Condor Gold Share Discussion Threads

[redprince] 09/3/2024 14:32

The most cynical poster on the red channel now claims that Jim has told him at Master
Investor conference that we are very very close!

[dexdringle] 08/3/2024 17:42

I know. This BB should have some sort of 'health warning beacon' to prevent new investors falling victim to its charms (no matter how well hidden those charms are) 🤣

[oldiegoldie] 08/3/2024 17:27

Sorry again, I was distracted for a moment because there was as a new poster on the BB. Will never happen again.
Seeing new people investing in CNR is like watching somebody committing suicide.

[dexdringle] 08/3/2024 16:01

"an offer for the land sale". You are funny OG 🤣

[oldiegoldie] 08/3/2024 14:07

Ah sorry I thought you talk about an offer for the land sale

[smackeraim] 08/3/2024 13:59

What you on about? I meant cleared the offer out on the book at 21.5p. Now paying over.

[oldiegoldie] 08/3/2024 13:02

Certainly not, the hypothetical offer is not for the company as a (w)hole but only for the main asset (—> asset sale)

[smackeraim] 08/3/2024 11:57

What's with all the reasonably decent trade sizes at mid price? Checking quotes seems someone may be clearing offer out

[dexdringle] 07/3/2024 15:18

The Church of St Nugget 🤣🤣

[zangdook] 07/3/2024 14:14

Condor hasn't explored anything for a while, except the possibility of a career in farce for Child.

[oldiegoldie] 07/3/2024 13:49

Not at all, I have actually made quite good experiences with semi-physical gold investments (ETCs).

But that was in the past, between financial crisis and “pandemic̶1;.

This was actually the time where interest rates went lower and lower, so owning gold was very positive.

Now the trend on interest rates has completely reverted, and productive assets will perform relatively better than unproductive assets like gold.

Anyway, I agree that Gold explorers are an even worse investment than physical gold, and this is why we are all here at the end.

[sharenotes] 07/3/2024 13:26

Is it possible that you are conflating poor investment decisions, particularly relating to gold exploration companies, and the merit of gold per se? Notwithstanding, it doesn’t really matter; I have enjoyed our exchange of views – have a good day.

[oldiegoldie] 07/3/2024 13:11

Indeed I am not anymore, but I was in the 0,5%.
I changed my opinion over time, which is quite rare (less than 0,5% of population are able to do that ;-)).

Getting out of the “church of St. Nugget” is harder than leaving Jehovah’s whitnesses

[sharenotes] 07/3/2024 13:07

I guess your are not in the 0.5% - and that’s fine.

[oldiegoldie] 07/3/2024 13:01

@ Sharenotes;: that’s a meaningless comparison, as wages have gone up etc.

It’s much more meaningful to compare how many hours (or days) the average man has to work for a piece of bread, a car, a house etc.

You will be surprised that the average wealth has significantly increased since 1914 and even more so since 1814

[oldiegoldie] 07/3/2024 12:57

Then the best is to move to Brazil, Russia, India or China …

The cookies for your UK data room will still have to be paid in £

[sharenotes] 07/3/2024 12:56

Dex,

Interesting insight (?):

The Bank of England inflation calculator:



£10 worth of purchasing power:

Compare the periods:

1814 to 1914 and,
1914 to 2014

What do you think?

[dexdringle] 07/3/2024 12:47

Given a choice between a 'gold backed' currency and a 'FIAT' one, I'll take the gold backed one please....

When Bitcoin is (eventually) exposed as the Ponzi scheme that it is we might see a significant 'return to quality' effect in the price of gold.

[sharenotes] 07/3/2024 12:28

The eastern or BRICS central banks represent a fair chunk of the world, no doubt. Notwithstanding, I think the BRICS angle is overplayed. Retail investors have minimal, if any, impact on the gold price. Historically, western banks were not incentivised to procure gold, Also, a rising gold price exposes or delivers a stark reality check on the true intrinsic value of fiat currencies. I have seen a quote somewhere that less than 0.5% of the general public are aware of one of gold’s main attributes and that is maintaining purchasing power. It’s possible that the 0.5% figure may increase, but I would not hold your breath. More significant drivers of the gold price are the truly outrageous debt burden and the growing geopolitical risks around the world. With regard to the latter, I can’t see a ‘turnaround217; any time soon.

[oldiegoldie] 07/3/2024 11:43

Well maybe you (and KITCO) should be more precise and say: “Eastern or BRICS central banks are moving into gold”.

Their underlying logic is certainly not to buy an asset for let’s say 2000 US$ and sell it for 3000US$ after a few years and be happy, as the typical me-and-you retail investor.

These central banks try to establish a new, gold backed trading currency, for which they are now buying the underlying asset, a painful process for them, in US$.

This is a totally different approach and it’s not said that a new gold-backed BRICS currency would do significantly better than US$. Unfortunately it’s not that easy.
The thinking man’s reasoning is rather that increasing rates will lead to gold becoming a less attractive asset.

[sharenotes] 07/3/2024 11:22

Central banks around the world seem to be moving in rather than moving out:



Working on the presupposition that they have access to info that is not in the public domain; it’s probably worth noting, at least.

[oldiegoldie] 07/3/2024 10:58

Smart money is moving out.
(There will not be any FED rate cuts this year, few people seem to have understand that yet)

[dexdringle] 07/3/2024 09:55

...and the price of our fantasy gold is approaching $2,200 per ounce. Which is nice.

[oldiegoldie] 07/3/2024 09:47

21.5p, which is significantly above the all time low!
What a great day for the true master breed of investors - congratulations to you all