Member Info for johncut

1oz Krugerrands on Atkinsons £20 over spot. Seems decent.

That's real world preservation right there. You just need another couple of passports, remote job and your good to go for life outside the UK for when Labour explode the country.

Just buy some monster boxes and be done haha

Try Baird's mint.

I'd also stick to sovereigns over the 1oz. Will get so expensive will be easier to sell smaller value coins.

Tariffs are a one off kick for inflation.

The $ fiat system must have inflation with a greater and greater credit ($) growth. This is what has driven inflation ever since 1971 and US coming off the gold standard.

This is why the gold price is rising so fast. Governments have run out of confidence in US treasuries and gold is seen as the tier 1 asset to have. Most nations are going to want 40% of GDP in gold. Plenty more CB buying to come.

Https://www.barrick.com/English/investors/presentations/default.aspx

Average selling in QA $2900. ASIC also increased sharply.

THX cashflow should be very strong if ASIC $1K

Good to know thankyou. Yes it does appear to be undervalued so bought a good chunk for income portfolio.

Also no corporation tax or government royalties until 2027. Literally a cash machine for 2 years.

I've only held THX for a few weeks but interesting this doesn't track other miners like GGP, PAF, fresnillo. These others are doing 6-7% today.

Believe it will off one off some amortising debt so "net" cost is extra $5m in interest on the bonds. Not really touching sides of $450m FCF. Seems to be consensus they can go more aggressive on less hedging as covenant will be removed.

I'm good - up 12% in just over a week. Oil bottomed at $60 a barrel. These guys have output 80% hedged...just need to be patient while the buybacks accrue.

$3300 gold for rest of 2025 and ASIC of $900 i've got this producing a net profit of $204.8m or £153.6m

PE on 1.5 and a 8% dividend while you wait.

This does scream cheap

Fair play - i want to but not brave enough for whole pension! Gone 3% each in THX, GGP, Fresnillo and PAF. To be honest there's so many good ones.

Stop loss?

I added new positions today as can see this stock is valued less than 2 x earnings FY25 and a dividend.

Gold was due some retrenchment. Shows that gold can be volatile but you could of place stop losses on the new highs to counter any fall and then rebought. (i should have taken that advise myself!)

Either way i sold out of HOC and invested into this.

I would imagine oil going lower to £50. Gas will go same way.

PMs am more bullish. Silver massively undervalued at 102 to 1 (or maybe gold a bit over bought as been absolutely cooking this week)

Gold miners though will be making so much FCF they won't know what to do.

It's getting even cheaper this morning!

Lots of these trusts now available at massive discounts. Hoping private equity come and snap some of these up and or rates drops as i'm massively under water in a few of them.

APAX, FGEN, Trig, Next Energy. All if these yielding 10% plus and well covered. Henderson Far East also 12% +

Https://theoakbloke.substack.com/p/more-twists-at-seit

Not that funny when you find its all those elites that have taken possession of the gold so that main street are left holding the baby when all this fiat paper openly becomes worthless and CBDCs become mainstream. Then your assets are locked into the new fiat system.

Since 2000 gold has grown at 8.5% and probably now accelerating to the top of this gold cycle.

Funky pigeon not included. Profits of 5M and expect a sale around 5 times profits. That is a really capital light business so maybe 20-25m is possible. Add the retail store proceeds of 25m and imagine the £50m will end up as a buy back or special dividend.