Scotgold Resources Share Discussion Threads

[plasybryn] 16/11/2020 10:05

Just 11 working days left in November. First Gold pour so close now. We still seem well under the radar which is great in my book.

[henrik1967] 15/11/2020 19:21

Worlds biggest hapless loser. Why don't you go for Cummings job, you have all the qualities required and the experience.

[steelwatch] 15/11/2020 19:07

Wells Fargo told Kitco News this week that it is not ruling out gold hitting $2,100 an ounce by the end of the year and then climbing to $2,300 in 2021.

[steelwatch] 15/11/2020 19:03

One way to lose one's shirt:

[pr100] 15/11/2020 18:58

World's biggest gold importer reports steep 47% decline from $17.6bn to $9.2bn in April-October 2020 period…

[pr100] 15/11/2020 18:47

""Market pundits like Peter Schiff are looking quite foolish now as the market recognises Bitcoin is superior to gold as a store of value.

"Gold is not absolutely scarce like Bitcoin, so its use as a store of value is now permanently in decline against Bitcoin"."

[glenalmond] 15/11/2020 11:25

Yup, cheers steel. Also for the other stuff 👍

[plasybryn] 15/11/2020 07:02

Thanks for posting. Look at those numbers in 2023. Nice

[wisteria2] 14/11/2020 18:10

Henrik1967, thanks ...was thinking would be nice as a gift for my son and daughter, being home produced would hold more value.

[henrik1967] 13/11/2020 17:24

Hapless guy just keeps jumping on the hook , whats up Bentley broken down

[pr100] 13/11/2020 17:03

"One of the most interesting things happens with the gold price – it is being dumped as safe-haven. However, while that is nothing new when the end of a recession is in sight, this time is interesting because the dumping comes against another safe-haven asset – Bitcoin…

"…Since PayPal announced the introduction of cryptocurrencies in its online payments platform, Bitcoin never looked back. It jumped from $10k to $16.3k at the time of this writing.

"But the gold price reacts closely to the stock market moves and developments within the economy. The decoupling between the two alternative investment assets seems to increase as more and more investors favor Bitcoin instead of gold as a hedge against inflation.

"The last one to support and endorse Bitcoin is Stanley Druckenmiller. In a recent interview, the legendary investor said that he fears inflation coming up in the United States in the next five to six years and Bitcoin as a store of value makes perfect sense.

"In the meantime, while the price of Bitcoin advances, the price of gold trades with a bearish tone. This must come as a shock to “gold” fans, but two bearish technical patterns point to a move below $1,700. One is a bearish pennant and another one a head and shoulders. In both cases, the invalidation for a short trade is at $1,890, provided bears wait for a break at $1,850 first."

[steelwatch] 13/11/2020 17:02

"Why We’re Still Long Gold"

(requires some scrolling to read the entire article)

[henrik1967] 13/11/2020 16:38

Steelwatch, that makes the bitter guys comments look hapless and underlines his self confessed agenda.

[steelwatch] 13/11/2020 16:23

Gold more attractive to central banks than ever despite Q3 sell-off

The Covid-19 pandemic has led to 23% of central banks viewing gold as a more attractive asset, while the remaining 77% responded that their view on gold had not changed, according to a report carried out by Central Banking and Invesco.

Central bankers typically expect bank gold holdings to increase over the next 12 months, with no respondents expecting a decrease and purchases on the global market being the most popular means of obtaining gold.
Reserve managers cited ‘diversification’ as the most relevant factor for holding gold.

Aside from central banks, investment demand for gold has been huge this year as investors still see bullion as a key safe-haven, with year-to-date flows into gold-backed ETFs amounting to 1,003t by Q3 according to the World Gold Council.

Further uncertainty surrounding Covid-19 along with central banks reaffirming their appetite for bullion indicates prices are going to be well-supported going into 2021- with many economists predicting that the economic fallout from Coronavirus is going to be most felt in Q2 2021.

On the supply side, social-distancing at mine sites and refineries along with full blown shutdowns at others is a possible scenario if further waves of Covid-19 flare up in areas.

The total supply of gold fell 3% YoY in Q3 to 1,224t- despite the 6% growth in gold recycling in the quarter.

[henrik1967] 13/11/2020 15:25

wisteria2,
You could always ask but I think you may well be told to get in line. The two Jewellers
that took the Scottish Gold produced from the BPT will have the first years production of Scottish Gold produced on site , app 2-2500 ounces and the will be paying upwards of 30% above spot Gold .The rest will be shipped off and sold in concentrate

[plasybryn] 13/11/2020 12:27

Thanks steel watch.

[steelwatch] 13/11/2020 12:26

Plas - contains link to slideshow only at present. Still looking for the video...

Here's the direct link

[plasybryn] 13/11/2020 12:21

Is that link suppose to get us to the presentation? I didn't find it! Perhaps it is me.

[wisteria2] 13/11/2020 09:38

I wonder if shareholders would get a shout @ buying Scottish gold at spot prices !

[henrik1967] 12/11/2020 17:40

Dibs61, Why bother with the guy who has openly admitted why he is here .
The guys agenda is clear."And" his game is to post a link with a little bit to back him up but if you dig a little further it just makes him look foolish but as the guy has proclaimed he doesn't care what is thought of him .

[pr100] 12/11/2020 09:26

One day you will learn to ignore forecasts from gold bulls and listen only to unbiased commentators.

Somehow the folk who rely on the gold price for their livelihood always find a boom scenario just around the corner.

Log out of the ecosystem and try the real world.