Altyngold Share Discussion Threads

[excellance] 22/12/2023 14:35

Correct, as Biden said "inflation is our friend".

The policy of the last 20 years has been to create inflation in an otherwise deflationary situation.

Controlled inflation is needed as it creates natural wastage and keeps people working.

Deflation is the real danger, but a couple of crashes, a pandemic, an insurrection, and umpteen wars have ensured enough inflation to keep the bubble from imploding.

[trader465] 22/12/2023 14:14

How much has GDP increased over the same period? I suggest stop watching scaremongering YouTube pundits. The dollar won’t collapse, the debt will decrease with inflation and eventually be inflated away as was in the 1920’s and there won’t be a USA civil war anytime soon.

“Overall, as shown in table 1, the size of the Federal Reserve's balance sheet decreased roughly $90 billion from about $8.8 trillion on September 28, 2022, to about $8.7 trillion as of March 29, 2023”

[pensionplanner] 22/12/2023 12:58

The FED balance sheet, are you really joking?

For the fiscal year 2023 according to US treasury figures the debt is now $33.17 Trillion.

hxxps://fiscaldata.treasury.gov/americas-finance-guide/national-debt/#the-growing-national-debt

Over the past 100 years, the U.S. federal debt has increased from $404 B in 1923 to $33.17 T in 2023.

Gold storming ahead

[trader465] 22/12/2023 11:29

The FED balance sheet has fallen from 9tn to 7tn. Anyone waiting for the dollar to collapse has probably been watching too many YouTube pundits

[pensionplanner] 20/12/2023 09:56

I don't believe that is correct because that relies on more and more fiat money being printed, and I suspect that particular ruse is now busted.

Yes theoretically sovereign nations with their own currency could issue one coin to offset all debt, but who then would lend to such countries?

The US debt is absolutely staggering, so difficult to inflate that away without even more 24/7 fiat printing, and I suspect nations using the dollar are starting to see the Emperor has no clothes, hence so many wars when 'coincidentally' often where leaders of countries once supported by the USA become enemies if they indicate a move away from the petrodollar.

However if the USA has the vast gold stocks (unencumbered) as it suggests then the logical move would be restoration of a gold standard in one way or another.

Recently countries seeking repatriation of that gold from the USA, UK etc., seem to have been greeted with less than enthusiastic reception, which tends to suggest one of two things: They don't possess the amount of gold suggested, or they do possess the gold, but its not unencumbered.

[trader465] 20/12/2023 08:18

Debt will simply be inflated away, just as it always has in past periods of high debt to GDP

[pensionplanner] 20/12/2023 07:37

Times change, and the US debt is out of control. The ONLY way out is going back to the gold standard in one way or another. Then though we'll see if the US really does have the gold its claimed (and the UK). If not its likely to be civil unrest on a large scale with gold and silver pushing ever higher. Wars won't hide it any more.

"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."

Throwing fiat money to suppress gold price has in the main worked, but that time has passed.

[trader465] 20/12/2023 04:33

People have been predicting a collapse in the USD since the 2008 crash, they have been wrong for a staggering 16 years

[stevea171] 19/12/2023 14:06

Gold $2030 and consolidating above $2000. Even in the US gold is now being snapped up by the retail public.

Wholesale retailer Costco sold more than $100 million worth of gold in the most recent quarter, with gold bars seeing high demand from customers.

“You’ve probably read about the fact that we’re selling one-ounce gold bars. We sold over $100 million of gold during the quarter” ended Sept. 30, Richard Galanti, the chief financial officer of Costco, said during an earnings call on Dec. 14. This was the first quarter of fiscal 2024 at Costco. The wholesale retailer started selling gold online beginning September. In an earnings call late that month, Mr. Galanti had alluded to massive demand for the product.

“When we load them [gold bars] on the site, they’re typically gone within a few hours.”

[stevea171] 18/12/2023 20:31

Gold $2026 +$7 today.
But you wouldn't know it as Kitco has been taken down by a cyber attack.

CYBER INCIDENT TAKES DOWN "KITCO.COM" GOLD-SILVER SALES
17 December 2023
Kitco.com are reporting their website was hit by a "cyber incident" and most of it is DOWN, including the online sales store!

Strange coincidence that as the US Dollar continues to drop in value, and rumors abound about massive Banking System instability, one of the largest Gold and Silver Bullion operations in the world, is hit with a "cyber incident."

[chrisdgb] 18/12/2023 09:34

One of my favoured plays for 24'.....

[wrighty46] 15/12/2023 16:32

Ridiculous, price here, we're undervalued all the way to £3+ is still below fair value. Buy hold and see in 6 month's.

[excellance] 15/12/2023 16:13

Could be a Santa rally, or could be due to the higher gold price, but I do think that the company are creating great value on the ground and I also think that the resource markets have bottomed and money is coming back in taking advantage of very low valuations. The tide is beginning to turn...

[chrisdgb] 15/12/2023 15:00

Really should start to get tasty with gold where it is...gap up to 140p..??

[palisz] 15/12/2023 10:26

Interesting... on my platform getting 104p bid but no offer, not even at 110p. (online, haven't requested phone offer)

[researchcentre123] 14/12/2023 20:33

Like Bunker Hunt who cornered the silver market in the 70s..... Was working fine until the govt stepped in

[excellance] 14/12/2023 17:17

We all know that the price of gold in dollars is very much controlled by paper futures contracts on a ratio of 99/1 compared to actual physical delivery of gold, and paper gold is in effect infinite....

However, is some players disrupt the system by demanding physical delivery, out of US vaults, onto a ship and away, the price of gold could sky rocket!

I recall a case a few years ago where Germany asked for their gold back from the US and they were told it would take 7 years due to all the futures contracts "secured" against that gold.

[nevgroom] 14/12/2023 14:36

I had to Google TPTB - Thought it was some PM Bank I'd not heard of!!

[stevea171] 14/12/2023 08:36

Gold back again to $2040 territory.
But just think where gold would be now if the TPTB had not smashed the price from $2152 ahead of the Fed's announcement yesterday ....

[excellance] 07/12/2023 09:55

I think we can assume that costs will be up even for Altyngold, but we got our funding before interest rates started to rise so at least repayment costs won't rise.

Further good news is that we procured the capital equipment before inflation took off, our timing was perfect. That kit has probably appreciated on the balance sheet even if it is now "used".

The best news is yet to come, assuming that production does increase, and at a time when gold prices are rising while everything else falls to bits.

[golden prospect] 07/12/2023 07:36

Seeing the dilutive funding news at HUM today (plus hedge) is a reminder again how well positioned ALTN is given non-dilutive $40m funding from 1 year ago.

With quarterly production near 10K (as reported in Q3), the step-change from 40koz/yr to 60koz/yr looks timely.

Well done ALTN.

[golden prospect] 06/12/2023 20:02

Looks like history to repeat with re-rate, but should be stronger
especially given 1 year on and $40m invested upgrading mining operation.

Growth plan well executed with rising selling price, doesn't get much better