Member Info for Bancal

https://resourceworld.com/sprott-bullish-on-high-quality-gold-stocks/

From https://www.afr.com/companies/mining/solgold-now-a-tier-one-copper-discovery-20181121-h185c9

"While there is no official regulatory definition of a "tier one" geological deposit, the term has become part of mining industry lexicon since BHP developed a charter that vowed to invest only in "tier one" assets that were large, long-life, low cost and expandable."

More vital reading!! It's difficult to get out of bed these days without dreading what's ahead of you!

https://goldswitzerland.com/gold-vs-bitcoin-death-of-money/

Vital reading for us all

https://goldswitzerland.com/buyer-beware-gold-etfs-like-gld-own-no-gold/

The problem I have with the old Berenberg note is that they assigned 40% of the 22p valuation to SWAG about which they had at the time almost no information on which to base that valuation. And without any knowledge about SWAG they managed to come up with a GGP valuation almost exactly what the share price was at the time. Very suspicious. I haven't seen the new note so no idea how the new valuation stacks up. IMHO their first valuation wasn't worth much.

Calamari you may well be right but I'll stick to what I'm comfortable with. The takeaway from that article was fiat currencies are heading to worthless and protect yourself. I'm going for gold and silver in the main.

Sorry folks for posting twice ,- the first post didn't seem to work and I can't see how to delete it.

A long read but the final paragraph sums it up.

Informed investors see this.

They are not nervously day-trading in and out of gold price fluctuations subject to extreme, near-term volatility and “spoofing” in the paper-gold trade (for which banks like JP Morgan and Scotiabank are paying massive, $100M+ penalties).

Nope.

Informed investors are precisely that—investors, not traders.

They buy gold and hold, not because they watch price swings, but because they understand currency forces.

It’s that simple.

Informed investors hold gold because the dollars and euros in their pockets, banks and markets are getting weaker by the second, regardless of the amounts listed on their ledgers, statements and portfolios.

Or stated even more simply, gold is their fire insurance for a currency that is already burning to the ground.

https://www.gold-eagle.com/article/gold-fire-insurance-currencies-already-burning-ground

An interesting article about inflation, how governments are manipulating the CPI to make it look as though inflation is low and investors should hold gold. A long article but we'll worth reading. The final paragraph sums it up

"Seeing Clearly
Informed investors see this.

They are not nervously day-trading in and out of gold price fluctuations subject to extreme, near-term volatility and “spoofing” in the paper-gold trade (for which banks like JP Morgan and Scotiabank are paying massive, $100M+ penalties).

Nope.

Informed investors are precisely that—investors, not traders.

They buy gold and hold, not because they watch price swings, but because they understand currency forces.

It’s that simple.

Informed investors hold gold because the dollars and euros in their pockets, banks and markets are getting weaker by the second, regardless of the amounts listed on their ledgers, statements and portfolios.

Or stated even more simply, gold is their fire insurance for a currency that is already burning to the ground."

HTTPS://www.gold-eagle.com/article/gold-fire-insurance-currencies-already-burning-ground

(Bloomberg Opinion) -- Investors don’t really have a handle on what gold is or what it represents. Many erroneously believe gold is some sort of inflation hedge, because of our experience in the 1970s. It’s also not a hedge against stock market crashes, as we discovered in March. Gold is a hedge on government authorities making poor economic choices. Inflation is usually the result of those poor decisions, but people confuse cause and effect here. Gold is a hedge on policy makers screwing up, and there has been a lot of screwing up in the last 20 years.

Read more at: https://www.bloombergquint.com/gadfly/gold-is-a-hedge-against-bad-government-decisions
Copyright © BloombergQuint

Indy, I hope I'm wrong and would be delighted for you to remind me - I'm not a deramper and do have a very large holding so would be delighted if I am wrong. We will find out shortly ??

Jura64 I am not a "deramper" - what a stupid word that is which is thrown about as an insult at anyone daring to disagree with the herd. No different from "project fear" used by brexiters. I have a very large holding in GGP, have no facility to short and no wish to see the price drop at all. I do have a lot of experience in investing and have lost quite a bit on AIM stocks and learnt my lesson the hard way to be cautious. As a result GGP is the only AIM stock I own and I watch it like a Hawk. I know that good news is often met with share price drops, no share goes up in a straight line and be prepared for price shocks. So, drop your stupid deramper nonsense and keep a more open mind.

My guess is a drop of 10p or so down to about 22p.

Being offered 32.5076 for 20K sell on HL at the moment.

Try Resource World magazine - you can read back issues for free. Lots on Gold/Silver miners, articles by Rick Rule etc etc. Well worth a read because not solely focused on Gold and Silver.

https://resourceworld.com

A little light reading on the short squeeze in the silver (and gold) market. Looking good for silver and gold imho.

https://www.silver-phoenix500.com/article/jim-cook-interviews-ted-butler

Well if you believe the Berenberg note the sp would drop about 40% because that's how much of the 22p share price at the time they issued the note was assigned to Scallywag. How they came up with that figure is anyone's guess.

But aren't the buys and sells generally matched - i.e. someone buys what the other sells?

Questioning fundamentals is a healthy thing to do and remember that for every buy someone is selling and both can't be right. GGP accounts for an extremely unhealthy portion of my, once reasonably balanced, fund and I'm at the stage of questioning everything!

Another scary article about the collapse of the dollar.

https://www.gold-eagle.com/article/next-gold-rush-here