Andrew D. Smith’s Post

Thomas Parilla this a reponce to post by Charles-Henry Monchau, CFA, CMT, CAIA -Henry Monchau, CFA, CMT, CAIA, OK the #Bitcoin ETP, yet the price of the underlying asset, is under $45,000, $1000 below what it was when the ETF started. 🤔 Understand what was agreed and what this means for the Bitcoin ecosystem. While the post is in reference to the Bitcoin ETF, it also answers your question about Physical #gold and #silver. https://lnkd.in/enbuspy2

Quimbaya Gold Celebrates Record High Gold Prices! Spot gold prices surged to $2,141 per troy ounce this week, marking a remarkable increase of approximately 5.6% over the past month and a staggering 16% over the past year. This substantial rise underscores the robust demand for gold, with central banks actively bolstering their reserves as an effective hedge against inflation. In times of economic uncertainty, investors flock to gold as a trusted safe haven, recognizing its inherent stability and enduring value. This sustained demand positions Quimbaya Gold as an exceptionally promising investment opportunity amidst evolving market conditions. With our unwavering commitment to excellence in gold mining and our strategic positioning within this thriving industry, Quimbaya Gold presents a compelling proposition for investors seeking to capitalize on the unparalleled potential of the precious metal market. CSE: QIM | OTCQB: QIMGF #QuimbayaGold #Gold #Investment  #InvestmentOpportunity

Money is information. A currency must move at the speed of information or it will cease to be money. Before telecommunications, the speed of information was the speed of physical matter: the speed of a letter on horseback or a message on a carrier pigeon. In the Internet age, digital (fiat) currency is money because it moves at the new speed of information: light speed. If the banks collapse, we aren’t going back to gold unless the Internet also fails. What’s a money that is bankless, stateless, and moves at light speed? #Bitcoin THAT is your hedge for a US Banking Crisis. Want proof? Check the #BTC-USD chart in March 2023. And then check GLD. Which one would you rather have?

Historically, geopolitical turmoil has, on average, increased the #gold price by about 10%. Our baseline forecast suggests that gold will likely continue its upward trend for the next 6 months into 2024. Central banks are maintaining a wait-and-see approach in the upcoming meetings to monitor the balance between inflation and slowing economic growth. Last week, we announced Contango ORE as our top pick, a gold exploration stage company: https://lnkd.in/dVasnFti. Another notable analyst pick is Panoro Minerals Ltd., focused on exploring large-potential copper/gold projects in Peru: https://lnkd.in/dd9Dnu5k. *FRC provides issuer paid coverage. *Past performance is not indicative of future results. #Investing #Mining #StockPicks #gold #metals #goldprice #forecast

WA1 Resources Ltd (ASX:WA1) has announced a groundbreaking MRE for the Luni niobium deposit at West Arunta, boasting an impressive 200Mt at 1.0% Nb2O5 confirming the tier-1 scale and grade of the deposit. ⛏ “This Mineral Resource estimate confirms Luni as the most significant niobium discovery globally in over 70 years. This is a remarkable achievement within two years from discovery in an entirely greenfield belt in the West Arunta. “The shallow, high-grade nature of the deposit, coupled with the recently announced initial metallurgy results, indicates the deposit may be amenable to conventional processing techniques and reinforces Luni as a highly strategic critical mineral asset.” - WA1’s Managing Director Paul Savich #ASX #ASXNews #Investing #Mining Subscribe to the weekly Stock Market Newsletter www.themarketbull.com.au https://lnkd.in/grhX9vrj

Some countries have valued gold for generations, where it continues to play a pivotal role in local economies. According to the World Gold Council, gold is a central part of life in Turkey, where there is a big incentive to own gold as a hedge against inflation. Many things are priced in gold, and it also plays an important role in cultural events like weddings. Learn more on the WGC website! #gold #investing #goldmining #investingold #goldinvesting #goldexploration #nwt #mining #goldstocks #golddeveloper #inflation #commodities #preciousmetals #worldgoldcouncil #wgc #goldmine #turkey

🇦🇺 Did you know that Australia has the largest natural gold reserves in the world? In the bowels of the earth in this state there are about 12 thousand tons of the precious metal. In 2023, the country produced 310 tons of gold. But this is not the highest figure for last year. For example, one of the “competitors” managed to increase the production of the precious metal by almost 6% compared to 2022. Which countries became leaders in the precious metal mining in 2023? ▶️ Watch the new episode of “Gold News”: https://lnkd.in/dv_Ry6Eu ➖➖➖➖➖➖➖➖➖➖➖ #gigos #gold #videoaboutgold #investors #investments #investmentgold #goldstandard

2 points stand out for me in ICG's summary: 1. The recent gold bull market seems to be largely disconnected from the behavior of traditional investors like retail investors, wealth managers, and advisors. A Bank of America survey revealed that a significant majority of advisors hold less than 1% of their portfolios in gold, with minimal interest in increasing their positions, the lowest interest since 2017. 2. Participants at the conference anticipate a shift in the impact of interest rates on gold prices. With the 10-year interest rate now past its peak and the neutral interest rate below 1%, many believe that the headwind from interest rates will turn into a tailwind. Food for thought. OpenFunds works with ICG as their distribution partner. Come talk to us about the ICG funds.

This Gold Market Primer, by the World Gold Council, estimates the total amount of above-ground #gold at 209,000 tons worth US$12 Trillion, using the end-of-year 2022 LBMA Gold Price. Click to learn more about the market size and structure of the gold market. 👉 https://lnkd.in/gYqexm8P #mining

Chairman of Rio Tinto recently talked about the rich resources available in Africa, how its a strategic fit, how it compares to gold mining in central asia, base cases and other plausible scenarios that could be quality drivers. The mistake that most of us make is we look at cross-currency rates as a measure of the value of fiat currencies and that's the wrong way to look at it. You have to measure them against gold.