First Mining Gold Corporation (QX) (FFMGF) Quote

With inflation still increasing and significant money printing taking place, how do you think they'll explain it away?

If these other Banksters are going to start cutting rates, then can the Fed be far behind? I doubt it.

https://www.theguardian.com/business/article/2024/jun/03/european-and-canadian-central-banks-expected-to-cut-interest-rates-this-week

I'm just thinking out loud here, but today's price action has me wondering if our share price may trend lower on this latest share offering. We had over a million shares traded today for FFMGF and my guess is this could be related to "offering shares" being sold. Does this make sense to anyone else?

It said in the PR the offering would close sometime on or before June 14th. I'm thinking the share price should decline further before the offering ends.

A very good update on some PM charting. I recommend watching the entire video, but definitely listen to what is said at about 22:25 where he talks about gold and silver get their BIG move higher after the SPX market corrects and begins their "recovery rally" back up. This is exactly what happened when the markets tanked in 2008-09 and the PM's went ballistic in 2010-11 as the market rose out of the recession. That's when the "mania phase" in PM's and PM miners will happen. You want to have the boat loaded with mining shares as that phase begins.

I totally agree with what he said there.

https://www.zerohedge.com/news/2024-05-30/silver-price-people-will-have-fomo-next-bull-market

Just saw this. Another private placement offering coming.

https://firstmininggold.com/news/first-mining-announces-up-to-5-million-flow-through-equity-financing

Amen brother, cannot wait for that day….And it’s coming. There’ll be a lot of high fivin’ going on here. Cheers !!

Hello HONU, good to hear from You. It's been a while.

Without naming anyone specifically, I think I know who may have been ratting to IHUB about some of the PAST off topic discussion here. I won't name names because that's old news now. I never suspected You of it because of many of your prior posts here.

The main thing is we're ALL still FFMGF shareholders and our day is coming, hopefully sooner than later.

This is laughable high comedy. Why ?

1. I’m literally the biggest free speech advocate I know.

2. All posts previously removed were done by IHUB staff, these removals were due to someone whining about off topic posting.

3. I have ALWAYS supported free speech on this board and abhor removals unless they are personal attacks.

To be clear, I hold a substantial amount of FFMGF shares and want nothing more than a run up in SP.
FWIW, I would appreciate a retraction of your misrepresentation of my character, and yes, this is coming directly from out of the woods. LOL !!

This may be the reasons for the coming shit storm for the U.S. and dollar. Very good for PM's.

I'm predicting in november , Darth Brandon will win in a " legitimate " " landslide " which of course won't be " legit " which in turn will trigger civil war #2 and Gold will hit 5k per ounce before 1-1-25 . silver will hit $ 150.00 per ounce in this scenario . Lead will hit $500.00 per ounce .

A gold price target of $4821 by the end of this decade. That would actually be a conservative estimate when compared to historical moves in gold. That's over double from where we are now.

https://investinghaven.com/gold/stoeferles-confirms-his-long-term-gold-price-target-of-4821-an-ounce/

Just watched this interview with Ronnie Stoeferle from Adam Taggert. Listen to what they talk about as far as the three phases of a gold bull market, which we are currently in. They mainly talk about gold, but at the end of the video they get into where they see silver too. Stoeferle is an expert.

They were all in agreement that we're currently in the EARLY stages of the accumulation phase of the bull market, which is the first phase of three.

Regardless of whether Trump got screwed in the 2020 election, what can you do about it? That's history, over and done with now. My advice would be to move on and hope it doesn't happen again.

I believe the way it works on Investorshub if other posters don't deem your post's relevant or on topic they can report it and have it removed. That means they MIGHT not agree with what you have to say.

Unfortunately, we have no control over that process either. Believe me, I've had many mores posts
removed from this board than you have. LOL

This in not perfect, but it's all we got.

Tell that to HONU and the other censors who come out of the woods come a time like the election when certain opinions or topics are deemed “impertinent” and then suddenly no one gives a crap after the desired result is achieved, such as a stolen election which 2020 10000% was.

