Orosur Mining Share Discussion Threads

[rhuvaal2] 20/12/2014 17:13

Peeps here may beg to differ = I just know that the fiat currency system is becoming more unstable as each day passes. It is so dangerous when the media declares gold worthless (when it is exchanging hands for $1200 and after being corruptly beaten down). Should the metal have minimal use for some electronic or emotional pretty reasons then it would be valued similarly to copper: n'est pas ?

[augustusgloop] 20/12/2014 12:26

richgit,

in a World without rapid communications and computers - a form of money that was regarded as secure and immediately verifiable was necessary = gold and silver.

In the Modern world, the bits of paper no longer need to be backed by a real asset.

Gold is no longer required.

Banks accept payment in pieces of paper, without worrying about if the issuer of these pieces of paper holds gold or not.
Shops accept payment in pieces of paper.
Individuals accept payment in pieces of paper.
Countries accept payment in pieces of paper.

They even all now accept payment in virtual pieces of paper (electronic transactions).

Gold is no longer part of the equation.

The only way that gold ever becomes a currency again is if the entire World Order breaks down.
And I can guarantee that at this time - bullets and rice would be worth far more than gold.

[richgit] 20/12/2014 11:17

OMG

I have just read the summary by Paul Craig Roberts`s -"Black Swans".

What have the War freaks unleashed in potentially devastating stupidity from trying to treat Russia like Iraq or Libya !!?

It`s about time the West backed down from this nonsense for all our sakes.

The west had better start supporting the Ruble !!


We don't want to see Gold at $10000 and utter collapse,and thankfully, so far,
neither does Putin,yet do the idiots in the US and Europe consider that if Putin
was as vengeful and stupid as they are He could destroy the West - and not a missile fired ?

[richgit] 20/12/2014 10:58

jwe.

You will open your eyes one day,or have them forced open.

If you think this financial warfare doesn't include the World`s 6000 year
currency/money then you are in denial.

You have to look back to the reasons the Gold standard was put in place,and
why the West fears those reasons becoming so apparent as the US gave up the Gold standard so they could print....print....print....print...debt !!!.

You may not agree with the 6000 year Barbaric asset-yet as it stands-there is no
other Paper Money/currency asset that can compete when we wonder which ones are going to disappear or be printed/devalued until they become quantum foam.

You stick to $Dollars and watch for the days an ounce of Gold will buy $2000
-$3000-.$5000........ more !! .

It buys many times what it bought since $250 and that is with all the manipulations taking place.

The game plan is China will control the Gold,which can never be printed to
infinity- similar say -to owning the real Mona Lisa.

Nothing goes up forever- yet Gold has a good 10 years ahead,and being involved
when it becomes truly obvious they can no longer hold it down,is the only game in town.

There are now dangers they are selling Gold to China without truly knowing
who may own it. Not China`s problem !!

[jwe] 19/12/2014 20:48

It has been rumoured that Russia is trying to offload gold to cover itself.This is not an unreasonable assumption given its predicament.It has some respite in the last few days but will that last
I find my self in the unusual position of agreeing with Richgit on one thing anyway.I view in probably that the drop in the POO has been engineered to hurt Russia.Unfortunately that is where it stops
He really is the most deluded individual i have come across,the whole financial system in his eyes seems to revolve around Gold!!Really?????Just plain bonkers

[augustusgloop] 19/12/2014 20:21

What good is Russia's gold now?
The economy is tanking.
Within a year many businesses could go bust.
Unemployment will rocket.
Political unrest.

Russia's loans are in dollars - they need dollars desperately.

But if they sell enough gold to cover even a fraction of what they require, the POG will plummet.

----------------------

And that's why China puts the vast majority of its assets into dollar dominated bonds - and only a small percentage into gold.

[rhuvaal2] 19/12/2014 17:16

"The Western economic establishment can see and understand the essence of the situation. Leading Western economists are certainly aware of the severity of the predicament and hopelessness of the situation the Western world finds itself in, in Putin’s economic gold trap. After all, since the Bretton Woods agreements, we all know the Golden rule:“Who has more gold sets the rules.” But everyone in the West is silent about it. Silent because no one knows now how to get out of this situation.

If you explain to the Western public all the details of the looming economic disaster, the public will ask the supporters of a petrodollar world the most horrific questions, which will sound like this:

– How long will the West be able to buy oil and gas from Russia in exchange for physical gold?
– And what will happen to the US petrodollar after the West runs out of physical gold to pay for Russian oil, gas and uranium, as well as to pay for Chinese goods?

No one in the west today can answer these seemingly simple questions.

And this is called “CheckmateR21;, ladies and gentlemen. The game is over".

The above article was translated by Kristina Rus

[richgit] 19/12/2014 13:28

Elban,

As We are in fantasy mode, my fantasy scenario....

