.

https://finance.yahoo.com/news/china-formalizes-ban-yuan-stablecoins-163613628.html

What I mean for example, look at china with their digital currency, or digital remnimbi.

This is backed by their government or you could say Chinese central banks.

Yes. But my point being, that government backed crypto as currency will become mainstream more than other bootstrapped crypto.

But than lol imagine if USA turned to trump based coin.

The trouble with bitcoin, is that is it backed with a hard asset? Though I guess question is why be backed by hard asset at all.

There is also what like 20 million cryptos out there. Bitcoin itself when you look at it looks like a barcode but heavily marketed as a gold coin via images, to draw its analogy to gold. That is it's popularity is it's selling point more than anything else

Also bitcoin or crypto will be competing against government backed digital currency. Imagine doing maths with divisible bitcoin.

Also fiat currency has it's uses to government, that is inflation and deflationary measures and most of all people forget they want government or some orgs to be in power, because there is just that sense of security that other orga can't provide. That is we all want government in one form or another.

Also BlackRock bitcoin holdings is basically 1% of entire port. If it goes to zero it just doesn't matter to them. They got in because of the liquidity opportunity.

Also

I think drilling results do matter here for tin and grade.

UFO has been around for like 20 years+ and just can't produce any ore. Iron or otherwise, I expect them to dilute even further tbh. They are too busy having BBQ or something. Better hope they get taken over really and their managers go someplace else.

I would think higher sp would come from larger resources find. At the moment it's wat like 10k tin, but TBF even at 1-2% tin. This is still very good grade compared to most tin companies around the world.

I think just requires bit of time, some other companies hardly drill at all, due to permitting issue or general lack of focus or being a lifestyle company.

I think Paul has mentioned before that there has been interest in zinc and approached to him about it.

Unsure who is going to trust the Yuan tbh, especially as the data coming out is even more opaque than western inst.

I mean if you were to buy shares in Chinese companies, it's literally VIEs. The Chinese government goes out of their way to make it difficult for foreigners to own any Chinese assets or at least can appear that way.

Poland has been buying gold recently, last year that is notable one. The G7 countries like the UK seems to prefer to safeguard gold like Venezuelan gold. USA whilst the fort Knox hasn't been audited and announced publicly. They seem to keep all the south American gold that comes to their border illegally.

Unsure about gold going 6 or 8 k, but I guess that is entertaining to speculate lol. But having said gold at 4 k, most producing miners are printing money at over 50% margin and that smells like value play.

Not sure about everything but the macro geopolitics just puts gold in the spotlight.

I mean there are nations out there that doesn't move the needle at all but Russia being kicked out of the swift system, just changed the rules of the game and the heat raised by USA can't be ignored really.

I think the fed guy already agreed with trump on reducing interest rate. Trump wants to see USA like a last Vegas casino, booming and fireworks all the time especially for November election.

He doesn't have the fall guy in biden no more.

There is peace talks between Russia and Ukraine on Wednesday but Russia really would prefer this talk after they have taken over Odessa and further over the river dneprio.

Also trump has some warships targeting Iran but tbh whilst Saudi wants them missiles launching, unsure what sort of deal trump will cook up . This drama with nuclear deal was withdrawn by trump himself and wants to renogiate again for god knows why.

Anyway, comex been raising margin even after Friday crash. Who are these ppl trying to protect exactly, wondering if they will keep increasing margins until supply demand is balanced? That might take another couple of years or more!!

ASIC at 1500 to 1700 USD? I thought it might be lower than 1500. Perhaps adding that extra premium doesn't hurt while valuating things.

I am waiting out to see what time tinto does with that deal first.

There could possibly be a bidding war, or just sells it to market.

Either way want to see that cleared that up, and no interviewer seems interested in addressing it.

Does anyone have a clue about Rio tinto is going to do with the 18% share of this company?

Fairly sober analysis. Much needed correction, which isn't unexpected.

Wonder where those traders will put the money into tbh? Oil stocks? even though oil is apparently mispriced, and 2026 is fairly oversupplied and still see many oil companies are fairly valued rather than under

The pm miners are still in very healthy margins even at this level. At least for anyone with ASIC or even at 3000 USD opex.

Talk about drop today.

The new fed Kevin warsh apparently hawkish on interest rate and but agrees with trump on cutting interest rate!!

In his view AI could raise productivity and not trigger inflation.

Whilst AI could raise productivity perhaps in certain sectors. Coding, health diagnosis and autonomous robots. It has to be noted that there will also be creation of new jobs, like prompt technician and quality control AI.

Perhaps it might rejig the workers, I don't see how this could raise more income to the gov to pay off us interest repayment.

Also, EU seems to have sped up the India trade deal, which is a major good news for Russia, even though EU says they need to exclude Russian crude, whilst russian crude probably will be used for domestic and others exported to EU at a higher price.

It also has to be noted Modi and Putin was hugging each other just a month before. And us actually raised tariff on India because of imported crude from Russia.

Whilst China gets shafted with human rights stuff, India on the other hand is pretty much oligarchy masquerading as a democracy. Perhaps EU could agree on it.

Just my macro view, but geopolitical tension is shifting but unsure of stability.

At this rate, who keeps buying gold? Hear Poland is stockpiling and Germany wants it's gold back.

Some traders think retail is in frenzy but this hockey stick, quite sure retail is only a small portion.

Is there some serious consideration for a reset?

You are back lol. Are you actually shorting this stock?