Living and quickly shifting into communism.

The way I see it if we don't have anything FMG specific to talk about then what's wrong with discussing something gold or silver related or maybe things that affect the mining sector? I believe those things are important to where this company is headed, albeit indirectly.

Politics can even have a bearing on where PM's may go and we know that geopolitical events have a huge bearing on the gold price, so if we want to stay informed on what may happen with the share price, I think it's important to follow the bigger picture.

We ALL have our own opinions on things, but we obviously can't control what happens in these other arenas. All we can do in the end is speculate and make our best guess on what will happen.

Actually I have enjoyed your post that were non-FFMGF with Seablue

I suspect the scrutiny on posts since the last election has subsided, because that was over three years ago and is old news now. I'm as guilty as anyone else in going off topic on occasion, but I do my best to stick to talking about this Company.

Sometimes that's difficult to do, especially when news is so few and far between.

Interesting how in 2020 prior, during, and after the election, any posts daring to speak ill of certain topics or deviate from narratives that would disparage the legitimacy of the election or certain institutions would be deleted on here.

Now we can for the most part discuss a broad range of topics from gold to economy to politics to central banking and beyond, and the scrutiny and censorship under the umbrella of “it’s irrelevant” has peculiarly disappeared.

My gut tells me that if the election this year isn’t thwarted by some major event like NATO/Russia war or a “cyber attack” (staged by CIA) or some t-word attack from within, and it actually takes place between Trump and Biden, that the policing and scrutiny of what topics are allowed to be mentioned on here will return.

Agree thanks for your post

My suggestion is as it has always been to not look too much at the share price other than of course adding to your position. Keith has been a monthly buyer of this stock when it was 40-60cents (CAD) all the way down to 10 cents (CAD) and he still keeps buying every month. This is how you should approach these types of investments because the fact of the matter is that none of us knows how the market will react and when the "final bottom" will occur. The only thing you should focus is that the company is making progress on the assets (which they are) and that they have good quality assets and management (which they have). I was an early investor in First Majestic some 20 years ago and it was pure hell emotionally holding on to that stock because we had many ups and downs and long periods where the stock was moving sideways until suddenly it exploded to the upside. I see the same happening here, that is why I don't worry too much about the daily fluctuations in the stock price. If you really believe in this stock then the only way to do this properly is to accumulate when the discount to the NAV is great (like it is now) and then you hold on and let management do their work. If we are right about this company's future then we will make a fortune when the true bull market gets going in miners. Everything in between is just noise. I will keep accumulating as long as we stay under 20cents, that's for sure. But I might buy more even at higher levels depending on the news we get when they finally disclose deals for develpoing Springpole and Duparquet.

I to have been accumulating hundreds of thousands of these shares.this is it in my opinion. Something is about to break in our favor, lots of volume picking up these past couple of months.i been watching the share that go through somebody is beating it down on purpose, accumulating for themselves, stay strong most of us here have been long term shareholders, good luck and sit tight . Buy if you can cuz i sure am after all its only paper. For oz in the ground later

You make an excellent point. That's exactly why I've been saying hold on adding until AFTER this overall market correction comes and goes. Problem with that is how long will it take to happen? The FMG share price has floundered even with this breakout move we've seen with higher gold prices.

The only thing we have no control or knowledge of is news that could move the share price, but I wouldn't expect to hear a lot of good news before Springpole gets permitted.

IMO adding shares under .10 US is a good move. The gold price fell pretty hard today, so there could be more selling coming. We'll see. I may add if we see .08.
Congrats to You.

I suspect we will cross .05 before it's all said and done. If we can't hold .10 at $2400 gold, imagine the disgust for this stock when Gold sells off for real, albeit temporarily. We had all better hold our noses and close our eyes until Springpole gets permitted.

Just picked up 50k shares, averaging down continues

Will pick up another 50-60k tomorrow and day after if price drops to .08

Yes, we're speculating here, and I have no clue what's going on behind closed doors or what Keith is thinking. I'm making my calls based on what I see and hear him say.

