Member Info for Droverman

Hi Speedy, dont forget that bullion banks loan out gold and then the loaner sells it to buy other more potential commodities to make profit and after buy the gold back and give it back to the bank hopefully at a lower value so making 2 sets of profit, only works if gold does not go against them when closing the contracts, think Browns bottom was done to bale them out and he told the market a few days before selling so making sure the gold price went down and that was the low point before starting the gold bull market. Ciao DM

We will "build back better" after the pandemic, this is the motto of all elites concerned with the great reset including Biden and Harris both have said it, listen carefully who say those words. My build back better is scallywag. DM

Same one mate, think they tried an IPO and got found out

Hi Speedy, agree to some extent in that nobody knows what China gold holdings are as not proved, could be cobalt covered in gold like the scam last year with a Chinese company holding 65 tons in fake gold. I heard gold is being controlled to some extent by the IMF and World bank have it linked to the SDR +/- 3 % so if the new world order comes then the SDR is ready to be linked to gold in the new currency or liberal digital one to control the world, one way or another its coming unless our friends in USA stop it. Something happening before 20th January. Ciao DM

Nice feeling Paddy for the holders owning more shares than Blackrock! DM

Hi Speady, if i remember correctly there are about 10 major holders of bitcoins holding about 40% of the total and they manipulate the price by swapping with each other to force the price up and down, oh, by the way IRS works out what you owe them in capital gains tax as they can see all transactions so wanabees be careful. Ciao DM

Hi Strudel, tell you what Strudel its much easier to work at plus 50 Deg C than minus 50 Deg C done both from Canada to Iraq and many other places, NCM will have everything in place to make it comfortable for the workers to maintain productivity. Ciao DM

Hi Enrico, agree, see my post this morning saying the same stuff with more detail. Ciao DM

Back to the main course GGP, we are following the Fibonacci trend holding around 34 to 35 p same happened at 21p, 13p, 8, 5 p ETC, next lift this month will be 55p and a hold around there until the next big news during March i should think. So hold for gold guys Ciao DM

Read Jo Starlin's 1937 election manifesto, same as Bidens if you take the time to read it, gulags coming to the USA, no free press and the willy idiots are the first to go, all in history, we are next. DM anyway enough of this stuff so back to GGP

Quite Agree Matty, as a matter of fact the whole thing started with the Clinton administration and Bush was not supposed to get in, Clintons did exactly what Blair did, politicalized the army, police, security forces and administration, total plot and this is the outcome, elites taking over with communist's agenda, started by Starlin if one goes back in history, good for gold and GGP if you can keep it. DM

You have no idea what you are talking about just think Corbyn in charge in UK and the duplicate is Biden, positive side is its good for gold and GGP.DM

Hi Paddy, i think Artemis are going full steam ahead with drilling to find something big before Newcrest runs out of money in proving up our projects and Red Chris. Leaving the JV from Scallywag was a smart move because if we find something big especially copper GH can play Rio off with NCM, can you imagine a huge gold/copper find running into RIO tenement, they will need to build a new processing plant in situ for sure. New year is now in progress and hope it continues like last year my New Years resolution is FIND MORE GOLD/COPPER. Ciao DM

I agree on that anyway either crypto or any other format gold can only go one way, as i said on top of yesterday quote somebody calculated that 11 trillion dollars worth of gold has been mined in total but there is a minimum 200 trillion of gold in other formats out there either paper or other stuff, so as you said it only takes people to demand the physical gold to start the avalanche off. Dont forget one of the reasons that Nixon went off the gold standard was De Gaul wanted to exchange all France dollar reserves to gold, maybe the yanks didn't have enough in Fort Knox at that time? Ciao DM

I think the real value of gold in the short term will depend on Trump gaining office again, he wants to screw the elites to stop them going to crypto finance SDRs by going on the gold standard, Jim Rickard calculation is 15000 usd per oz will cover over 60% of USA debt and gold only is only required for 40% of dollar value. Many countries around the world have been buying gold for reserves and now gold is a tier 1 now classified by the world bank, before they could only value gold at 50%. Ciao DM

Hi Speedy just finished reading an article on gold and its an eye opener, as of this month there is 1500000 tonnes (1.5m)of unallocated LBMA gold in paper and contracts etc and LBMA hold only 100 Tonnes to cover it, thats 15000 gold trades of uncovered gold at least, only one way gold is going up and i mean up in big time this year. Ciao DM

Happy New Year all, cracked (Well fully opened up) a bottle of Macallan single malt whisky triple cask stuff to celebrate the new year with GGP and hope she sails on and on into a bright future as i am all in 98% of my portfolio now with the increase last year so my friends hold for more gold and hope Bamps is correct with his assessments of the future mother loads. Oh George i live over the border in Lithuania great place to live very quiet and very little pollution of any kind but having problems learning the language, you seem to be doing well with Polish unless you are Polish that is. Have a great year Ciao DM

Merry Christmas and a very GGP prosperous New Year mates and and hope all enjoy the festivities with lots of vino and the fine stuff. Ciao DM

Hi Reddirt, wondering when you were going to call in again as always looking forwards to your little titbits. I was watching Oz bull runners the other night and noticed a bar in a township called Reddirt, not yours is it mate? Merry Christmas to you before you disappear again. Ciao DM

Quite agree Stuart, must get the loot before diversification. Ciao DM