Member Info for Droverman

Hi PP, also they repatriated gold from Libya, Iraq, Afghanistan, took it all some say. No use in taking over a country without taking the gold. Ukraine, Canada, Greenland and Mexico next. Oh yes, they forced UK, Canada, Oz and Switzerland to sell off gold in 1999 to 2004 to prevent the dollar from strengthening , notice that USA didn't sell anything, and they say the security services have tons of the stuff plus billions, maybe trillions of fiat.DM

Hi SC, everybody is talking about no gold or little gold in Fort Knox, how about a contrarian view, what if the place is full to the gills, don't forget USA had 21,000 tons after the war, basically all the gold in the world and maybe more stashed away just in case they get into the present situation. Food for thought. DM

Hi Speedy, since January 1st, GDX and GDXJ have out performed the gold markets so it looks like the miners are being looked at by the big boys and about time to.

Heard that the financial reset/gold revaluation which ever way it go it will be known as the Mar-A-Lago accord. Think about it 1971 Nixon put tariffs on imports and after he got what he wanted he came off the gold standard as all CB agreed. 1985 Plaza Accord, again USA put tariffs on imports unless other CB revalued and devalued the dollar and here we are 2025 USA putting Tariffs on imports from 1st April, plenty of notice for Central Banks to get their houses in order before 1st April 2025 and 1st July all banks/institutions come under Basel 111 accord. They say, if Trump wants a strong dollar after the devaluations, then he will need 21000 usd oz based on MO at 100% dollar/Gold, cant get stronger than that. If that's the case i will be selling most of my gold to Silver and dollars, keep a bit of gold in you know where. DM

Hi JSP, i wouldn't hold gold in any bank vault in the UK, let alone the Royal Mint. When Starmer comes looking for gold as he will, those are the first stops he will make. ETF are for short term trading, very risky as there will be no gold left to cover the paper gold by the time the banks and elites have first dabs at them. Chards and some other gold dealers have storage in bonded warehouses but you have to pay insurance. If its only a couple of Brits or Sovereigns dig a hole in the back garden and do not tell anybody. DM

Hi Speedy, the present travel of gold and POG is very interesting at the moment, i have heard from the experts blogs many valuations from crashing to 140,000 usd oz. In the short term, a correction i see is Ukraine/Russia finishing, and then the next big lift will be on July 1st, that is when Basel 111 compliance has to be completed IE all financial institutions have to prove that they have cover for every once of paper gold they have one oz of physical gold. Not sure how JPM complies with that but they have just taken delivery of 4 billion dollars worth of gold. Did you know that JPM vault is on the same level as the Federal Reserve vault 5 floors down in the bedrock and just across the street in NYC from each other. Very convenient, some say there is a tunnel between them? Rick Rule states that on average only one half of one percent own gold in the USA, 30 years ago was 2%, i wonder when they are going to wake up, magnificent 7 and crypto crashing will do just the job. DM

Bamps said much more than that if i remember correctly, like a few million more by his calculation. DM

Please No talk about take overs, as a LTH from 2017 i have had too many nightmares and grey hairs because of GGP share price and still my only worry is Wyloo and Twiggy, he has got the biggest T Shirt around and with his share holdings plus options/warrants and options to buy Newmonts 22% he will be over 30% of GGP outstanding shares of 13.2 billion. With Oz institutions buying shares and the power brought by Twiggy on them, he could easily buy us out for a pittance. My acceptance on a buyout is 13.2 billion quid ie 100p a share, nothing less for my nightmares. DM

When Telfer was discovered and drilled out they said it was a 32 million oz resource, now, if they have recovered 12 million oz over time, then there is 20 million oz left and as SD said 20 million oz endowment left in Telfer, that works for me. If you take into consideration what SD has said in town hall meetings there are 20 million oz in Havieron, so total is 40 million oz to process, 80 year LOM at >500000 a year, my future grand kids will be old by then with a big pension pot based on Greatland. How zat DM

Agree Ant15, CEY was a one miner mine with a problem when bought out, so yes, GGP is under valued in comparison. DM.

Going out now done my writing for the week. Hold for gold. DM

Hi Rockie, agree to the point of Divi if the company cant grow, but if said company is GGP and making oodles of money and cant spent it fast enough on other projects, then they have to give a Dividend as its a waste of money laying around in a bank. Once we have enough money to Bring Havieron into production and a spare 200 million Quid for Telfer maintenance and expansion, then Divi must be paid. SD stated he was a Divi man. DM

Hi JS, similar to what FDR did in 1932 but with the physical gold, no problem with them doing the same with the paper stuff and just let the real gold rise to wherever it goes to. If its to a fixed rerate then its fixed for a few years. DM

So Martin, remind me who was in the White House before Trump and after Trump.DM

They can buy us out for 2 billion quid as far as i am concerned, down 37000 bps on this one and still CEO wants to waste more money on wild catting instead of full speed on XX. Sad DM

What about the copper, near 4.6 us/lb, gets to 5.0 we are quids in. DM

Lots of talk about gold being revalued, if the FED still has 8130 tons and i mean IF, then they need to revalue to 25000 usd/oz just to cover external debt of about 7 trillion dollars. Some say part or all has been sold or leased out. Being leased out could be one of the reasons gold is being shipped in enormous amounts back to USA, ie Britain, Mexico, Canada and even India is shipping gold back to USA at the moment. Some say USA is preparing a gold backed bond, if correct, then an audit of the gold reserves has to be done, not one audit has been carried out on USA gold since the 1950s. Some say USA and China are colluding on a new gold backed currency, which means China has to come clean about their gold as well.

If all the debt of the world has to be cleaned up then 140,000 usd/oz is required? Why not BTC is at 100,000 a coin, think about it. DM

Hi Reddirt, nice to hear from you, been awhile and i appreciate your input as i am sure so do many LTH. DM

Have MM been keeping shares at a lower value to buy to sell to GDXJ at a higher price as they have 120 million shortfall at the moment, maybe reason why the didn't buy when they were supposed to? DM

Did anybody see that 50 million share trade at the end? DM

Welcome back Speedy. Gold should be moving up to 3000 usd/oz, once it breaks through that then by end of year 3500 usd/oz unless for the following.

1) Gold rerate

2) Going on gold standard, maybe October i heard?????

3) Collapse in stock markets.

4) LBMA/Comex have no physical gold left.

5) Central bank going bust, which means all go down.

6) Finally the so called GREAT RESET?????

Some experts say Gold to 140,000 usd/oz, why not, BTC at 100,000 is crazy by comparison.

Ciao

DM

Consolidation only works if there is little debt, what there is is fully funded, 3 years minimum growth, no downturn, champagne on ice for at least 2 years so the consolidation is not for BOD Champaign life style, anything else will slide the SP until the next consolidation. Seen it many times before and all for a loss. DM