Thank you for being here, Martin. I'm glad you're finding value in these chats!
@gavinmccrae6487
2 ай бұрын
Only watched the Rio2 segment as they are on my PPSS watchlist and I always enjoy Alex.
@ResourceTalks
2 ай бұрын
Alex is great!
@oscarcolman5677
2 ай бұрын
I consider holding physical, even for the purposes of exchange for USD when I travel next to avoid currency exchange fees from Aus Dollar. However, while Lynette is probably right about the saved value however, practically, storing gold is extremely risky and the likelihood of crime and robbery would be so high due to the ease of entities that have the capacity to take it from you will have if you can’t defend it. Think highway stage coach robberies and home break-ins.. So in the end both have severe problems in my view.
@ResourceTalks
2 ай бұрын
That is very true.
@dimitrischritt4458
Ай бұрын
Thanks Antonio and Alex! 👏Great to get an update on Rio2. Very much looking forward to Fenix going into production 😁
@ResourceTalks
Ай бұрын
Thank you for watching and for the kind encouragement, Dimitri. I appreciate you!
@misty671
2 ай бұрын
Gold doubled in price from 2016 -2024, 8 years approx. 9% CSGR is not bad, but it's just keeping up with inflation. Everyone should have a little gold, but dont expect to 5x-10x your money in a few years. Numismatic coins are for the last thing someone new to the gold space should buy.
@ResourceTalks
2 ай бұрын
I agree, Misty.
@alanmitchell6302
2 ай бұрын
Gold and silver seems to be going up but, money is dropping in value so it looks more value, because everything is valued by money
@ResourceTalks
2 ай бұрын
True
@brianwest7344
2 ай бұрын
why stop at $40k , Gold is going to $100k an oz
@ResourceTalks
2 ай бұрын
400K, final offer.
@walterblake1
2 ай бұрын
I hope you have a big truck and army to carry that gold out of the country Lynette.. good luck
@ResourceTalks
2 ай бұрын
Do you think it'll come to that?
@dereksanderson2031
2 ай бұрын
Alternate theory: Gold collectibles are increasing in price at a much faster pace than spot because they're much less liquid and therefore being bubbled into inflated valuations relative to the underlying metal, assisted in part by paranoia over how the spot market functions.
@ResourceTalks
2 ай бұрын
I can see that theory. It happens in other collectibles all the time.
@ivanmejia6843
2 ай бұрын
I know gold collectibles are mostly numismatic coins. But, could gold 22-24k jewelry also be considered collectible?
@ResourceTalks
2 ай бұрын
I guess everything could be collectible?
@robertdagge200
2 ай бұрын
Management certainly were not victims of the permit refusal. For the 2 years that the coy was doing very little await8ng resolution of the permit issue, management continued to extract huge compensation packages. Paid for by investors of course. Hard to justify for a coy and management team doing SFA. Lots of manual labourers let go, but manahent vontinued paying itself handsomely. More honey for the bears.
@ResourceTalks
2 ай бұрын
I understand where you're coming from, yet I wonder whether letting go of everyone would've been a good idea. G&A did drop significantly over that period. Could it have disappeared completely? Perhaps not.
@robertdagge200
2 ай бұрын
@@ResourceTalks Are the figures below care and maintenance? 2023 P&L: Employee costs - $2.6m SBC - $1m Dir fees $142k Admin - $642k Travel/IR - $100k Not bad for a management team that did veeeeeery little for the year ....... BTW, management now comprises 7 board members, 8 Executive Management members and 5 management members. All for a crappy little miner yet to exist financially. Hence raise after raise after... Honey for the bears.
@mutantryeff
2 ай бұрын
Noooo - LZ
@ResourceTalks
2 ай бұрын
That's at least 5 o's in there!
@mutantryeff
2 ай бұрын
@@ResourceTalks That number of o's might increase/decrease from inflation or devaluation
@mutantryeff
2 ай бұрын
|||
@ResourceTalks
2 ай бұрын
Hey Ryeff! How's life these days?
@mutantryeff
2 ай бұрын
@@ResourceTalks Somewhat boring at the moment. Haircut day for my son and myself. I've decided to try making some cider using Kviek yeast. I have never made cider. I don't want it to be super dry, and have been thinking about a blend of apple and cherry or ???
@mutantryeff
2 ай бұрын
@@ResourceTalks I watched a video yesterday that was very interesting by a prominent speaker. I have been trying to locate that video but cannot. He pointed out that France does not have nuclear waste as they recycle their nuclear waste. He compared that to the uranium miners in the USA pressuring a law/regulation that nuclear waste could not be recycled as they wanted to prop up the value of mined uranium. If the USA changes that law and allows recycling of nuclear waste, that could have a huge impact to the amount of uranium available.
@ResourceTalks
2 ай бұрын
I'd be interested in watching that video myself. It sounds a little far-reaching, but I've seen weirder things in my day.
@mutantryeff
2 ай бұрын
@@ResourceTalks "Nuclear Power And Uranium - What You Need To Know" by CPM Group
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