Right, is not going to be today or tomorrow, but is coming in the near future. We will get into hyperinflation.
In the meantime BTC down the drain, lost 6K per BTC in 24 hours. For those that were have second thoughts about mIners and GGP due to the small drop
We all know is not cash physically printed. It is credit added to bank deposits, which increases the money supply available to borrow and then spend or invest. It is money, which ultimately can be used to further inflate the economy, stocks, POG/POS, BTC, etc.
Great info, lot of reading to do, thanks!
Time-lapse box cut and decline video, thought of sharing for those less knowledgeable. https://www.youtube.com/watch?v=eHWHwt3kt3Y
Hi mpre22la
1 - first of all suggest you do your own research. The GGPHelp is great source of information. https://ggphelp.co.uk
2- Check out past, present and future posts of the experts in this BB, being those PaddyGall, Hydro, Bamps21, TakeMyTime and many others
3- We just had a 15% loss in SP due to external factors (POG, funds being moved, etc), and news from SWAG are imminent, it could be an excellent opportunity to top-up, but DYOR. Suggest you check out the comparison between Havieron and Scallywag posted by Tom_the_bomb... indicating the results of past magnetic surveys and current drilling targets (London, Blackbeard and Kraken) https://twitter.com/tom_the_bomb__/status/1348226603529216002?s=20
4 - GGP is here to stay, and due to discoveries, to the JV's with Newcrest and current finances, is basically de-risked
Good Luck
Well dissatisfaction not ATM, but comparing the 2 is not appropriate or smart. ARB is linked to that thing called BTC, which could blow up with a hack or simply if there is a blackout. Last week the Coinbase platform went offline for a few minutes and both BTC and ARB lost 15% in a matter of seconds...
We are dealing with gold, which has been around for thousands of years.
It is Bernard. I'm myself accounting for a paper loss of nearly 100K.
It is frustrating, but others are enjoying big rises all the time around the world. If you manage to time the market and move funds in time to join all the rises, then you are either lucky or have a crystal ball. Moving funds after the event is just dumb and risk is you join before the drop happens, and in the meantime miss-out when news are up over here.
Enjoyed that film a lot (and at my age I usually fall asleep in the intro of movies).
It could happen again, trigger panic sells and cause a crash, collapse or even a bust. Since the monetary system hasn't been fixed, and the US is close to 30 trillion in debt, not far IMO, unless they keep feeding the system artificially like they have been doing for years. What a better place to be that holding GOLD when that happens?
Several reasons combined, but nothing to do with the real value of GGP, which is clearly way north of 30/40p.
* Price of gold being manipulated and kept down artificially by central banks. Gold is the barometer of a country's economy and currency. Rising POG is an indicator that monetary danger lies ahead (i.e. inflation). Answer to that: they will not be able to do that for too long, for reasons that have been explained by those surely more knowledgeable than me on the subject (i.e. speedy), but lay around paper vs physical gold rules, uncertainty, imminent money printing, inflation correlation, etc.
* Impatience: people moving funds and chasing rainbows elsewhere (EUA, ARB, Bitcoin). Answer to that: "The stock market is a device for transferring money from the impatient to the patient" Warren Buffet
* Although GGP's value will be clearly north of possibly 1£, it is not always a straight line. Paper losses are to be accounted for thru the journey. Nothing goes just straight up.
* Lack of updates for a month. Answer to that: GGP magicians got everyone used to a steady flow of news, and those less patient again are feeling anxious. Answer to that: news are coming, and very soon, and the news we are waiting for are big. I believe Paddy, Bamps and Hydro have already posted expected dates of updates in the coming months. Big Scally news could drop anytime now, and if positive (high chances) they could be transformational.
Hold for gold. But DYOR
Probably many moving funds to freaking Argo madness and EUA.
I don't touch GGP, even with the drop. Actually, is time to top-up. "The Stock Market is a device for transferring money from the impatient to the patient"…. Warren Buffett