Rob Kientz | The Freedom Report
@freedom_rpt
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Precious Metals, economics, and the fight to keep our freedom culture! We never PM/DM people for investment schemes.
Joined April 2020
That is exactly right Craig. What they’re not saying is how much of that gold is actually available for new delivery. They never tell us this because it would expose how much metal they’re actually short to meet to meet demand.
Yah, whatever. 8,535 mts my ass. Back out the BoE gold and all of ETF gold, too. What do you have left? Maybe 1000 tonnes? Maybe. And with global CB demand continuing at over 1000 mts/year, the NY/London Gold Pool has a real problem on their hands.
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@TonySmith649288 The entire mining sector needs to be re-evaulated. So much has changed with regards to costs, risks, and valuations. I don't do a lot of work in mining equities anymore, but it may be worthwhile to put together a show on it with some guest experts.
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@thedaikancho I agree, and I also think large independent players are also doing it quietly but it's the .govs which have pushed the system beyond it's limits.
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RT @Malone_Wealth: BREAKING NEWS: The Federal Reserve's Reverse Repo Facility dropped another 8% today to their lowest inventory in 1,386 d…
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RT @TaviCosta: As gold miners start to move, it's important to put into perspective where we are in terms of valuations relative to history…
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RT @DonDurrett: Gold hit another ATH today. Many think this is it. This is the breakout in gold/silver/miners. I was expecting a big run in…
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