Pan African Resources Share Discussion Threads

[ohno1] 03/6/2022 20:17

ZionKark and all his aliases filtered, cannot understand why ADVFN has not stopped this blatant fraudulent behaviour. A completely and disgusting human being.

[cinoib] 02/6/2022 18:03

Let's hope this rise in the gold price translates into share price rise tomorrow or whether it is just a Jubilee rally.

[stonedyou] 02/6/2022 16:46

Demand for American Gold Eagles Explodes.


Demand for American Gold Eagles exploded in May according to the latest data from the US Mint.

The mint sold 147,000 ounces of American Gold Eagles in varying denominations totaling 200,500 coins. That was a 67% increase from March.

So far this year, the US Mint has sold 661,500 ounces of American Eagles. For the year, gold bullion demand is up a staggering 617%. When you factor out COVID-19-related sales disruptions, bullion sales are up 400% over the 5-year average between 2015 and 2019.

A market strategist told Kitco News that the surge in demand for physical metal reflects growing investor anxiety bubbling under the surface.

Bullion sales better reflect the anxiety investors are feeling right now. When you hear economists talk about a recession, it starts to make sense why bullion sales are so strong. Gold will always be a long-term store of value.”

Peter Schiff has been saying the recession is likely already here.

I don’t think it’s going to be a mild recession. I think this recession is going to be worse than the Great Recession that started following the 2008 financial crisis.”

The mainstream doesn’t seem to have picked up on this yes, but the demand for physical gold may indicate at least some people are beginning to worry.

Institutional investors focus more on the futures market. As Peter noted in a recent video on gold’s recent performance, the mainstream still thinks the Fed is going to successfully fight inflation by raising interest rates and believes the central bank has the tools to get inflation back to 2%.

Rather than fearing inflation, they’re fearing the fight against inflation.” Schiff said. “Because how is the Fed going to fight inflation? It’s going to jack up interest rates. It’s going to have a tight monetary policy. In fact, it’s even going to start shrinking the balance sheet. It’s going to start taking money out of circulation — quantitative tightening. It’s going to reverse all of that inflation. It’s going to suck up that liquidity. And that is what is scaring investors out of buying gold and silver. They still have confidence in the Federal Reserve.”

Peter said faith in the Fed is misplaced, and he emphasized that the Fed is only pretending it’s going to fight inflation.

Because it’s also pretending the economy is strong enough to withstand the fight. It’s not. Even though the fight is inadequate to solve the inflation problem, it’s going to cause a big problem for the economy that is so levered up on debt.”

A senior commodities broker with RJO Futures told Kitco News that he doesn’t think interest rates can go too much higher because of the government’s massive twin deficits – budget and trade.

Gold futures are capped by rising interest rates, but people have been going out to buy the physical metal to have some ‘real money’ stashed away.”

[stonedyou] 31/5/2022 20:41

Central Banks Buying Gold Could Be Catalyst for $3,000 Gold Price.

Why Central Banks Might Send Gold Prices Soaring.

If you’re trying to figure out where gold prices are headed next, you can’t ignore central banks. They could be one of the biggest catalysts to take gold prices to $3,000 per ounce much sooner than expected.

Central banks have been buying gold for years, and it doesn’t look like they’ll stop anytime soon. Here’s the kicker: it’s not the major central banks that have been buying the yellow precious metal lately; it’s the smaller ones. The major central banks already own a lot of gold.


Central banks don’t make an announcement before buying gold for their reserves. They buy it first and announce it later.

Central banks’ actions have been speaking louder than words, saying they want more gold. They’ve been net buyers of the yellow metal since 2010. In the first quarter of 2022, they bought gold again, 84 tonnes of it. That’s a slightly lower amount than during the same period a year ago, but they remain buyers. (Source: “Gold Demand Trends Q1 2022,” World Gold Council, April 28, 2022.)

Egypt’s central bank purchased 44 tonnes of gold in the first quarter 0f 2022, taking its gold reserves to 125 tonnes. Turkey bought 37 tonnes of the yellow metal, so now that country’s reserves stand at more than 430 tonnes.

Over the past few quarters, India’s central bank has also been an active gold buyer. India added six tonnes of gold to its reserves in the first quarter of 2022, so its gold reserves now amount to 760 tonnes. Ecuador bought three tonnes of gold bullion from small, local gold producers in the first quarter.

The Bank of Ghana announced a gold purchase program in June 2021, with a goal of increasing its gold reserves from nine to 17 tonnes by 2026. Ghana’s central bank said it had purchased 600 kilograms of gold under that program.

Moreover, the central bank of Russia announced that it will resume its gold-buying program. In the past few years, Russia’s central bank has been one of the most resilient central banks in terms of purchasing gold. It bought gold no matter the price. The Russian central bank currently holds about 2,300 tonnes of gold.


