Member Info for Bancal

Thanks Speedy I always find your gold/silver comments very helpful.

https://moneyweek.com/investments/commodities/gold/603131/how-much-gold-china-owns-yuan-reserve-currency?amp

Yes you can hold PSLV in a HL SIPP - I hold the Sprott Silver, Gold and Silver+Gold funds in my HL SIPP. Also note that the Jupiter Gold and Silver fund holds all 3 which represents about 17% of the fund.

Malva, Specific Gravity = Density of Material/Density of Water at 4 deg C and since both have the same units specific gravity is therefore dimensionless.

This has the answers you need. It's the BGS Copper Profile.
https://core.ac.uk/download/pdf/59864.pdf

There isn't much difference in the grand scheme of things between GDX and GDXJ - they follow each other quite closely. The ratio of GDXJ/GDX has sat at around 1.4 since about 2016. Plot GDXJ/GDX in trading view to see what I mean.

This is an interesting read. It is a 2020 report by By Paul Mylchreest of Hardman & Co and is an open letter to the LBMA . This is from the introduction.

"Gold should function as a signalling device, acting as a warning sign and stabilising influence for a global financial system that has overstretched itself. This one has, with the need for unconventional monetary policy passing the point of no return.
The gold price is being held back ? potentially increasing moral hazard across the entire global financial system ? which is where reforms by the London Bullion Market Association (LBMA) can play a role.

As we show you in the report attached to this letter, the structure in London’s OTC gold market – the hub of the global market ? is frustrating the ability of the gold price to function as it should. We demonstrate how this has been the case for many years. Longstanding structural issues in regulation, transparency and, most importantly, trading practice, are acting against the interests of key stakeholders, e.g. gold mining companies, investors and, directly or indirectly, all participants in financial markets. We believe that gold should, and could, play an enhanced role in the global financial system, if a small number of issues were addressed. In the report, we show how the link has been broken between market fundamentals for gold bullion and the gold price for long periods."

The playing field isn't level......

https://www.hardmanandco.com/research/corporate-research/open-letter/

Very. He says "It's not often someone comes out with their maiden resource estimate of 5 Moz." We are very close to that "not often" event.

I make it 21%

That was well worth reading. Highly recommended. Thanks for that.

I don't see a long decline in the SP. We had a rapid rise on the Scallywag mania and now it's back to bobbling about at the level prior to the Scally hype.

That was for the coins which would be too expensive. I don't think there is such a limit for the 1 oz bars.

I've purchased very small amounts of silver coin from Atkinsons and had very good service with no problems at all. Covid seems to have put a stop to "Signed For" deliveries.......

https://www.gold-eagle.com/article/gold-price-exclusive-update-123

Their summary of the article

Long-term – on major BUY signal.

Short-term – on sell signals.

Gold Sector cycle is down.

The correction continues but may be ending soon.

LittleCrumbs it definitely looks like number of weeks on the X-axis.

https://twitter.com/MiningCatalyst/status/1367846111898083329/photo/1

Yep. Patience will be rewarded.

ProfQuatermass, the latest Hannam note has Au production of 187,000 oz Au from late 2023 (let's say start 2024) until 2028 (let's say end 2028) and then 670,000 oz Au from 2030 to 2042 and then 543,000 Oz Au until end of mine life in 2053. If we assume that the ramp up from 187,000 to 670,000 oz is linear then summing that up implies Hannam are assuming a total deposit size of around 16 Mozs.

This video was posted by someone else on the GGP board in the last few days and is well worth watching and explains why the FED can't put up interest rates. We are in for a long period of inflation and low interest rates it would appear.

https://www.youtube.com/watch?v=O8JFFK71PCc

TradingView is also very good and has a free plan.
https://uk.tradingview.com/

Andrew Maguire believes that central banks will be able to pay off massive swathes of debt by revaluing gold. According to the precious metals expert, gold would not only act as a cash asset, but would also behove central banks to revalue the dollar price of gold.

What does this mean for the gold?
Andrew Maguire believes Basel III rules will lead to a sanctioned gold reevaluation, while ultimately driving a more physical market. In this week’s episode of Live from the Vault Andrew Maguire looks at how Basel III rules will affect the price of gold and reveals the level at which he estimates the precious metal will be revalued.