FML 2.70% 19.0¢ focus minerals ltd

Hi JSyou ask:If the price goes down, who is selling gold?Some...

  1. 141 Posts.
    Hi JS
    you ask:
    If the price goes down, who is selling gold?

    Some central banks, the IMF, the ETF's, there is also a lot of paper derivatives in gold and a possibility of no gold to back them; we have questions asked about the gold stores such as Fort Knox, etc. whether they really have the gold or whether it has been leased.
    We also have the spectre of "confiscation" still on the horizon as a tool of the failing Fiat currencies.
    But, what WE actually have is shares in a company (FML) that may have plenty of gold in ground (or may not) but not enough cash to find and produce it in a timely fashion and then we have a group that is prepared to finance the operation so it can be done in a timely fashion.
    If there are "buckets of gold" at the end of FML's rainbow then it would be nice to get at them.
    A Chinese ownership is not the worst thing that could happen, we could be sitting on buckets and just never get to it until too late.
    C'mon JS admit it,you want FML to prosper, and we can't to it in a timely fashion with what we have at present prior to the deal with SD.
    remember I know nothing, jahar
 
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19.0¢
Change
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Mkt cap ! $54.44M
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19.0¢ 19.0¢ 19.0¢ $11.46K 60.35K

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3 51329 18.5¢
 

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19.0¢ 149 1
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