A professional prospector and miner I know who runs a prospector's store in town uses a metal detector on tourist beaches and makes good money that was as a side-hustle. I asked him if he ever found a diamond ring, and he said "Yes!". That's pretty damn cool. Besides that, he said lots of other gold jewellery. Now, he does do the right thing and report them to the police, as is protocol, but if no one comes to claim within a set amount of days, he can legally keep it :)
It seems to me that China, the #1 global miner of gold, will have better access to mining in many developing countries in the Global South. I would imagine that China is able to control mining costs much more effectively than western companies, and the strong relationships that China is building in Belt and Road partners should translate to easier access to new ore bodies, both through improved relationships with governments in those countries, and easier accessibility because of the BRI transportations systems.
Thanks 👍
Is there a Tim Horton's just before you get to the Thunder Bay mine? It's something that potential investors should know..
Hey David! Are you not at Boca??
The Lundins have apparently a very different opinion. He has an employee mindset IMHO 😊
They have more money for bribes and probably has tentacles in the government.
To brow or not to brow
There is so many gold out there . Also fractionised in etf
Physical Gold ETFs do not hold gold reserves 1:1, whatsoever - no where near + good luck taking delivery as a mere mortal. It's paper derivatives nonsense! Physical Au and/or Ag only in your custody (or a VERY trustworthy vault)! NOT physical ETFs (unless you're a short-term trader). I think mining ETFs are great, though they are a different animal (great if you're not confident in individual stock picking). However, the "Physical Gold ETFs" are problematic.
P.s., You may already know that. However, I wanted to post this warning just in case it helps someone else who reads. Much respect and keep stacking brothers and sisters ❤
Umm… the world reserve gold is 50,000 Tons…. In the last year or so they found 80,000 tons of gold in Uganda…. So… if anything, would that not bring the price of gold down?
I mean seriously
There’s gold deposits and then there’s mineable gold… not the same. Those deposit numbers might also be a little bit inflated by a government that is hardly trustworthy
130,000 tons are just 130,000,000 kilograms. If you divide these reserves with 7 billion people, everyone can get a share of just around 18 grams or around $1,400 on average.
@@chrinsamvisal that does not explain anything, but it’s an interesting bit of data
Vematum is gaining traction among serious crypto investors.
Vematum is one of the few cryptos with real-world utility.
A doom and gloomer! Yea!!!
S and P hits 37th or so all time high today. Love the bears . David don’t ever turn bullish promise us!
How much of a dimwit does one have to be to comment on video they did not watch...
Oil is produced by the Earth like sap is produced from a tree.
It’s produced by the plates rubbing. But somewhere along the line, people bought into this dinosaur theory, which is utterly ridiculous. It shows how gullible people truly are.
gold is infinite.
I have an Investment portfolio that's worth $1million, I don't think that'll be enough for retirement. I need an average risk investment strategy in stocks that'll give me more yield.
As they say, time IN the market is better than trying to time the market. I think you should seek advice from a licensed financial advisor. They’ll give you guide on high risk and low risk investment strategies for your portfolio.
Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 275 cash earning 5.25 interest, 685k in 401k, 120k cash account, 80k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed.
pls how can I reach this expert, I need someone to help me manage my portfolio
Amber Kay Wright is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Wow, her track record looks really good from what I found online. I just messaged her, let's see how it goes. Thanks for the info.
I have 1 oz of gold and I’m going to cash in nex year when it hits $100,000.00! After taxes
Gold exploration and mining tech has advanced loads and keeps getting better.
brainworm infestation
Financial markets will never run out of gold, thanks to the futures market.
Well said. No "gold expert" seems to care that there's magnitudes more paper gold than there ever will be physical
@@brandonn9053 yeah but it's still gone up slowly but surely over time, so what's the point?
not to mention future asteroid mining with virtually limitless metals including gold to be harvested....
yes, but how much will it cost to "mine" from asteroids if ever ??? I doubt if you can mine it for less than $5000 per ounce (or even higher) given the resources you'll need to get to space and bring it back down to earth.
This guy is paid by the Canadian Government 😂
Sorry David, watch most of yr vids, but not commercials 😅
Yeah I'm halfway through this and I'm like okay so obviously some people actually pay David to come on his channel and advertise in disguise as an interview. I wonder how often that happens.
😂 Gold is officially done. Compare gold to Bitcoin not only in price increase but in adoption. Silver has used but gold is done.
Lin has so many gold grifters on his show
This episode is a commercial for a gold mining company. Don't waste your time watching.
Gold bugs never mention the $12 trillion gold find in Uganda.
12 trillion unproven ounces of gold vs. quadrillions of fiat assets and financial instruments. Couple that with banks balooning that number trillions and trllions every year accelerating faster and faster each and every year accross the planet. G....what shall I do 😂
@@ajpope2010 Pretty well proven at this point. Gold is negative 40 percent vs that fiat since 2014. There are better performers like bitcoin, NVDA and now Tesla.
@@Fearzero you get it wrong, gold isn't an investment but an insurance and also a play on a re-valuation event of gold to rehypothecate the debt. But if you mention Bitcoin I am confident you are just a troll. Tulips seed have more inherent value.
@@Dracandros76 15 years as the best performing asset and tulips comes to mind? Your portfolio must be feathers lol.
@@Fearzero You really should read up on history. To compare gold to tulips is so ignorant and shows you just dont understand tehe economy at all. I hope you find the right path before its to late 🤔 Good luck to you.
He's a pumper and dumper
I have learned a lot concerning crypto progress this time and would like to join in. I wish I can get a good mentor
I think all you need is an expert assigned by a brokerage company that will trade for you and handle your capital professionally and give you weekly returns of investment without any extra fees attached.
Evelyn Turner is the professional that guides me and her optimal returns are really impressive
Yeah, I believe investing with a professional is the optimal approach, as it mitigates the risk of significant losses. Did you truly know her? I was under the impression that I was the sole beneficiary of her guidance through the challenges of trading.
Seeing a remark regarding my manager Evelyn Turner is quite energizing. It was just like this when I first met her a few weeks ago. Having started with just 4k about 2-3 weeks ago, I have already made it to 21 k. She is very remarkable!
Goodness gracious I'm so excited seeing Ms. Evelyn Turner been mentioned here also. Didn't know she has been good to other people too, this is wonderful because I also started with a CZcams referral like this
Ah, another paid infomercial passed off as financial news. This crap reminds me why I unsubbed from this channel.
Show should be about silver not gold
If Gold is so rare, why don't Miners hold as much s they can afford to? Nope, they sell it as quick as they can.
same reason farms dont hold onto all of their eggs. Once they have used up what they need they sale in order to get other needs.
Why Nividia sell their chips instead of hoarding them, Why does Coke sell soda instead of hoarding it. I
That is their business. Why add the security needed to maintain a vault?
This guy can’t even put simple things into word. Like, don’t dig in other people backyard. I don’t know if he can even locate his own gold droppings.
Gold and silver prices will ALWAYS be suppressed!
Gold salesman talks about gold 😂
"Canada is a Safe place to park your money"
- Liberal NDP coalition "Hold My Canadian Club Whiskey"