Kefi Gold And Copper Share Discussion Threads

[jlwilliams] 21/7/2020 13:02

I love coming to look at this board several times a day... this is going to be hellish dull here now for, what, 3 months....... ergh.

Meanwhile I play around with my theoretical exit strategy... lol

[taxlosstone] 21/7/2020 12:45

chopper .... Harry's told us that the dosh will be in by October. I know the past is no guide to the future but when has Harry even met a target date, let alone been early with it? :-(

estseon .... there, I'm keeping my end of the bargain re whingeing. Where's your next pearl of wisdom? ;-)

[chopper harris1] 21/7/2020 12:27

Needs some positive news on funding. Clock's ticking, despite price of gold and new appointees to the BOD with experience in this and that.

The first tranche should really have been sorted by now.

[topicel] 21/7/2020 11:20

Steady, nose bleed coming on now...

Like 1812, let's be properly done with 1.8p. No hanging about ;)

Topicel

Ok divmad, if there is a historical price for 1980 in pounds, what was it please?

However we cut it, the dollar and the pound are no longer attached to gold or silver prices and are entirely FIAT so they are equally diluted over time. That $50 price in 1980 for an ounze of silver would have an exchange rate equivalent and a current day buying power value too.

It shows what is happening, can happen, will happen. We are awash with all currencies and just printing more and the masses never get first use so it is diluting what little they already have. 3% for the doctors, nurses, teachers etc. Yeah, that'll do it!

And I see one great first user, UBS, are contemplating a share buy back this morning...

Topicel

[divmad] 21/7/2020 10:58

There you go. Chards quoting £16.02 an ounce of Silver spot. First time I've seen that threshold broken.

[divmad] 21/7/2020 09:40

I live in the UK. That's what is relevant to me and my purchasing power.

[topicel] 21/7/2020 09:23

And anyway, as divmad said, the FIAT currencies are not money that is worked for. It is just computer screen clicks these days and, hey presto, it is like Harry has pressed the dilution button here!

You know how that feels, don't you? Well multiply it by any magnitude you can think of and tell me it is a measure worth considering valuing anything against...

Topicel

[topicel] 21/7/2020 09:19

Goatie - the dollar has weakened in purchasing power. I can't believe you posted 5028 in all seriousness?!

Topicel

[topicel] 21/7/2020 09:18

Agreed about the gold bug scenario and types Goatie. They are potentially another stopped clock scenario, except in a yearly version, right twice every 24 years!

However, when they are then certainly PMs can take some serious bids. You will no doubt recall the Bunker-Hunt days in the late 70s into 1980 when silver went crazy and almost touched $50 then!

I mentioned last week as it moved into $19 that it was time to take some silver and I wished Kefi had some in the ground - well, in significant quantities anyway. It is already $20.28 I see...

Imagine that $50 inflation adjusted for today, should it be repeated. But therein lies madness, so overall I take your point.

Topicel

[goatherd] 21/7/2020 08:59

Divmad,

Please remind me, when was the all time $ high in gold? Some years ago, I think!

So it has gone DOWN since then.

[divmad] 21/7/2020 08:20

You don't have to be a gold bug to observe the price of gold in GBP advancing over 1 year, 5 years, 20 years or 50 years. It is a statement of fact that is bound up in the false prosperity of fiat money.

[scars] 21/7/2020 08:19

2000 is certainly feasible in the current climate, stock indexes still looking over valued relative to income and could be a flight at any time.

[goatherd] 21/7/2020 08:16

duplicate - sorry

[goatherd] 21/7/2020 08:16

There are always predictions of vast increases in gold prices. These are often made by people called "gold bugs", who have vested interests. They may be right, but are very often wrong. Also often driven by conspiracy theories.

I do not think they should play any part in investment decisions. Sorry to be a dampener!

However I accept there are some good grounds for expecting increased gold prices at the moment

[topicel] 21/7/2020 07:54

Good morning and thanks again to all.

1812 seems to have played out its blooming overture now! The 2001 (Space) Odyssey is underway and as Estseon mentions there are plenty of market reasons for that to be a reality sooner rather than later too.

It could well be $2,500 imho, which will be a wonderful thing for those with a mine in construction...

Now, let's be having that 1.8p in the rear view mirror!

Topicel

[neilng] 20/7/2020 22:38

Gold prices predicted to hit record highhttps://www.telegraph.co.uk/business/2020/07/20/gold-prices-predicted-hit-record-high/?WT.mc_id=tmgliveapp_androidshare_AvqCQhszD78b

[estseon] 20/7/2020 20:38

Tops,

If you believe that the talks with the EU will result in a deal, wait for the bounce of GBP upon that news. Otherwise, gold seems to be consolidating at around this level and pundits expect to see it launch off again. The US election is in November and the uncertainty will build in all likelihood - the market has plenty to worry about. Have a look at BullionVault 1 oz Britannias are also CGT exempt. The premium on the Britannia (over bullion) seems to be about 9%. Unless you want to hide the coins in the house or garden, the bullion will be the better bet and sod the CGT benefit unless you see gold appreciating above about $2,500 or current GBP equivalent.

[jlwilliams] 20/7/2020 18:22

Happy to give links to silver boards on FB if anyone wants

[topicel] 20/7/2020 16:45

Thanks JLW, Divmad and digger.

Plenty of food for thought there and my first take away is I'll be doing the researching and probably the buying as it looks easy to be taken advantage of if you have absolutely no idea...

Second, avoid the RM to get better deals. And maybe stick with gold coins, sovereigns?

I did like the legal tender for court costs digger - sounds about right...

Topicel

[divmad] 20/7/2020 16:44

JL Williams, I'm not on FB but I sure would like to know how to buy silver coins in BU condition without paying vat. The only way I have discovered so far is through Chards' Pre-Owned Special Scheme.

[scars] 20/7/2020 15:48

2p tomorrow.... cross everything!

[mister md] 20/7/2020 15:44

interesting price action from 15:40, a few ATs caused the ask to spike to 1.8 again ?

[jlwilliams] 20/7/2020 13:29

divmad...first there's no need to buy from the mint and pay vat. second, yes, there is a "premium" if you want to call it that, but the coins hold their value fine (given the price of silver is stable). The FB groups are excellent, and some guys organise bulk buys from mints at virtually no mark up, saves a lot.