What I do see as obvious to anyone that knows this story is that it's in both FM and FMG's best interest to hold onto all the properties we have, IF THAT'S POSSIBLE. I think Keith understands that and ultimately would want to keep it all under one roof, again if that's possible to do. We know the gold is there and no one is making more of that.

I'm hopeful that I'll be around to see how this all plays out. None of us are getting any younger.
Keith may able to wait it out, but there may be others that can't.

In the end we are all just speculating here, I just base my guesses on the probably 50-100 interviews I have watched with Keith and my understanding of him as a businessman. The man is a bold visionary in the industry and he is a very long term investor. We have to keep this in mind when thinking about his potential long term plans for both companies. Regarding Jerritt Canyon, Keith actually stated in a recent interview that they already knew they had to shut it down when they bought it but they could not do that immediately because it would look quite bad, so they tried to keep it up and running for a while when they started doing the planned changes, but eventually it just became too costly. There is an interview with Keith where he goes into very detailed plans for the Jerritt Canyon mine, so I trust him to restart that operation within a year or two. My understanding is it will produce nice cash flow at these gold prices. Of course, if and when he turns Jerritt Canyon back to profitability it will give a nice confidence boost to the FM board that they indeed can (and should) expand more into US/Canada and gold. People often forget that 50% of FM revenues are still coming from gold, so it is just as much a gold company even though the focus is on silver. My bet would be that after Jerritt Canyon is turned around, the time will be very ripe for FM to make a potential move on FFMG because the Springpole permits would be in place by then and Duparquet would also have been drilled out nicely. Keep in mind that FM already owns the silver stream from Springpole anyways so a potential JV there could very well be in the cards later. I don't see how or why the board would be against such a move if Jerritt Canyon has been turned back into profitability.

I think Keith is being very protective of the FFMG assets because, like I said earlier, he knows how rare these types of assets are and when jurisdiction has become even more important in recent years (look what happened in Panama recently) it makes both Springpole and Duparquet even more valuable.

I know investors would like to rush things and are anxious after such a long wait but FFMG really is in no rush here to do deals because, in the end, Keith is the one who will make the final call when a big deal will present itself. They really must and should look at every possible card here regarding developing their assets before they commit to anything. Rushing into a bad deal just to satisfy investors would be very stupid after such a long wait. Dan is the CEO but the fact of the matter is that he talks to Keith about everything that happens in FFMG and if Keith does not approve something it wont get done. This is very clear from every interview you can find where both Dan and Keith are answering questions. I don't think Keith gives a s**t if retail investors don't have the patience to wait things out. He knows where this company is going and he won't pressure Dan to make any stupid decisions just to satisfy investors greed. That is one reason also why the stock has been going down for a while because they don't try to "pump it" up for no reason. Having said that, I really think we are right now in the final phase before the big breakout will occur because all stars are slowly aligning themselves. We are 1 year or so away from having a fully EA permitted tier 1 gold asset in Canada that is also one of the biggest undeveloped gold mines. This will be developed because everyone in the region needs it to be developed. It will be a massive cash flow monster for the region and create hundreds of well paying jobs and tax revenues for the government.

I could go on and on but eventually time will of course show how this story will end. I for sure will go all the way on this one and I think we will be massively rewarded soon.

The other piece of the puzzle that was talked about earlier is how a rising gold and silver price play into this drama. That changes the picture for FMG in a huge way because as the PM prices march higher it raises the valuations we hold in the ground.

That will change the entire process involved in what a mine developer has going for it. It's amazing to me the share price is still down at these levels. That should change bigtime when it's clear that Springpole will get permitted.

How about this reason for Keith not going to the FM board about doing something with FMG. Firstly, he's got to get Jerritt Canyon back into favor with the board. That acquisition hasn't worked out very well for Keith to date. My hope (for our sake) is he gets it turned around or can sell it if necessary. What ultimately happens with JC could affect what FM does with us. Getting that ship righted would clear the deck for a future deal with FMG.

