Member Info for MontyMcgree

There is no "stick it to those shorters!" grandstanding that can happen now, they were 100% right, they played a blinder

"Aim on-Air have.."

Aren't you aim on air?

I use it on desktop and all it auto sets to just showing latest replies which is confusing since there's no context without the rest of the thread

Ok so I set it to threads.. then it only shows the last 5 replies and you read from down to up? and if you want to see what the original post was you have to open it by itself and again read from the bottom up which is unintuitive

Get ready your tissues everyone but I might have to give up regularly checking LSE if its this annoying to try and read

lol.

That is a very impressive piece of kit

400m market cap, not the same as a nice discovery at 10m market cap, im sure Artemis or Wishbone etc sp would be going bonkers if this was there's

love to you and family

If you aren't taking physical delivery of your gold to be able to look at and enjoy what is the point of buying physical gold, odd and unsatisfying.

Bear in mind market cap is still around 400m despite having no gold or copper for sale, no DFS, no up to date MRE and an old very conservative PFS

These things are all coming soon of course and hopefully, finally, we are now sitting at around the bottom of what will be a pleasant ride upwards

The problem with the dollar isn't people don't want it, its that everyone wants it and they cant get enough so they're exploring other options to be able to not be so dependent, which makes sense

I am going to type some thoughts, idk if it will make too much sense if you dont already know what im talking about already

Global liquidity runs off financial institutions lending to one another in the repo market , to get cheap short term loans you need triple A collateral, short term US treasuries are the best that is why youve seen 0% bids lately at US treasury auctions for 4-12 week bills; why would anyone want to lend the US government money for free when they can earn more risk free from the federal funds rate? because they need collateral for liquidity

So is the problem there arent enough dollars or is the problem more so the people with the dollars dont want to risk lending them without pristine collateral and there just isnt enough good collateral to go around to make sharing what it needs to be for global liquidity

So if the problem isn't so much the currency itself just how its being hoarded and not shared around, will a few countries trading in something else help alleviate the problem

People here have been living and breathing GGP daily for years now, no one doing 30 minutes research to make a video is going to be able to tell us anything new or even particularly accurate.

If a currency rises in value what is the motivation to spend it?

A currency to rival the dollar, maybe decades

10 fingers and 2 eyes to look at them and the magic number is 12

How did you come to the figure of 12p?

Inflation being good for precious metals has always been wrong anyway

Bad economy/fear/crisis are good for gold

Theres been dilution, better to look at what the market cap was then vs now

But we are not yet producing gold anyway and still a while away so not the most sensitive currently to gold price movements.

Freddie2 he thought you were saying his charting was bad so he was insecurely trying to prove you wrong

He didnt realise you were just saying the GGP chart itself looks bad.

This is the main channel ive been watching - https://imgur.com/BW0s0Ui.png

Very good if we have finally broken out of it, which looks promising but we shall see

More money is leaving the US banking system than is going in I guess? could be going towards debt, could just be its being moved offshore as they only track it domestically and there are trillions of eurodollars elsewhere

https://fred.stlouisfed.org/series/DRTSCILM domestic banks are tightening their loan standards (same with credit cards) so less currency will be currently being created, maybe that is part of the story

What do you think Speedy?

Well, tough question Sureasblazes, its been a pretty broken system since 2008 but there doesn't seem to have been a way to fix it or a viable alternative option so its eurodollar or nothing

You can find articles from 2009 with Russia and China wanting a new reserve currency but yet dollar hasnt been displaced and everything still hinges on it

Japan tried QE before the west and that didn't work, now theyre onto QQE, I guess that will be the next step for us? then maybe QEE+ lol