Member Info for JohnNth

"For gawd sake will you people at least do some basic reading up on elementary money market dynamics before posting the utter crap that you do."
Clearly you don't understand the money market dynamics when it comes to gold; which may be dollar-denominated (just like oil) but it is not dollar driven; it is driven by whole host of reasons which means if dollar crashed today it's value would rocket, and dollar will decline in the near future cos it is currently over- valued due to high US interest rates and the Ukraine conflict. When dollar do eventually fall, POLY will get more dollars for the gold but the debt levels will not rise as it is actually in dollars; it will actually fall in real terms. You need your head-read BB.

@Teawala..suggest you stop being delusional and go relax with cup of cha.......

@Urai5...thanks for the reference, so all going well for now. Further, as I've been saying, gold is not tied to US$ and so fall in US$ should bring value of loan and servicing costs down as well, though I don't see this happening as long as the war is on and process is normally gradual. Update is 20 days away so we shall see.

WOS...I agree with that. Other day, @ND made a comment about "ducks starting to line up again for POLY but how many times has that happened before?" Ducks are most definitely lining up but line remains on shaky grounds until either war ends or there's a 'successful' redom. But we can only deal with the situation as exists now, and I feel POLY and Nesis have not put a foot wrong and positioned the company to benefit from every angle where possible eg. from a weak Ruble and an impending weaker US$ against basket of currencies.

@maidit308...stop moaning you ignorant thing. You were warned about Mooky by no other person than myself few weeks ago. I told you he was having a nice life in sunny Israel and he couldn't give two hoots about the likes of you or other shareholders. You gave me abuse for telling the truth and today you are here despising Mooky.

@StanleyPro...you were warned repeatedly both by the company and likes of myself that CINE was a dead duck and shareholders would get nothing in the end. YOU chose to ignore sound advice and now reaping rewards. You only have yourself to blame....so stop moaning!

@Tegop..." In fact I do not want anyone following after me."
That's the most worthwhile contribution you have ever made to this bb. I did promise few weeks back to stay out of making further comments until after CINE actually went bust, which now looks a forgone conclusion. CINE is all but tied down and now awaiting administration of the final lethal dose.

CPJ is not BB's other account, he is his sidekick; judging from comments made, he'd give Watson run for his money!

Nesis have built in a win win scenario for POLY. In view of the current high capex in Russia, a weaker Ruble would make a huge diff in the bottom line; more than two thirds of all costs incurred currently are in Rubles.
A weaker US$ would also be good for POLY as 66% of all loans are US$ denominated; value of loans would fall in real terms.
Gold price is not tied to the US$ as some might think; if US$ weakens, the price of gold would rise.
Both the weaker US$ and weaker Ruble would be of benefit to POLY.

Despite getting over $1bn in annual aid from US, Egypt rejected economic sanctions against Russia. In fact, the country has encouraged the Mir payment system to stimulate Russian trade and tourism with Egypt.
Proves the point US do not control its own aid going to Egypt.

US would not have cancelled aid to Egypt even if they actually supplied weapons to Russia and got caught doing it. For the record US does not control its own aid going to Egypt; aid to both Egypt and Jordan is given to buy friendship/peace for their common neighbour, and the lobbyists for this country instructs (influences through political donations) US to provide this compulsory aid. Same offer was made to Lebanon, another neighbour, as recently as 2008 when Hilary Clinton was foreign secretary but they turned it down; they said it is absurd that we have to be peaceful with the neighbour who occupies our land (Shebaa Farms).
When aid is not justified on common grounds, they call it the military aid. Why does Egypt need any military aid?

The 'average' USD/Rub exchange rate in the first quarter was approx 72 Rub to the dollar, compare to about 70 Rub average for 2022; not that a big a difference. However, Ruble have been falling quite dramatically since mid Feb and continues to do so. This will make a huge impact in Qtr 2 trading as more than two thirds of costs are incurred in Russia, and gold price holding above $2k oz.

POLY going berserk on MOEX today. Is this a pointer for tomorrow?

https://www.tradingview.com/symbols/MOEX-POLY/

I foresee run on the dollar in the near future. Two things propping up US$ at present; high US interest rates (highest in developed countries) and conflict in Ukraine (perception US$ to be safe haven in times of major conflicts).
Move away from petrodollar is looming as US buys nothing from Saudi Arabia or OPEC, and China is OPEC's biggest customer. Other commodities will follow suit as China consumes lion's share of all commodities. Further, weaponisation of USD and Euro will mean more countries off-loading US$ and EURO and buy other currencies or gold. With BIG question marks on US's gold reserves and hence it's inability to service debt comfortably, a run on US$ is most deffinitely on the horizon.
Time for gold has finally arrived.

Few facts on US gold reserves
1) US gold reserves have not been audited since 1953; so much for the transparency US keeps enforcing
2) For over the last decade, China, Russia and other nations are known to be stacking many tons of gold every month, in tonnage far greater than can be explained by annual mine output or publicized transactions. Where is this gold coming from?
3) US stores gold for foreign countries, and when foreign leaders have made it known they want their gold brought home from the US; Germany, at the top of that list, was told to wait seven years, with no credible reasons given. Why?
4) Only 10% of US citizens believe US has all that gold in reserves; they think it's been ****ed up the wall.
5) Politicians and the Federal Reserve never talk about the issue; side step questions when asked.
Are you thinking what I'm thinking?

"The US hates being 'the world's policemen'"
So why do US needs to keep over 700 bases in about 80 countries? China only has one base overseas.
"blame the US for the for Syrian war does not hold up"
US created conditions (political vaccum in Iraq) allowing Al Qaeda and ISIS to take control; a long porous border between Syria and Iraq allowed these terrorists to easily move into Syria with help from unfriendly neighbouring countries. Trump wanted to withdraw from Syria but shelved the idea after getting huge political donations from pro-Israeli lobbies. It is misleading to suggest involvement in Syria is a coalition project when over 90% of personnel and troops are US. And bytheway, they nick approx 80,000 barrels of Syrian oil each day to pay for the costs. No need for US to be Syria, doesn't have UN mandate...they should leave.

"Is America's gold still safe, or is the world's largest and most famous piggy bank a crime scene? The true answer to that question could actually shake the world's financial system to its core and change the lives of every inhabitant on Earth overnight."

I am of the opinion that Nesis and POLY may have pulled of a coup by loading the company with US$ denominated debts. There's no way US$ can rise from hereon unless there's world war 3. A fast and a very sudden decline in USD is entirely feasible and Nesis and the board have taken necessary steps to ensure company takes full advantage.

This is disturbing and calls for audit can only get louder. US already have the highest interest rates in developed economies and this is propping up the dollar at present. Storms are gathering for the US$:
1) Lack of transparency in country's reserves
2) Impending Saudi/OPEC move away from petrodollar; only a matter of time
3) Move by OPEC will trigger chain of events in other commodities
4) Weaponising of USD means more and more central banks moving away from holding $ in reserves
In such uncertain times gold is king and POLY will benefit; not only through rise in price of gold, but also through lowering of US$ denominated debts in real terms.

This was touched on by link posted by redinjun 2 days ago. Apparently, US gold reserves have not been audited since 1953 and so people have started smelling a rat.

https://www.soundmoneydefense.org/audit-americas-gold-reserves