If in fact the conspiracy with the IMF and US is to ensure China has its required - more Gold than supposedly exists in the West and that supposed 8000 tonnes in Fort Knox -then the way to possibly speed it up.......

Slam Paper No Gold down to $800 and hope to spring mega tonnes from the ETFS
and send it all straight to China.

Then pay out all owed in Paper Gold at the engineered $800.

Then when soon after the game has been concluded- Gold accelerates to $2000 at which point all the Western central Banks will declare how their leveraged assets have improved due to Gold soaring, and all claim they still hold their Gold.

Then China shocks the World by announcing Gold holdings a multiple of what
the World has been misled to believe ,in preparation for replacing the $Dollar.

We really have to see what many are telling us,and that is the US liabilities
are circa $130 Trillion (pensions etc etc etc ) plus the current $18 Trillion
from a Business that has produced losses for some 50 years !?.


The US would have to soar in mega profit production from their declining GDP
to even start balancing the books, yet they are still printing the yearly deficit and nowhere near even break even as a Business.

Then imagine the costs of a higher interest rate.

Any accountant would declare that currently impossible, and if it was you or I
tell us to declare insolvency- NOW before facing a potential prison sentence !!!

Whilst they can print more insolvency, with the World`s reserve currency, they can merely postpone the inevitable, as the US will be in even more debt in 2015
yet the World isn't going to allow another 50 years of just hiding the deficits with printing !!.

The Dot Com era ran longer than most imagined,so who knows how long this can run-yet the end game just gets worse and if faith becomes lost in the $Dollar-at any point- the end game looms.

China and the East will have the Gold, so do not discount the long held belief that whoever truly controls Gold - is in control.

Warheads are not the power any more-as we are drowning in excess of them.

[augustusgloop] 19/12/2014 12:28

China will collapse!

No doubt about it.

Everything the West did wrong to cause the bust - China have done in excess.

[richgit] 19/12/2014 11:34

This circa £8 Million valued Company is surviving the worst the Gold Cartel
can currently impose.

Everyone has their conspiracy theories about Oil,and for my 2p`s worth I think
it was manipulation via the US to hurt Russia- yet it got out of control and
the US shoots itself in the foot again !!

I noted a comment from Opec whereby they suggested it wasn't` for them
to support plunging Oil prices- but for those that created the situation !!!

Those immense Oil debts and write offs are going to rear their head,and now most exploration budgets are being slammed shut.

I can only imagine the repercussions down the line could be higher Oil prices
than we were ever facing -yet this is the World of kick the can down the road
until it falls into one of those many gaping holes.

China gets all the Oil it wants to collect at bargain along with Gold,Silver
etc etc,so they sure seem to be setting up China for the World`s reserve currency faster than imagined,as the IMF declares China as the World`s biggest economy.whilst Russia has 12xs the asset backing of the US.

Do we really know what is being set up and what the plans of the IMF & the $Dollar are behind the scenes.

The last leveragable asset remaining is now surely Gold,as We wonder how China,
with or without the help of the US,is going to get a few thousand tonnes more.

[richgit] 17/12/2014 22:48

So we have the meaningless wording changed from "considerable time" to
"patiently (considerable) time"

That is as clear as Fog, as the Greenspan lingo is the only language for
the Fed - which Mr Draghi has taken lessons from.

Everyone has their spin, as Yellen thinks the Gasoline savings will be spent
in the shops -whilst Goodyear says people will simply do more driving and wear their tyres out.


So where will they bury the immense losses in the Shale Oil game?

[richgit] 17/12/2014 12:24

In all the years of following Gold,I have certainly witnessed Gold rising
along with the $Dollar.

We would naturally assume strength in the $Dollar if they ever increase interest rates...However an interesting piece from Sovereign Man.

Reality catches up at some point.....



Soveriegn Man

"The Dollar versus the Ruble, a very interesting comparison.


December 16, 2014
Castries, Saint Lucia

Last night, the Russian central bank announced a shock decision to hike up its key interest rate from 10.5% to 17%, effective immediately. Incredible.

On Monday alone the ruble declined more than 9% against the dollar, and almost 50% in 2014. It looks like a massacre.

If you listen to conventional financial news, they’ll all tell you that you’d have to be insane to own anything in Russia right now—stocks, bonds, currency, etc.

They’ll tell you that the ruble is in freefall, and that the dollar is the place to be.

But if you have been a reader of this column for any length of time, you know that I am a very data-driven person.

So… just for kicks, I decided to dive into the numbers and make an objective comparison between the US dollar and the Russian ruble.

The results might surprise you.

First of all, I start off with the premise that ALL paper currencies are fundamentally flawed.

Our global monetary system is absurd—the idea of letting unelected central bankers conjure as much money as they want to out of thin air is simply insane.

But it is true that some fiat currencies have better fundamentals than others. And if you want to understand the health of a currency, it’s imperative to look at the ISSUER of that currency, i.e. the central bank.

