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Spot price Gold at moment is £3575. I have contacts at 6 major UK suppliers. Requested quote for 10 - boxed if poss, dates 2025/6 if poss but mixed if available. Atkinson & Hatton Garden - no stock. Royal Mint, Gold.co.uk, Bullion by Post and Chards can supply with delays up to 2 weeks currently at spot + 6.78%, Chards reckon they can do spot + 4.54% but delivery 4/5 weeks currently. Bullion by Post able to supply mixed dates (not 2025/6) at spot + 4.54% with 2 weeks delivery. If you know of any reputable suppliers with better offers would be interested but Royal Mint best for me currently. I thought I'd ask because a recent poster mentioned he'd purchased some Brits.

Most of a long message 'dusappeared' during posting and no time to redirect but simply add that direct sales mine to buyer account for perhaps 86% of annual production. Comex is primarily a paper/derivative/price discovery centre - not primarily a gold supplier as such.

You may be surprised to heat that most gold from miners bypasses Comex completely - I have heard of 86% or even more. Mines produce dore bars (

As reported just now

Precious metals, which had risen sharply on Thursday morning, reversed course after New York trading began, with some analysts suggesting that investors could be selling their holdings to meet margin calls on US tech stocks.

The price of gold was down 2.4 per cent on the day to $5,272, and silver was down 2.9 per cent to about $113.

Gold now at $5351 while Siver is $115.

Although most US pundits are surprised by what they're calling a 'flash crash' the main instigator still seem to be Microstrategy (large BTC holdinng) and Microsoft (earnings disappoint - suggesting AI bubble bursting). Panic quickly spreads in these situations leading to a General sell off. We'll see if Gold does what it traditionally does and recover losses quicker than general stocks.

At around 10.39 EST there was a sudden market crash affecting multiple investments eg Microstrategy down 10 - 11%. Conjecture for exact reason so far but Microsoft dropped badly which has large effect on US markets etc.

I have read the Jarden report (it's filed next to the latest Flat Earth Society report in my desk) with a mixture of incredulity and outright laughter. They obviously disparage and, imo, do not understand the intrinsic value of gold (like so many of their ilk who have advised me to sell my physical gold at all prices from £1500/oz upwards). They even disparage GGP's remarkably low AISC. They expect gold to trade at 50% of current levels - which begs the question who are they writing the report for? Obviously not holders of gold stocks since Jarden would have told them to get out some time ago as gold sceptics. I prefer to do my own research since it's my money at stake and not Jarden's.

Why the Drop?

The warning signs to me began when talk of which expensive car this or that poster was going to buy. That, and similar, indicate sellers. Meanwhile Wyloo buys the rest of Newmont"s stake to hold 20% of GGP. I also notice an increased number of posters who appear to me to be'newbies' seeking advice and asking basic questions ie fomo speculators not long term holders (nothing wrong with that but still a sign of a shift in investor base). For my sins I continue buying the dips because, like Wyloo, I believe GGP is still a Company with enormous prospects and am happy for my children or even grandchildren to eventually buy that Bentley (if cars still exist).

Re my previous post, and for comparison, the Bank of England has roughly 300+ tonnes of UK gold although it safeguards metak on behalf of other Countries.

As of late January 2026, Tether has quietly become one of the largest private gold holders in the world. The company currently holds approximately 140 metric tons of physical gold, valued at roughly $23 billion to $24 billion

Hi Element, agree with your comments re price action, Goldman (there's a misnomer) etc. Any p/e below 10 is to be considered cheap. For a growth stock look to p/e of 20 as a starting point. GS, like nearly all legacy banks, still think of gold as a pet rock (valueless), are mandated to support the dollar at all costs (increase gold price destroy dollar), are directly linked to the US Federal Reserve and are as good at pricing Gold as my son's dog. A few days ago I was listening to one of these experts predicting gold price movements - I was so amazed at the cr*p being handed down that I made a note- which reads 'Gold unable to break resistance level of $4550 and expect a retrace to support at $4400. Few days later we have $5294 (as I write). As for selling action on GGP there will be some manipulation from the usual suspects but, unfortunately, a lot of automatic selling via stop losses. I do not use stop loss tactics with GGP because I do my research and know the intrinsic value of GGP - although I appreciate many newcomers have to 'protect' an entry point closer to £7. I will continue to hold post Havieron (still adding this week) to at least the dividend point.

Today's essay from Alasdair Macleod - this guy has worked in International markets for decades and is a better source of information than most anal analysts that come and go. https://open.substack.com/pub/alasdairmacleod/p/funeral-for-the-dollar?utm_source=share&utm_medium=android&r=306ftd

As I mentioned at 15.36 today the US dollar as represented by the DXY was around the resistance level of 96. It has now smashed through that resistance to trade lower around 95.48 as I write. The result - gold now smashed through $5100 trading at $5177 at the moment. Not rocket science but all main predictions going forward are for DXY to decline further pushing gold even higher. Entering new territory for GGPs main asset.

The US dollar index, the DXY, keeps flirting with a key resistance level at 96. If this eventually breaks through it will propel the POG to the next higher level. Meanwhile it's interesting to see this late and rapid sell off with GGP prior to SD reporting later. Not insider trading surely?

At the moment everything looks rosy for inclusion in the next rebalancing - after close 20 March opens am 23 March. At £7 per share Market Cap is roughly £4.8bn which transitions GGP into a 'large producer'. All other metrics are fine for index inclusion with the bonus of liquidity (important for index) enhanced due to both ASX and AIM trading. One other major factor is 'Free Float' ie amount of shares available for trading purposes outside those held by Institutional Investors and the likes of Wyloo. GGP at present should have no problem since the minimum level of FF shares is 10% and we sit around 50/60% l believe. One other factor I would mention is a record of consistent production which may have been what spooked the ASX months ago with predictions of declining volumes prior to Hav starting up. That scare has now been put to bed emphatically - so I hope our SP going forward maintains current strength which heavily depends on POG. Interesting times.

The machinations surrounding the 'accepted' Chinese offer for this Company I find strange for at least 3 reasons - (1) since the offer the 'in the ground' value of this project has signicantly increased - no effect on offer. (2) Trump influence regarding Chinese acquisitions in S America has seemingly nil effect on offer and (3) SHs still willing to buy shares above offer price (although marginally). Interesting.

Interesting brief read https://open.substack.com/pub/alasdairmacleod/p/the-collapsing-value-of-dollars-as?utm_source=share&utm_medium=android&r=306ftd

After the fist-fight that was, unusually, the WEF at Davos this week I would strongly recommend the following link which covers so many reasons why the World is stockpiling Gold at record rates and record prices. Hopefully answer many questions that appear here every day.https://youtu.be/4vH6HDqMgOo?si=ee291ASBkurifiQm

Admittedly Gold is volatile atm but currently trading at less than $100 away from $5000. Not too shabby from the point of view of a gold miner who is steadily producing more quarter to quarter.

Monty, manipulation has been going on across the board for years but more recently it has become more 'sophisticated' due to AI and computerised trading which can buy/sell thousands of times per second. The bigger the market the bigger this operation comes into play. I follow the US market daily where you can spot this happening every day. Whereas gold has been manipulated historically va the 'bullion banks' silver has been controlled from China for reasons I won't bore you with - However now that the World (Central Banks/Sovereign Wealth Funds especially) have woken up to the Risk! of fiat currencies bigger forces have largely overcome the traditional manipulation which is increasingly confined to trades when main international markets are closed - it's a bit like a stage magician reveling how their tricks work. Fascinating stuff.