Member Info for Droverman

Hi JD, then please explain what the new calculations for inflation that the new FED chair is thinking of. His calcs will reduce the present inflation rate by 1.0% overnight so allowing interest rates to fall as well as reducing USA debt, 9 trillion dollars of debt need to be rolled over within the next 18 months. How will bond markets respond as well as the POG/POS. Will he issue a gold back 50 year bond, will he re-rate gold reserves to present value or higher. How will that effect bond prices and inflation as well as the POG/POS. All of the above will effect GGP in a big way. Need to keep up where the big boys play IE USA and the City of London (Not UK by the way) Russia, China and BRICKs are playing catch up. What's going to happen on July 4th? DM

Sorry JD, you just do not get it. To understand China you have to work with them and understand their mentality, i have. I also worked in Russia, all Gulf states including Iraq before and during the Iran war, got to know their tribalism, all Arab states work in the tribalism way. Stayed with the Bedouin in Saudi and Sinai desert near Raffa and Worked in North Africa and Southern Africa, same thing, tribalism, democracy does not work in these countries. Central and South America is different, might invest in Argentina now, definitely not Brazil with Lula in charge, owned a bar there and local newspaper, all gone. Before you invest hard earned money take the time to understand where you invest it. Would you invest in Nigeria, for me not one bean, worked there for 7 years in total. Have you worked in any of those countries, if you had, then you haven't learned much, taking a holiday in Egypt doesn't cut it. Invest in Gold/Silver mate, that's what most people living in those countries mentioned invest in (If they have money, most cant) DM

Hi JD, how can you trust China, they lie about everything, from deaths to births, company accounts, 3 Gorges Dam, population, covid, TOFU construction, fake gold, one company had 60 tons of fake gold. They fake everything, even Rolls Royce cars. So the question is JD how much fake gold do you have. DM

Anybody investing in Chinese stocks must be nuts, unless they are a top fund manager with contacts within the party, even then he might get purged. Going into China is like the UK going back into the EU, going to get screwed. Only invest in Gold/Silver at this time as well as our GGP. DM

My daughter had dyslexia and we only found out when we put her in a private school, they noticed within one week, while she was in the state school for over one year. She had special schooling to sort it out. DM

Hi Poni, not enough shares is not a problem, think 50 quid a share and then a split to double the shares in issue. DM

Somebody dumped 75 tons of paper gold on the market the other day in a few minutes as well as over 1000 silver contracts. Also India introduced an import tax of 15% from 6% all these have an effect on POG/POS. Andrew Maguire explains what's been going on over the past few days. DM

https://www.youtube.com/watch?v=VHj9aYyp_Jo

Hi TT, over the last 5000 years they have calculated 700 million tons of copper has been produced. Now they calculate 700 million tones will have to be produced within the next 20 years, that's 16 tier 1 mines going into production each year from now, that says it all in where copper prices are going to go. Last tier 1 discovers was in 2023 and none since, it will take 10 to 16 years to get that project into production. All present tier 1 copper mines are getting depleted at a faster rate and reducing grades. Unless they can find something man made very quickly to replace copper, then the only way is much higher prices or no wind turbines/EV cars/Batteries. Same for Silver, Peru Silver mines have been shutdown as i understand due to strikes and protests outside the mines. Peru is the 2nd largest producer after Mexico, so like copper once the reserves in vaults dries up, they had better find something else to replace Silver. Wish we could find the Silver mother load near Telfer. DM

HSBC has just posted a loss of 400,000,000 quid on one loan and did not do due diligence on it, this is private equity and private credit rears its ugly head. This is one loan, and insurance companies are fully involved in this private equity/credit.

I say this because some of you who have made huge gains and are thinking of pension annuities and putting money into funds.

Well i have news for you, do so at your own peril as its no difference to 2007/8 debacle. My grandfather told me do not take a banks advice as they don't take it themselves and the same for banks money. See video below, explains where HSBC went wrong and how banks are going to lay off private credit/equities onto insurance companies. Blackrock/Blackstone/JPM are doing exactly that. https://www.youtube.com/watch?v=TD-Ze_NF2ZU

Trump will want more than Obama wanted (Just look at Obama middle name), he wants a total clear out of the Islamists and some sort of democracy by the will of the people and of course control of the oil, oil is what's its all about. Think about it, a low oil price brings Putin to the table, no oil for China brings XI to the table and gold/Silver goes to the moon and GGP to Mars. Lateral thinker. DM

Think we need one of these machines for Telfer and OC, think one of these machines at Telfer will strip away stuff in a few weeks to get to the good stuff. DM

https://www.youtube.com/watch?v=iVjEOVhxE1Q

Hi Will, the West went stupid with energy over the mythical net zero, UK closed off the wells, Germany shutdown the nuclear plants, Holland cemented in the wells, Biden tried to shutdown USA oil production and pipelines. Trump opened up again Drill baby Drill, the Gulf is not a problem for USA but is for our pigmies in UK and EU. Gold/Silver and copper will fly this year. DM

Yorkshire men say "where there is muck there is brass". DM

GGP price will now be more affected by the POG until end of year results and going forward from there, sometime in July. The following should effect the price in the meantime.

Drill results from Telfer satellite deposits.

Drill results from Ernest Giles.

Approval for Havieron.

Buy this machine.

https://www.facebook.com/100083224005850/videos/cat-goliath-heavy-duty-equipment/4064130117176091/

Giant 1 ton nugget found at Telfer.

DM

Should do both MM, keep some PMs in the garden and stock up on essentials, including fuel and bicycles/horse and cart. Got the lot. Family, friends and local community will be the most important thing to achieve. DM

This year according to Jim Rickard. DM

NEM up 7% so far, interesting. DM

Not nice really but this video spells it out quite clearly what's baked in and nothing to do with the present wars. Better start thinking of family and friends and ??????????DM

https://www.youtube.com/watch?v=_V-6tKSDCnU

Hi Olli, care to state where Israel has wiped out millions? DM

Hi BC, i don't want a bid until Havieron is in full production as well as WDU and OC sorted. Normally bids are a 30% premium to the SP average over 3 to 6 months. I will only think about it when our SP is North of 20 quid a share.

For the POG, don't forget the big banks have stated a change in portfolio from 60:40 to 60:20:20 the last being PMs. When big banks advise their big clients to pile into something, the big banks have already laid the groundwork by shorting the prices down so they get in at a fair price for their clients. When they have loaded up, then they let the price increase. Some say that's what they did to get the Gold Bottom in 2000 (Browns Bottom) The POG went from 370 USD/Oz to 1900 USD/Oz, then they crashed it again once their clients got out, 1900 down to 1050 USD/Oz. As you know the big banks are now going for 6000 USD/Oz by end of 2026. I think it will get there, even some say 10,000 USD/Oz. Very good for GGP and a DIVI schedule. DM