I didn't get the same feeling as You, when he spoke to the question about FM doing something with FMG. It was obvious to me he didn't want to address the question at all, so he just said he wouldn't discuss FM matters on a FMG webinar. That's fine.

IMO nothing is going to happen as far as JV's , buyouts, or mergers UNTIL Springpole get permitted. That's when the clock starts for all that action to begin. I think I mentioned that Dan had told me years ago that if there were hostile offers made for FMG that Keith would do what was necessary to protect FMG. I assume that was told to all the shareholders and was probably common knowledge around the mining community.

Anything can happen here and most probably what we least expect to happen....will. I've been saying for years here that if they could keep these rare assets in house, that would be better most likely for the shareholders and any future profits made by the Company. I have faith in Keith to see that we're rewarded for our long wait here and after all he doesn't just help us, he helps himself too.

I will just add one more interview: The Keith Neumeyer Interview

Keith states very clearly in this interview that the criteria for First Majestic acquisitions is a project either in production OR a project permitted and ready for construction. He also states they are looking for projects outside Mexico and the US, specifically Canada but also Europe and Australia.

What we can take from this is that for FM to acquire FFMG or form a JV the projects need to be permitted completely or at least advanced enough to soon be ready for construction. Well, we know Springpole is about 1 year away from complete EA permits and Duparquet is basically quite advanced in the sense that a starter pit operation could get going in 1-2 years.

This is why I was saying earlier that Keith or FM is in no rush here to acquire FFMG even though it is trading very cheaply and a hostile takeover can be prevented because he controls FM. Keith can just continue to buy up shares of FFMG every month while building his position and patiently looking at all options that come along the way before making a final decision what to do with the assets. This is the smart thing to do for sure and we investors need to understand this and be patient as well.

These assets will eventually get built, the question is really just in what kind of deal that will take place.

Yes, this was the interview I was referring to. To me it also seems in some way quite obvious from the way he answers the question that this has been his "grand plan" all along, but he won't say too much about it because of course regulatory wise he cannot. He actually said "I would love to do it but I'm not sure what my board would think of that seeing as I am the chairman and ceo of both companies".

I think he also likes to keep the options open still because they might of course get a good deal done with a major as well or maybe FM only wants to do a JV in one of the projects? First Majestic is the "guardian angel" for FFMG and like I said I am quite confident that the main reason we have not seen a hostile takeover attempt from a major or anyone else yet is because these insiders know Keith will counteroffer from First Majestic if it gets to that and the price will go up in a bidding war. Some peole might ask why would First Majestic just not buy it up right now when its dirt cheap? My answer to this is very simple: They really don't have any need to do it, yet. Keith knows the value of First Mining's assets and he is slowly acquiring shares for himself while knowing that he can probably quite easily fend off any hostile suitor if it gets to that. He really has no rush to do anything here and the focus is on developing and permitting the assets into tip top shape. If they get the permits done and the company is still dirt cheap then Keith could just easily do a merger or JV with FFMG and take it from there. FM could also finance the development of the projects with increased cash flow from rising silver prices. If a major comes in before that then Keith can just look at their cards and decide if it makes sense to do it with a major or if he should do it himself with First Majsetic. This is the "secret sauce" that most investors seem to be missing with this company. Investors have no clue how valuable it is to have Keith as a chairman in FFMG while also being CEO of one of the largest silver mining companies in the world.

Here is something else most people don' know: Keith is also a major shareholder in a company called Snowline Gold which is in the process of making one of the biggest gold discoveries of ALL TIME. He has a 5-6% stake and the company is worth about a billion dollars right now, so this is not a small amount. If Snowline gets bought out in a billion dollar deal, Keith could potentially net 100m for himself just from this alone which he could then use to buy up FFMG big time if the stock would still be at fire sale prices.

I think the majors that are interested are still staying on the sidelines and waiting for Springpole to receive environmental approval and also looking at the developments at Duparquet, but the window of opportunity is really closing in here fast. Back in the 2020 rally, it only took one major institutional investor's buying to rocket the price up to about 50 cents in a matter of a few months. If we get to a point where everyone is rushing in to buy these juniors/developers then FFMG will explode north of 1 CAD, I am very confident about that. I have been through this before in the rally from early 2000's all the way to the mania levels of 2010/11.

