Golden Prospect Precious... Share Discussion Threads

[oooff] 18/1/2021 22:18

davebowler - Would prefer a PGM miner ETF or fund like GPM to spread risk. Rhodium is around 100 times rarer than gold. Just over 20 tonnes are mined each year. Works out to about 800 and something thousand people could each buy a 1 troy ounce bar each year without any industrial demand. Probably more scarce than bitcoin.

[davebowler] 18/1/2021 15:19

hTTps://www.investmentweek.co.uk/news/4025944/russian-firm-mining-company-launch-metal-etcs?

[davebowler] 18/1/2021 14:32

oooff -I presume you've looked at Sylvanian Platinum and Tharisa then??

[noirua] 18/1/2021 13:54

NAV = 61.20p Share Price 52p (discount 15% to NAV) Offer price 53p (discount 13.3% to NAV)

[podgyted] 18/1/2021 01:02

As I watch the Oz shares are down quite a lot tonight/tomorrow morning. WAF - 4% WGX - 2% CAI - 5% Bed time - hope its better tomorrow.

[podgyted] 18/1/2021 00:38

Might well get to below 50p without the discount widening. Gold/Silver shares definitely out of favor currently.

[podgyted] 18/1/2021 00:33

Not looking good in Oz tonight so far.

[ultrasharp] 16/1/2021 15:10

hTTps://moneyweek.com/investments/alternative-finance/bitcoin/602605/bitcoin-fools-gold-or-the-new-gold

[noirua] 16/1/2021 00:50

Hopefully, there will be a chance to get back in again below 50p if the discount widens again to near 20%. Max Kaiser sees Bitcoin at $220,000 in the fall of 2021. Hasn't said what he is holding in Bitcoin but probably in excess of 5 billion dollars as he was around in the market in the 10c days.

[podgyted] 15/1/2021 23:45

Bad night in North America. When they report on NAV on Monday it will be the 7th straight day of falling value.

[oooff] 15/1/2021 17:31

Max Keiser recent tweet saying if bitcoin gets to $200000 will buy gold and bust the gold market [...] Bitcoin getting slammed. I bought a chunk of GPM in 2016 @ around 20p. At same time I was buying 1 ounce Rhodium bars for just over £700 with VAT. Rhodium now £150000 an ounce ex VAT. No futures contracts with Rhodium unlike Gold. Shows what could happen to Gold if bullion banks loose control of paper futures Gold market.

[diamond1] 15/1/2021 11:11

Bought into these yesterday ahead of the Biden stimulus announcement, which was actually a little disappointing. Stimulus payment to Americans topped up to $2,000. Add that to his likely spending plans, (Infrastructure etc..) it could be just the first of several packages. All good for Gold.

[ultrasharp] 15/1/2021 09:59

hTTps://www.theguardian.com/us-news/2021/jan/14/joe-biden-coronavirus-stimulus-package US$1.9trn Biden stimulus package MUST BE GOOD NEWS FOR THE GOLD PRICE!

[atlantic57] 15/1/2021 09:51

hTTps://www.sprottmoney.com/blog/Stimulus-on-Steroids-Cometh-David-Brady-Jan-14-2021 Interesting Balanced article

[arbus5000] 15/1/2021 08:11

its a chance to hoover up more. any ideas on recent portfolio changes at GPM? did they buy anything interesting with the new money?

[podgyted] 14/1/2021 23:14

Still our underlying shares fall. Estimate NAV of less than 63p tomorrow.

[atlantic57] 14/1/2021 18:30

Thanks for the posts I have my own ideas but it is helpful to get other peoples views

[12string] 14/1/2021 17:52

@ atlantic57 "What do folks think will get gold moving ??" In a word, INFLATION! Here's a good article https://www.bloomberg.com/opinion/articles/2021-01-13/inflation-is-coming-to-the-u-s-and-the-fed-could-be-in-a-bind?sref=veKJ13y1

[davebowler] 14/1/2021 16:55

Hyperinflation of Dollar predicted by Max Keiser -HTtps://www.youtube.com/watch?v=xiY1oaDRTos

[toffeeman] 14/1/2021 16:31

A catastrophic decline in Bitcoin

[atlantic57] 14/1/2021 16:27

It is good to have constructive discussion ! i am surprised that gold continues to trade at subdued levels and the miners even more so. The market for crypto currencies is tiny compared to gold so i don't believe that is a valid excuse. i won't trot out the usual reasons why gold should be going up. What do folks think will get gold moving ??

[arbus5000] 14/1/2021 12:48

EWT is useless and more so given the illiquid nature of GPM. What 1-5 or a-c wave was it on the run up to Nov-30? The answer's neither - its movement was related to the expiry of the sub shares.

[ultrasharp] 14/1/2021 11:26

IMO the GPM chart is still bullish. We had the 3 up waves of a short term Eliiot Wave Cycle that started at the end of November and carried on into January. We are now experiencing the a/, b/ & c/ corrective phase of that Elliot Wave cycle. We've already had the a/ & b/ (down for a/ and a smaller rise for b/) now we have another small downward corrective movement, c/

[noirua] 14/1/2021 11:01

It looks as if some delayed sales of GPM have gone through to lower the price to 56p - 58p. A few tipsters have knocked the present discount that is looking now on the low side. If the gold price and bearishness in shares across the pond continue the price at 57p mid looks vulnerable. Gold looks good for an eventual steep rise but Bitcoin is back over $38k and should go to $47k in the very short term IMHO.

[noirua] 14/1/2021 10:54

The European Central Banks days are numbered in the view of billionaire Max Kaiser an investor in Bitcoin and gold. Of all the government banks they are affected most by cryptocurrencies. They are sticking firmly to the supply of euro notes and coins. Https://www.ecb.europa.eu/euro/html/digitaleuro.en.html