Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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.
This is the Basel III 2021 ruling Speedy is referring to.
https://kinesis.money/blog/basel-iii-rules/
If you look at the Kinross Gold (which is mentioned in the article) share price it has a lot of similarities with GGP. It isn't just GGP. I bought Freeport McMoran shares back in 2017 at the top, watched them drop and drop until I was down 25% but believed in the copper story so bought a load more and now sitting on a +100% profit. Nerves, belief, research and a big dollop of luck are essential in this game.
And alongside copper we have silver.
https://www.visualcapitalist.com/silver-series-new-energy-in-solar-and-ev/
Just watched an interview with Steve Letwin, retired CEO of IAMGold, on Youtube and his answer to the question what would he look for when investing in a gold miner was:
1) Jurisdiction
2) Local community on side
3) Infrastructure such as roads, power and labour availability.
5) Well educated investors
6) At least 1 million ozs, preferably 2 million ozs.
7) Maximum AISC of $1100-1200
GGP seems to tick most if not all of the boxes.
Thanks Speedy. I like the way he explains complex subjects with simple diagrams and examples. He does on silver that's worth a listen to.
https://www.youtube.com/watch?v=16ptXDdUDHY&ab_channel=GeorgeGammon
George Gammon talks about the dangers of ETS in a very simple and understandable way and I think it has relevance for gold and silver etfs. Not directly related to GGP so apologies for that but I find his simple presentations useful for understanding complex financial products and I thought others might find it useful and a distraction from watching the GGP share price minute by minute (as I do a lot!)
https://www.youtube.com/watch?v=TTzXLIT__6U&t=0s
No mention of GGP but a very informative article on investing in junior miners. Well worth a read.
https://articles.cruxinvestor.com/beginners-guide-junior-mining-stocks
Hopeforsuccess, since most of my money is in a HL SIPP and you can't hold physical gold or silver in their SIPP I have money in the Wisdom Tree physical silver and gold (PHSP and PHGP) but I am in the process of switching it slowly to the Sprott physical silver and gold funds. It is difficult to be 100% sure but Sprott have assured me their physical gold and silver is allocated and unencumbered. I can't find out if the Wisdom Tree silver and gold is unencumbered. I also have a bullion vault account. Honestly, what a minefield it is these days trying to protect your cash.
Speedy is the expert in this area.