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The low after we came out of suspension was 10p, the bid is currently 22p. If, instead of the SP moving quite quickly to 40 plus, it had slowly risen to 22p, a 100% gain in 11 months, not a trivial amount, only a 1,000 time more than some current accounts, would folk be saying that all is not well, that the BOD`s cannot be trusted, that its a scam, that you will loose all your dosh etc etc etc. I think not, the current SP is only about 3p off the 200 day EMA. A 50% retrace, as we all know, from a high is not uncommon on AIM, irrespective of positive news . I trust the BOD`s and after years on AIM, that is not not something I would say lightly. GLA.
Mr T. I am not an economist, neither do I work in finance, but logic tells me that something is intrinsically wrong when it costs the same to print a 100 dollar bill and a 1 dollar bill, when a bank can create money with the stroke of a pen and when the same 1 oz of gold can be sold to 20 different customers. The fiat currency system really is on a knife edge. Cheers.
61) Monetary policy today is guided by little more than government fiat — by the calculations, often-mistaken economic theories and whims of central bankers or, even worse, politicians. Under such a regime, inflation of three or four percent annually has come to be viewed as a stellar monetary performance. However, under a more sound monetary system — i.e., a gold standard — such increases in the general price level would be seen as wildly inflationary. — Raymond J. Keating
62) Although gold and silver are not by nature money, money is by nature gold and silver. — Karl Marx
63) Governments lie; bankers lie; even auditors sometimes lie. Gold tells the truth. — Lord Rees Mogg
64) If an automatic commodity standard were feasible, it would provide an excellent solution to the liberal’s (i.e., classic liberal) dilemma: a stable monetary framework without danger of the irresponsible exercise of monetary powers. If, for example, an honest-to-goodness gold standard, in which 100 percent of the money in a country consisted literally of gold, were widely backed by the public at large, imbued with the mythology of a gold standard and with the belief that it is immoral and improper for government to interfere with its operation, it would provide an effective guarantee against governmental tinkering with the currency and against irresponsible monetary action. — Milton Friedman
65) Until government administrators can so identify the interests of government with those of the people and refrain from defrauding the masses through the device of currency depreciation for the sake of remaining in office, the wiser ones will prefer to keep as much of their wealth in the most stable and marketable forms possible — forms which only the precious metals provide. — Elgin Groseclose
66) If you don’t trust gold, do you trust the logic of taking a beautiful pine tree, worth about $4,000-$5,000, cutting it up, turning it into pulp and then paper, putting some ink on it and then calling it one billion dollars? — Kenneth J. Gerbino
67) The great merit of gold is precisely that it is scarce; that its quantity is limited by nature; that it is costly to discover, to mine and to process; and that it cannot be created by political fiat or caprice. — Henry Hazlitt
68) Gold will be around, gold will be money when the dollar and the euro and the yuan and the ringgit are mere memories. — Richard Russell
69) Those entrapped by the herd instinct are drowned in the deluges of history. But there are always the few who observe, reason, and take precautions, and thus escape the flood. For these few gold has been the asset of last resort. — Antony C. Sutton
70) The modern mind dislikes gold because it blurts out unpleasant truths. — Joseph Schumpeter
Gold is money. Everything else is credit. – J. P. Morgan
Graphic Gold Quote by Banker JP Morgan
49) Never trust money more than gold. ? Toba Beta
50) Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed in procuring them, and the value of the capital employed in the mines which produce them. — David Ricardo
51) In reality, there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper currency. — Lysander Spooner
52) In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. — Alan Greenspan
53) A gold standard doesn't imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself. — Ben Bernanke
54) The desire for gold is the most universal and deeply rooted commercial instinct of the human race. — Gerald M. Loeb
55) The threat of gold redeemability imposes a constant check and limit on inflationary issues of government paper. If the government can remove the threat, it can expand and inflate without cease. And so it begins to emit propaganda, trying to persuade the public not to use gold coins in their daily lives. — Murray Rothbard
56) When goods are exchanged between countries, they must be paid for by commodities or gold. They cannot be paid for by the notes, certificates, and checks of the purchaser's country, since these are of value only in the country of issue. — Carroll Quigley
57) When people talk about people who are optimistic about gold, they call them 'gold bugs.' A bug is an insect. I don't call equity bugs '****roaches.' Do you understand? There is already a negative connotation with the expression of 'gold bug.' — Marc Faber
58) The gold standard did not collapse. Governments abolished it in order to pave the way for inflation. The whole grim apparatus of oppression and coercion — policemen, customs guards, penal courts, prisons, in some countries even executioners — had to be put into action in order to destroy the gold standard. Solemn pledges were broken, retroactive laws were promulgated, provisions of constitutions and bills of rights were openly defied. And hosts of servile writers praised what the governments had done and hailed the dawn of the fiat-money millennium. — Ludwig von Mises
59) Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves. — Norm Franz
Graphic Gold Quote by Norm Franz
60) With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people. — Friedrich August von Hayek
Unwinding hard???, its currently sitting at $1,872. It drops a few dollars and people sell, hardly a collapse in the price, anyone actually think that nearly 250 trillion, yes trillion dollars, of world debt is going to suddenly vanish??.
Gold will hit new highs and keep going, there are eye watering levels of debt, which will soon be approaching 250 trillion Dollars!!!!, endless money printing, debasement of currencies, its the perfect storm for Gold, but the fallout for so many will be unimaginable, meanwhile, the Billionaires just get richer, nothing changes.
I would like to invest 14 million pounds in your company, I know there is little chance of making a significant return on my investment, I just like throwing my money away. You just don`t do that!!!. No more needs to be said, cheers.
I can remember being at school, around 14yrs old, a woodwork teacher shouted at a pupil for misbehaving and I kid you not, quote "And what do you think you are doing Master Bates" needless to say there was much laughter coming from those who heard it
Can't believe a guy of his professional standing would accidentaly say massive, even if he then changed it to substantial. He knows the true value of the company and potential sales value of the assets.