Re: More Land
in response to
by
posted on
Dec 01, 2016 04:58PM
No worries...get the land before you announce the drill results....cheaper that way !!! I Suspect over the next 2-3 weeks we will see the first 9,500 metres....and they are already "continuing to drill" which tells me Dave P knows where he is going.
Yes, well gold will settle out...after Trump gets in and they realize...the Chinese are buying. I think Trump might dismiss it...then maybe not...he will get the U.S. to accumulate or re-accumulate as much Gold as they can.
Yes, the Shanghai exchange volumes are incredible for both kilobar gold and silver ! Note the rules...physical settlement must occur so volumes and trade dollars are calculated together. I see a 90-120 day delay between gold jumping up in price and Shanghai volumes.
Chinese = real physical delivery
U.S. = naked contracts ( 2 years of production in less than 12 hours on the COMEX )
Really!! well I believe the Chinese will announce they have XXXXX thousand tons...I think it will be north of 20,000...and they will back their currency... The U.S. could never come out with another type of currency...no one would believe it !! Thats why gold and silver will rocket !
Eventually the U.S. currency will default....has to...... can't pay the debts off. Not enough inflation to support the wages and subsequent tax base generated to pay it off. Just no possible.
It's a lot different now than it was in the 60's and 70's and 80's and 90's. We are so much more efficient all the "good" manufacturing jobs are gone!!
$ 10,000 dollar gold ...if the U.S. has 8,800 tons then ....256660800 ounces or $ 2,566,608,000,000 2.5 trillion
Prefer $ 50,000 gold wipe out 60 % of the U.S. debt.
Maybe one day ....soon some one will say...hey honor these contracts and the COMEX will scramble gold all the way up to $ 50,000 hmmmm that would be nice
GLTA
I have time
CT