Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
#Powell on inflation: We want to get inflation moderately above 2%. And we haven’t done it yet. A fundamental change in our framework is that we are not going to act preemptively based on forecasts. We will wait to see actual data. #FED https://t.co/lZIeu3SCVq
A great interview with Rick Rule (Sprott)...
He talks from 03:40 onwards about understanding your investment and its value (we all know the value we have here and how that value could potentially increase) and the delight he feels when there's a drop in price as he sees it as an opportunity to buy at a discounted price.. He's as cool as a cucumber!! A great interview overall if you have the time to watch the whole interview.
https://youtu.be/mpjZOPZwpXM
This backs up what Speedy is saying....
https://kingworldnews.com/gold-is-this-what-the-whole-decline-has-been-about-key-chart-for-the-gold-market/
500 billion not million!!
A possible trigger for an upwards gold price in the coming weeks.
Treasury secretary Yellen to draw down on the US government TGA account which raised $1.6 trillion last year. They want to draw it down to 500 million, leaving $1 1 trillion to stimulate the US economy.
https://realmoney.thestreet.com/investing/stocks/yellen-drops-1-1-trillion-treasury-cash-pile-in-a-big-jolt-for-money-markets-15572650
Good to see people making most of the dip in the gold price..
https://www.livemint.com/market/commodities/gold-buying-surges-in-india-as-prices-down-rs-10-000-from-record-highs/amp-11613883543018.html
Yes, certain central banks are talking about going digital. It will be interesting to see how all that plays out. The dollar could lose its reserve currency status. This could be the reason central banks are hoarding gold. The future reserve currency could contain a basket of currencies and gold. Who knows, fascinating times, but all a guessing game at the moment.
Great point.. Keep gold prices low and then reprice it in order to pay off their enormous dept.. In that scenario you are definitely talking boom time for the gold price!
Agreed Tymers, nice Saturday afternoon discussion though.
Its actually fully transparent and traceable. But as Tom says, probably best to get back to GGP and the tremendous opportunity we have here, both for the company and gold!
Fair point, but bitcon now has a trillion dollar market cap. That's alot of money to now pull the plug on, shutting it down may have repercussions on the wider market. Its future money that governments can potentially tax.
https://kingworldnews.com/alert-no-gold-or-silver-available-in-size-in-london-or-zurich-switzerland/
https://kingworldnews.com/michael-oliver-gold-will-reverse-higher-with-extreme-speed-and-violence-once-it-bottoms/
Gold Will Spike Violently Higher After Bottoming
But expect violence and extreme speed in any final turn from a low in gold—whether a lower low than November or a refusal to produce such a low. We don’t think the mobs will get time to figure it out and position comfortably for the turn.
Article date Feb 16 2021
If the link doesn't work then just Google "Michael Oliver Gold Kingsworld"
Not nice to watch the SP dip, but this is playing out as all the investing greats have warned us about. Rick Rule mentions that you should expect potentially several considerable drops until full value is reached, Warren Buffet highlights the importance of being patient and to ignore daily fluctuations if fundamentals are good. Let's face it we've struck a huge gold find, statistically speaking a find that is so special that the chances of finding such a mine is 1 in 10000, and if that's not enough we're only scratching the surface if we consider all the other licences we are yet to explore. When it comes to macro, most people I research all expect higher inflation in the years to come due to an increase in broad money supply via loose fiscal spending, again all plays in gold and hard assets favour.
I guess what I'm trying to say is, if you have done a little bit of research its plain to see that this is playing out just like all the great investors said, but as they say you need to ignore short term volatility and price and look at the bigger picture.
By doing my own research, I feel what we have found in gold/copper terms with GGP along with the macro backdrop such as the impending EV revolution and government excessive monetary and fiscal spending is what makes GGP a once in generation type of investment. All the elements are in play to make this an incredible investment for those who remain calm and have the patience to watch this company now develop in the hands of SD and the wider team.
I read the board everyday, just wanted to thank all the great posters on this board for the information they provide, you know who you are! Big thanks to GH for getting us to where we are and wish him well for the future.