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I have some physical too, just know I/we are in the minority perhaps even on here let alone in the general population. It feels a good thing to do but also at the same time it still feels a bit odd to do it......they've done a good job convincing us £/$'s are normal/best to hold!
Beholder, the argument/fact is that there are many paper contracts for etf's etc that say you own it but not everyone can take delivery. This is actually in the terms of most eft's only the bigger players can take delivery. Holding it physically is a pain for most and so people keep their paper. The argument is there are far more paper claims to the metals than physical metal to back them. Hence why some (who are often called paranoid/extreme) hold physical metals themselves. I shifted funds from etf's to Miners as even under the current state of affairs there feels like potential upside for miners, if the metals do get repriced well then the miners should too. It all feels right to me.....but who knows perhaps the everything will bounce back and blossom economically the markets still seem to think so!?
There is a definite vibe that if you're not invested you should sort of keep your opinions to yourself, I'm an accountant too and have a small amount bought doesn't make mine or napalm's comment really anymore more valid/invalid. The accounts side I think helps to see the potential, and that fully working it can provide a decent benefit, it also adds caution (on top of a accountants natural caution!) about the downsides. I haven't worked in multinationals and/or high volume sales/high stock companies, but one with a very slick stock/sales/inventory system should fit this well, obviously hurdles to get over so I'd say all insight worthy, unless once invested you just commit full stop? Information helps people to decide to completely bail to hold forever and all in between. Unless people are being gloaty or snipey then I say post away?
It's very interesting I'm very new to all this but the Algo's are potentially looking for mini gamestop'esque share price climbs so momentum trades? perhaps some are fed fundamental data of companies on top of the share price/chart movements but perhaps not or it's a small influencer? Then perhaps the Algo setup flags a top 10-100 or whatever for a 'human' to look closer at as they know their Algo is not infallible and/or has weaknesses/might not maximise potential etc. What's certain is a Algo has no emotion whatsoever! Almost makes you think how can I compete.........ultimately 'value' fundamentals will come good is true, unfortunately we are VERY emotional beings and so can be our worse enemy.
I'm hopeful of a general Gold price rise over the development period and for sure any valuations will be at current or lower Gold price and so there alone is some headroom (in my head), obviously some downside if Gold slides over the next few years.
First time poster so go easy! I think this might be a slow but good burner as Finance people can be unwilling to change, or perhaps less willing is better phraseology. Also they are the most cost conscious and so for me it'll largely come down to if it reduces costs. If this works as stated then it will reduce a companies need for any current provisions it has to work around cashflow issues, these provisions have limitations (on size someone mentioned 50% of stock) and speed/efficiency. If the rates and fees are less and the system is all automated to the stock/sales system of the company ie efficiency gains on top then it will be adopted. It might be slow initially as those taking it up are more pioneers but you could get exponential growth at some stage, if word of mouth/reputation spreads. Always a risk that banks etc will suddenly respond with lower charges/more favourable terms to try and stop a company transitioning. It's an interesting concept/model and there is definitely potential I think.