Just for everyone's edification I'll post the link to the last webinar with Keith and Dan on it.

Go to 36:30 in the video and someone asks Keith the question about a merger between First Majestic and First Mining Gold. You can hear his reply and take what you will from it.

The little chuckle at the beginning gave it away for me.
He said it had crossed his mind before.....but he wasn't sure if FM shareholders wanted to become a gold company. Really?

Without being very specific about the question asked he then said he didn't want this to be about First Majestic. Well, as I see it FM is the 800 lb. gorilla in the room and FMG is the baby brother to this point.

I've heard Keith comment in the past that FM wants to mine more gold going forward because of gold's price stability over that of silver's price instability. That was also one of the big reasons for acquiring Jerritt Canyon, so I really don't believe for a second this is NOT about the possibility of a JV or merger
at some point down the road for these two companies. Time will tell.

I must have missed the interview where Keith said he wanted to merge First Majestic and First Mining Gold. If You have a link to that interview, I would like to see it because I don't recall him making that statement. That's not to say, it's not his intentions in the end to do so.

What I do recall him saying, I believe it was in this last company webinar they had with Keith and Dan, when the Q&A came up someone asked him about a merger between the two companies. His reply was he/they hadn't really considered it, and any merger would have to be approved by First Majestic shareholders. It seemed to me that he was attempting to deflect the notion that it was even being considered at all. I didn't buy his answer.

Did he have a reason for that? Maybe.

Whatever the outcome brings between the two companies, IMO there will be a much higher probability of it occurring, IF the silver price continues to march higher, as I believe it will.

P.S.: I'll go back and revisit what Keith said in the webinar, because it was important.

I think we are getting closer to a situation where First Majestic Silver might make a move on FFMG. Their cash flows will increase significantly with the rising silver price and Keith is known to make bold moves. I really think he has a vision to merge these two companies long term to create a big Gold/Silver miner. He has admitted this openly in an interview so we know this has at the very least crossed his mind. He bought another 250k shares again on 7/5/24. The Jerritt Canyon acquisition by First Majestic was a clear message from Keith he is looking to expand more into gold and also outside Mexico. Keith knows the value of FFMG which is why I guess he also does not want to create a situation where First Majestic acquires it too cheaply because that will look bad when he is chairman & ceo in these companies. I think this is also one of the reasons why no other major company has tried a hostile takeover on FFMG because they probably know Keith will intervene with a better offer from First Majestic. Keith is quite known to be aggressive in these types of situations. He is a long term investor so he keeps acquiring shares in FFMG slowly but surely which is what we should also do if we believe in this company. I think right now FFMG has around 2-2.5B (CAD) worth of net asset value.. easily at these gold prices. Applying a discount this this NAV of around 40-60% and and you can see why this company should trade north of a dollar (CAD). I will keep accumulating shares for as long as we stay under 20cents or so because I am more or less 100% certain some major gold producer has to be interested in either Springpole or Duparquet (or both). Investors really don't seem to understand how rare Tier 1 assets in good jurisdictions actually are and also how advanced Springpole is from a permitting perspective.

Just sit tight and keep accumulating... I think we are going to see an insane bull market in miners very soon.. Btw, I was an early investor in First Majestic Silver some 20 years ago when the setup was more or less exactly the same as with FFMG today. This industry always gets hated at some point and then suddenly everyone is rushing in to buy everything with the name "gold" in the ticker.

