Altyngold Share Discussion Threads

[excellance] 15/2/2021 15:45

129.5 now so it is beginning to bounce back.

[excellance] 15/2/2021 15:25

I'll have to buy more then!

[cool hand kev] 15/2/2021 15:11

Well it hasn’t moved the share price up

[excellance] 15/2/2021 14:50

Bought a few back today.

[excellance] 15/2/2021 12:11

Central and commercial banks are happy to short paper gold while hording the physical version, but whatever happened to free market economies?

Everything from food prices, oil, energy, gold, even wages, are now controlled by dictat from government and their corporate cronies.

Question is, who's leading whom, and for who's benefit?

[excellance] 15/2/2021 12:05

At some point the pog should bounce, but when?

What do the charts suggest?

[excellance] 15/2/2021 12:01

Paper gold is just a promissory note, exactly the same as fiat currency except it is linked to the value of a tangible asset.

However, is it not possible for central banks to use QE to manipulate prices using these promissory notes?

If so, when will it end?

[michaelfenton] 15/2/2021 11:51

harrisun I concur with your comments on the metals market. I am almost 100% in metal miners. Down a bit for now but anticipating a storm at some stage. Overall non miners with some exceptions will come in for A FALL and we will have our day. Just my opinion and have my money where my mouth is?

[cyberbub] 15/2/2021 11:49

"Probably because they were an offshore shell company".... Get your coat!!:-)

[harrisun] 15/2/2021 11:41

Anyone able to tell me what the sell size is at present? I know what the buy size is or was, 1,000, but not at home right now so can't reliably check.

with a buy size so small its bound to create a distorted market unless the sell size is similar?

[harrisun] 15/2/2021 11:20

Michael. This is why the powers that be will not be able to keep control of all of the metals market, and indeed its become doubtful whether they will even be able to keep control of the gold and silver markets, when you get to a situation whereby there can be 250oz of non existent paper silver to every 1oz of physical. In the UK it was silver that was historically the currency base up until 1344. Worldwide although we know various bartering currencies existed such as shells, the first accredited form of currency emerged over 5000 years ago with the Mesopotamia shekel around 600-650bc and where Lydia and Iona used stamped silver, silver amalgam and gold coins.

Cowries were used for bartering currency, but not considered a true currency for some reason, probably because they were an offshore shell company.

[michaelfenton] 15/2/2021 11:07

A Tesla EV contains about 120kg of copper and some silver too. All the so called green industries use copious quantities of copper and supply for now will not keep up hence rise in copper price.

[excellance] 15/2/2021 11:06

They know I have some silver, a few bits are on display, but they have no idea of the extent.

[excellance] 15/2/2021 10:55

Speaking of EV battery metals, I was adding HZM for nickel exposure most of last year.

I now have a balanced metals equity portfolio of bullion, base and pgms.

[harrisun] 15/2/2021 10:53

Whatever manipulation takes place and we see it blatantly in Gold and Silver, eventually its not sustainable if physical demand has to be met or is demanded. Its no good having a bit of paper saying you own 5,000oz of copper, if you need it for coils on electric motors imminently.

its likely world requirements for many metals cannot be met and it gives little companies and middle range companies at an advantage from two avenues. Production and takeover.

many of the giant resource companies see asset grades deteriorating so they spend all their time trying to extract as much from processing more ore, so less time to look at other assets. The smaller companies often pick up licenses, drill them, prove up the resource, whereby they can be attractive both from a production perspective and from an acquisition prospective where the large companies can afford to pay large premiums to acquire small companies that have done the groundwork for them.

[excellance] 15/2/2021 10:52

I bought mine from silver2you from Estonia via Frankfurt.

[michaelfenton] 15/2/2021 10:49

Absolutely harrisun.

[harrisun] 15/2/2021 10:45

Michael. In my opinion metal resources will be a much better hold of value than fiat. Even if you agree or disagree with the renewables/ev race, it will herald massive requirements in metals.

[excellance] 15/2/2021 10:44

UK gov view private holdings of gold as if it belonged to the nation.

Having said that, every citizen is leveraged and considered to be essentially owned by the state, surfdom, debt slavery, mere chattels of the chancellor.

Why would our bullion, estates, offspring, be treated any better?

[michaelfenton] 15/2/2021 10:43

Yes excellance copper for gold is not a bad switch although they often come together. Copper prices continue to rise as the use expands. I too have just got into CHF as i am a big lover of Troodos.

[harrisun] 15/2/2021 10:40

This was also why Gordon Clown announced in advance (from 1999, coincidentally the date on the previous quote) the sale of 401 tonnes of gold which had the desired effect of dropping the price of gold realising just $275 an ounce, but it was by deliberation rather than stupidity.

it was at the bottom of a 'bear market' in gold which is not surprising in view of the quote I posted earlier where there were determined efforts by the West to knock gold and silver, which has continued to this day.

[harrisun] 15/2/2021 10:38

If you get over £10,000 worth in one go they ask all sorts of questions in the name of money laundering, but you have to wonder whether its about appropriating the metal if they choose, like they did before!

"By Executive Order Of The President of The United States, March 9, 1933"

Ever since western governments in particular have waged war on the gold and silver price by not just allowing manipulation of the metal markets but encouraging it....unless it was purchases, as in the Hunt Brothers.

This interesting excerpt from a book demonstrates beyond any doubt their fear of gold and silver when balanced against 24/7 fiat money.

"In front of 3 witnesses, Bank of England Governor Eddie George spoke to Nicholas J. Morrell (CEO of Lonmin Plc) after the Washington Agreement gold price explosion in Sept/Oct 1999. Mr. George said "We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The US Fed was very active in getting the gold price down. So was the U.K."