As with any bank, one of the most important metrics in determining a central bank’s financial health is its level of solvency.

Specifically we look at the bank’s capital (i.e. net assets) as a percentage of its total balance sheet.

The US Federal Reserve only has a basic capital ratio of 1.26%. Talk about razor thin. (This is down from 4.5% just a few years ago)

That means if the value of the Fed’s assets declines by only 1.26%, the issuer of the world’s dominant reserve currency becomes insolvent.

Now, what happens to the liabilities of an insolvent entity? They decrease in value. Just like how Greek bonds (the liabilities of the Greek government) collapsed a few years ago.

What are the Fed’s liabilities? Open your wallet. Those green pieces of paper aren’t ‘dollars’;. Just look. They have “Federal Reserve Note” (i.e. debt) printed on them.

So the Fed’s pitiful financial condition directly affects the value of the dollar over the long-term.

On the other hand, the Russian central bank’s ratio is 12.5%—literally almost TEN TIMES GREATER than the Fed.

Capital cushion is crucial because when the unsuspected happens, this is what can help keep you afloat. "

[rhuvaal2] 16/12/2014 17:41

Is this right? Comex to allow free-fall in POG: yet singular upward steps @ $100 a time ~ silver likewise @ $3. Must mean things are near to bottom, or, they are getting SH-one-T scared right now.

[richgit] 15/12/2014 09:11

The paper Gold shorts are seemingly confident the US will raise
interest rates.

I daresay they do not have the money to pay any higher interest on the debts,so
assumedly at some point will just print more and more debt,as the addiction
the US cannot possibly face rehab

Will it just be the usual - "may do " with eventually those asking when that train is ever going to arrive- simply resigning themselves to the idea it has been derailed.


In the past the UK would have forced up interest rates,and taken the many months
of extreme pain to get the economy back into shape,yet can any of us pay the interest rates on these Lehman style debts and ever reduce them ?

Regrettably- I think not in any of our life times,so it seems debt to hell
until some new financial system is the end game!!

God bless America and all the inept lunatics that that sailed with Her. !!

[richgit] 13/12/2014 19:27

Elban

I am sure you wont miss out on what will be at least a 10 year upside
for the Gold currency that simply cannot be multiplied overnight,or be subject
to a default.

In the case of OMI,a Company valued at less than its Diggers suggests it
could be explosively repriced when Gold is,and then moreso when more realise
that Gold is going to break out upwards for 10 years (or far longer)



The answers to that scenario will not be foretold by T+merchants and their
10-30k trades,so we wait for next 1Million shares traded for real clues.

If the only ones we can take stock from are the badly timed and hapless T+ merchants- then there could be quite a fight coming.

[augustusgloop] 12/12/2014 23:43

richgit,

If China held all the gold in the World - what would it matter as long as the mines keep producing 3 times what industry requires?

It would matter about as much if they owned all the cans of asparagus soup.

[rhuvaal2] 12/12/2014 21:30

Yanikto ~ not sure your R&R is doing you any good :)
We're all entitled to our own opinions but I disagree with your likely scenario of the financial world as you see it today.
I don't wish to enter into a diatribe with you or anyone else yet I shall watch forthcoming events with much interest.

edit: of course I am not speaking for richgit:

also, best wishes to you and other readers for happy times over the holidays ahead.

[yanikto] 12/12/2014 15:49

Richgit,

I've lived through the collapse of capitalism 6 six times in my life time. I survived the Y2000k scenario, the end of the world on Dec 21, 2012 etc.

I guess we will survive the trillion zillion paper dollars coming to send us back to the stone age.

Why do you live in such fear? You should do what the Russian peasants do. Have a Dacha with an allotment big enough to grow enough potatoes, vegetables and fruit to feed your self. Make sure you own your dacha outright and have enough firewood.

Then as far as you care, the world can go to pot drowning in paper dollars and the Chinese can have every single gram of gold in the world.

[lightfield] 11/12/2014 09:08

o/T AFR on the rise.

Got to be one hell of a bounce coming there from 35p levels. Oil up and dow futures up.

AFR is well well oversold from £1.70 levels.

[yanikto] 10/12/2014 15:15

There is a difference between Gross Derivatives position and Net Derivatives position.

By definition the Net derivatives position should be Zero, if someone has sold a derivative, someone else owns it.

So I'm a bit relaxed about this trillions in derivatives.

I don't think I agreed that we live in a period of insanity though. But there have been a few asset bubbles, and there will continue to be asset bubbles. Over the past decades we had, property, dot.com shares, shares in general and gold is still unwinding from its latest price bubble.

One of the reasons inflation hasn't taken off with all the money pumped into the system is that Banks have had to raise huge amounts of capital and cut back their balance sheets. This has acted as a reverse multiplier and sucked liquidity and cash from the market.

Most banks are better able to withstand a crisis than they were 6 years ago.