Morning all,
relates to us broadly because my guess is that we will be a producer in a couple/few years -- so, crystal ball gazing may well be worth it.
I thought this was of interest because people are putting their money on the ground -- High value clients --
it's only a tiny bit in an article, easily overlooked unless you own a probable gold producer - I could be wrong - but, these numbers for gold investment 'changes' from high nett worther's are pretty interesting IMO.
To me - timing wise - it might be just a reaction to the global political situation atm - but, there's always something bad going on there. It could also be just some wash down from bonds - but, what also came to mind is that - investments in metal - to me - aren't usually very short term - ie. weeks or even months -- but, more the following few years -- which, for Breaker - puts it right in the spot IMO -
now, by itself - all of this could mean diddly squat - but, when you also bear in mind the Newcrest deal a few weeks back (paying a huge price for inground ounces) - and, that?? other article I posted, which I at present forget - which hinted potentially at much higher POG in the future -- then, we continue to have a pattern going on here IMO.
Even if nothing else - disregarding all the theory -- one thing is absolute fact if people are upping their investment in gold ------------- and, that is ------------ the market is absorbing existing stocks --- if it's being purchased and hidden away in vaults - then, there is far less for sale --- and, that alone means something very important for all gold companies.
anyway - just for your interest - have a great day all
Pinto
https://www.investsmart.com.au/investment-news/where-the-worlds-wealthiest-are-investing/142345
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