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And gold now over $5,600.....

The YouTube clip also details why many who think they have bought gold or silver on paper will be burnt.

For every ounce of silver produced, 300 ounces have been sold on paper. For every ounce of gold produced, 100 ounces have been sold on paper.

If you don't hold the metal yourself, then the recommendation is to sell the junk bonds of paper assets before those businesses collapse.

The banks are having to buy gold to support their paper sales with big losses. Any weaker financial organisations will go bust and the paper ownership of gold ir silver will become worthless to many investors...!!

SkintAI - also glad for you. Where do you store your gold? It is very important that those who have bought gold actually hold the gold and it is physical and material.

As was posted by someone before, but really worth watching to understand why Gold and Silver are going to go much higher:

https://m.youtube.com/watch?v=Ysb7QBgRaQ4

It's my birthday today. Thats a nice little teaser of a post. Hopefully this turns out to be a wonderful present...

Wouldn't it be interesting to see the assay RNS first thing in the morning, thereby totally eclipsing the RNS of Friday close of play.

If only.....

Thanks for your interesting thoughts Copperhands. That is the only reasoning that could make sense.

I have been struggling to make sense of it as they could have converted when they consolidated and avoided the need to add more share potential for future rises.

This add on to the £5.15 million shares does give a huge raise and dilution potential against current share holders interest. Where by a deal similar to or better than the 50% with MEGA on the Riversgold mine, avoiding all capital inputs by Riversgold, would be a deal that would be much better suited for WSBN in my opinion.

We will see what happens here. I hope.it is all good......!

BANG! And there goes $5,000 for gold and $100 for silver.

All heading up and up again. Thanks to the Basel III accord!

We are expecting/ hoping for great results for gold. I understand that the cost of gold extraction is about $1,250 per oz.

Is that the full cost for all metals?

Are silver and copper also extracted within this price and a valuable by product without extra costs?

Any clues how this works, anyone??

I was just about to post the very same M7.

Historic price marks likely to be breached today with $5,000 for gold and $100 for silver.....

GP at $4920 per ounce and looking as though it may even pass $5,000 as early as tomorrow.

Sometime within the next 2 to 4 weeks we should know all.

I can't wait...!!

Yes.

Keep investing in the apples Forest Gump!

Fabulous info posted in the YouTube clip Mooching. Thanks for that.

Everything is aligning nicely. GP going north. The Basel III acord coming into force means the GP is due to rise a lot more yet. RP's predicted $10,000 per oz seems entirely possible!!!!

WSBN will hopefully drop the mother of all RNS' with assay results that prove a vast strike within the next 2 to 4 weeks, with luck.

The stampede should follow...

Gold price now just shy of $4,750 per ounce and climbing.

I believe that GGP are declaring quarterly production around 80,000 ozs. If this is right and Wishbone were to be proven to be sitting in another Telfer sized prospect and it started mining at the same levels, then the margin would be knocking on the door if $300 million a quarter or $1.2 billion a year (ish)!

I am really looking forward to the assay results and a first guess of size and potential yield from the Redsetter prospect. That leaky tweet a few months ago suggested the market will be shocked by WSBN. I sincerely hope so and in the amazingly huge strike direction....

Yes, SM. It feels like a raise is due shortly with ORCP.....

Silver up strongly too by almost 12%!!

Gold at $4,700 an ounce looking likely before trading even starts today.........

Whilst WSBN only was gold in it's name to date, with the rest in the ground and still to be quantified at their 100% owned Redsetter prospect, the price if Gold is nudging towards the $4,700 per ounce price. I expect that price to be reached today.

Gold could easily reach $5,000 per ounce by the end of January with how the world is functioning so poorly at the moment.

Let's see what those results are to the assays and what a first guess of quantum is for the size and yield of the Redsetter soon to be mine.. !

Great - Sungam.

Please post this again once the RNS drops so we can compare.

Time for that raise - perhaps?

So doing really well. Very good news.

Https://m.youtube.com/watch?v=vWW2SzoAXMo&pp=0gcJCTIBo7VqN5tD