Randgold Resources Share Discussion Threads

[chinese investor] 30/11/2016 11:32

I keep a modest several kilos of the physical stuff at my Sutton Barratt terraced house !

[gilesgraves] 30/11/2016 11:17

Yep come on guys this bickering is boring. Lets concentrate and share useful info in order to make money.

[keylifeskills1] 30/11/2016 10:55

For goodness sake, enough of the juvenile bickering & foul language! Please leave your quarrels & perceived differences at the door as between you, you're ruining this thread.

[professor pettigrew] 30/11/2016 10:49

They are all filtered dstorey1. Just a bunch of scum in my book.

Anyhow, they will be ignored forthwith.

[dstorey1] 30/11/2016 10:30

PP just filter and move on, board under threat of becoming irrelevant. Plus info you provide is informative minus responses.

[michaelsadvfn] 30/11/2016 10:19

How many kilos of physical do you possess Prof? 400? 500?

Couple of tons perhaps?

Just wondering like.

[professor pettigrew] 30/11/2016 09:55

Exactly - that's the whole point of buying and keeping the physical.

By the way, the cost of extraction for RRS is around $850 per oz, not the $1,000 oft quoted, so you can see how highly they are geared to the gold price.

$1500 gold would double their profits per oz.

[dstorey1] 30/11/2016 09:27

Would never declare gold/silver holding in my personal possession.

[professor pettigrew] 30/11/2016 09:25

Precisely bonio1000. That's the beauty of gold, it's portable and easily liquidated.

Topicel - gold ALWAYS holds it's value over the longer term.

We are at the beginning of a stupendous bull market which will see it over $2,000 at the very least.

I have two forecasts. 1. Gold will pierce %1500 and 2. RRS will be £100.

Both by next summer.

[bonio10000] 30/11/2016 09:19

Okay - the mythical gold holder with £1m in a vault then.

not the real life £50k to £100k in coins accumulated over a period which nobody in their right mind would bother declaring, as they cannot be traced.

[topicel] 30/11/2016 09:16

Bonio, I assume you haven't heard of wills and inheritance tax law?

If someone dies they need to declare their assets. Or are you talking about the stash buried at the bottom of the garden that nobody really has? Certainly not if you have a nomadic intention. Rather heavy and obvious to thieves.

A few coins are not the issue. Anything in a vault is owned by the owner and not easily transferable, well, not unless you're in Switzerland perhaps and even then things are changing...

Topicel

[topicel] 30/11/2016 09:11

Also Professor, your other link about John Allison has the man himself stating he could see no way that the US would peg to gold standard.

Again, don't get me wrong but mostly these links are talking their own book and the reality is often inbetween. My belief is that Allison's appointment would be great more for the attitude to the Fed's future. And even then it implies interest rates need to move up faster than is good for gold...

Topicel

[bonio10000] 30/11/2016 09:10

Why would you liquidate gold for inheritance?

If you have gold coins and have declared them on your IHT - you are mad.

[topicel] 30/11/2016 09:08

PP - sure investor says this:

You should welcome a drop in the price of gold because it offers the opportunity to buy more at a lower price. If you are trying to buy gold to make a short-term profit, don’t do it. That is not why gold is a good investment. Gold is a good investment because years from now it will be worth a lot more than it is worth now – because the dollar bills in your pocket will be worth a lot less than they are worth now. Clear?

Well tell that to people who bought gold in 2011 and see it down almost 50% in said devalued paper money! Should you have bought any gold coins/bars then and needed to liquidate for life reasons - say inheritance - then said value in the real world is not gonna have been worth it. Aside from storage and holding/opportunity costs the purchasing value is more than half below those peaks in five years.

Ok, not generational but we are apparently in a bull cycle! And five years is still five years. So while that link is great for those buying now, assuming the price of PM does continue to rise and not fall back below 1,000 as links to the negative would also tell you, it isn't a certainty to be a wise investment depending on what life throughout at us!

Just saying.

Topicel

[michaelsadvfn] 30/11/2016 07:56

And another one, another decent thread ruined by Pettigrew's filth.

I believe my name will be highlighted with a '*' when the list is published...

Professor Pettigrew 29 Nov '16 - 19:26 - 1246 of 1246 0 1 (premium)

By the way "michaels" you scumbag - you're not welcome over the Randgold thread...

[professor pettigrew] 29/11/2016 18:14

And yet another one.

All filtered by me ages ago. I suggest all proper educated posters here do the same.

Filth.