Gold Price Outlook: If You Own It, Solid Rewards Might Be Ahead.

Dear reader, what central banks are doing these days when it comes to purchasing gold is grossly underreported in the mainstream media. It doesn’t get reported much because the gold market is considered boring, not like hot technology stocks or cryptocurrencies.

Central banks need gold as the world becomes more polarized and currencies get questioned. The yellow precious metal has a history of preserving wealth in times of currency devaluation and crisis. Central banks know this well. They hold a lot of currency in their reserves and will need a lot of gold to hedge against volatility. This will help gold prices get to $3,000 per ounce.

Given what central banks did in the first quarter of 2022, my stance on gold is as bullish as ever. Over the past few months, gold prices have held at the level between $1,800 and $1,900. There could be a solid base building, and I wouldn’t be surprised if, in a few years, we look back at these prices and say, “Wow, gold was cheap.”

[coincall] 31/5/2022 17:57

68.6m shares traded?? Trade 876 was 52m!

[bluemango] 31/5/2022 17:42

Sp movement suggests more likely a delayed buy.

[johnbull1] 30/5/2022 16:34

My guess is some update tonight or tomorrow morning. Fingers crossed for Mintails.

[cinoib] 27/5/2022 12:32

What's this then, some big fill order gone in, or what. As we are down against the gold price and that's not normal for Paf.
Later, I see 21 mill traded today so I suspect a buyback noyice on Monday, but we will see.

[cinoib] 20/5/2022 09:50

saint, This is great if you look at the results over the past you will see first rate management. I would like to think Aaz has bottomed, but untill production from the 3 new projects comes through, then I would have to say no there is still room for a tad more down, but that is your choice. Paf is delivering the goods and capital growth, look at the charts.

[saint in exile] 20/5/2022 06:45

This share looks great but surely AAZ has bottomed now?

[tidy 2] 19/5/2022 16:48

Yes bounced on cue 1800 and moved well today with the drop in DXY although that makes XUAGBP look less impressive, still its very nice. Bought over 24oz physical over last couple of days.

[cinoib] 19/5/2022 12:58

tidy, hope your right, well we seem to be rising with the spike in gold today while others are flat or still sinking. Pays to be in a well run miner. But try and tell some of them and they just laugh at you while they are counting their losses.

[tidy 2] 17/5/2022 10:58

1800 test was the turning point. Thankfully bounced.

[astjgroom] 13/5/2022 15:14

Proper rollercoaster at the moment

[cinoib] 13/5/2022 14:06

I herd from someone that 1650 could be possible for gold before the bounce comes. Then it would bounce quite sharply back over 2,000. Time will tell.

[stonedyou] 13/5/2022 12:21

Crypto is DooooooooooooooooooooooooooooooooooooooooooooooooMED.......



Coinbase Lets Users Know What a Bankruptcy Could Mean for Their Crypto
CEO Brian Armstrong says Coinbase isn’t headed for insolvency.

But company says customers’ money might get tied up if it does.


Coinbase Global Inc., like the rest of the cryptocurrency market, is having a really tough week. Not filing-for-bankruptcy bad, but the biggest US crypto exchange did just mention the B-word in a regulatory filing, giving its customers a painful reminder of how bad things could get for them if Coinbase ever does get seriously distressed.

In its quarterly report, Coinbase added a risk disclosure: if the company were to file for bankruptcy, the court might treat customer assets that the exchange is custodian for -- their Bitcoin, Dogecoin or whatever -- as Coinbase’s assets. And they’d be at the back of the line for repayment, forcing normal people, unaccustomed to the ins and outs of federal bankruptcy court, to claw back their money along with everybody else owed money by the exchange.

It’s a huge amount at stake. Coinbase was custodian for $256 billion of customer money on March 31, according to the filing.


Adam Levitin, a Georgetown University law professor who studies bankruptcy, examined this scenario in a February post on the Credit Slips blog.

“So what happens to a customer if an exchange files for bankruptcy? I think it ends very badly for the customers,” Levitin wrote. The insolvency proceedings would probably prevent customers from selling or exchanging their coins because of the so-called automatic stay imposed on creditors.

US courts have not yet dealt with the bankruptcy of a cryptocurrency exchange, and there are a bevy of open legal and regulatory questions. One thing is clear enough, though: if Coinbase users were to become so-called general unsecured creditors -- and the company’s disclosure says they might -- they’d likely have an unpleasant time.

[astjgroom] 13/5/2022 10:09

The dollar is killing gold. If it turns we'll be quids in. All depends on how well the Fed handle rates and the economy. At the moment they are at the pinnacle, but with rates tightening and QE being massively reduced their promise of high rates may start to fade, the elastic band will snap back on gold very fast to push higher, IMHO