Here's the Yahoo article on the Duparquet drill results. James Maxwell seems pretty upbeat about what they've found. I still want to hear what Dan is doing to begin some sort of mining effort there.

https://finance.yahoo.com/news/first-mining-announces-initial-2024-110000563.html

https://www.newswire.ca/news-releases/first-mining-announces-initial-2024-duparquet-exploration-drilling-results-881408285.html

While it seems like a good amount of surface mineralization, I wonder what the extent of it is?

https://ceo.ca/[@ userid=2024]-duparquet-exploration

IMO the big option it gives First Majestic would be to either JV with FMG or to merge with us, depending on how Keith wants to play it. That would make having to partner with an outside party unnecessary. It also gives Keith serious leverage IF another party wants to tender a hostile bid for FMG. Jerritt Canyon is still on their plate, but if silver continues higher that shouldn't be a problem either. The money will be flooding in.

We will control our own destiny if silver moves to where it should go in the next couple of years. Financing Springpole and Duparquet shouldn't be a big hurdle with silver somewhere north of $50 an oz. $75 or $100 silver would make it a slam dunk.

This part of the picture has to be something our management is considering with these higher PM prices.

If silver stays higher it makes FF's position better as FM would have the free cash flow to match any inappropriately low bids for the company. Or it could allow them more flexibility to JV with FF.

Glad to hear you have your stack squared away. I would think most of us on this board probably do to the extent our budgets allow it.

September/October would not surprise me as it is the end of the fiscal year for the federal government. If I remember correctly October has had a few major drops in the past. Some politicians are already calling for 10 to 20% cuts in some agency budgets and/or the elimination of 1 or 2 agencies (the EPA continues to be a target as well as Education, Energy and Labor to varying extents). While I do not see agencies being eliminated, I would say there is certainly a chance of merger/combination. HHS, Education and Labor used to be under 1 umbrella and it would not surprise me if they return under 1 umbrella. This would likely result in big cost savings but would increase unemployment and result in less spending by anyone who is let go. But what good are cost savings when our reps are throwing money out the window on many other things?

This is a MUST watch video. It covers a lot of different topics, but this Lady IMO is spot on with her views.

I see her on Fox biz news quite often, but she's normally talking just market things and not what she says here. She touches on many things we speak of here and gives remedies and answers to those questions at the end of the video.

I'm happy I hold quite a bit of physical silver. My cost basis is probably around the $16-$17 range, so I'm doing o.k. currently, but I can't see unloading any of it until we are into triple digits. Do you remember the poster that was here a couple years back lamenting over silver ever going any higher? LOL
I think about him on occasion.

What excites me are what companies like FM are making now with the push higher in silver and as silver continues to climb, their profits will soar. That means FMG prospects get even better. It's going to be interesting to see how high the PM's move before the economy tanks and everything begins to fall. I keep hearing that a September/October time period may be the time for the bubble to deflate. We'll see.

The George Gammon video you posted IMO was VERY revealing and eye-opening. I believe what he was saying is a precursor to what could happen in the U.S. eventually. The dollar, like the Argentine Peso, won't completely go away, it will just almost be worthless and a pain in the ass to use, because if fiat isn't transferred to numbers on a computer screen we'll be in the same boat as the people in Argentina. Paying for things with stacks of paper fiat money. I don't see that being a feasible alternative. Not only that the inflation will be so high I can't see people here putting up with it. We're not hyper-inflating yet like in Argentina, but at some point, we could be. I still believe that physical gold and silver can and will be an alternative source of real money, even if it's not accepted in a general way. People are going to want to have it as an "anti-inflation" asset. Those that have it, will use it, and those that don't, won't.

I also was surprised the money changers in Argentina weren't accepting $20 denominations, like you I would have thought they would have been more in demand from the common man. I think George G. said he was dealing with drug dealers, so maybe they only wanted $100 bills.

The people that don't have phones or computers will just be fucked I'm afraid. The Powers That Be could care less about them anyway. The Banksters always say they want to help the poor and disenfranchised, but they do the opposite with their actions. The rich get richer, and the poor get poorer. That's a direct result of their policies.

Who knows how long the dollar will stay afloat, but at some point in time the fiat dollar is going to have the same outcome as all forms of fiat before it and that's a loss of faith in it. I don't really want to see it happen in my lifetime, but I'm going to be prepared if it does.

Did Silver have a strong close on Friday or what? Having witnessed so many of the ups and downs I don't get as hopeful as I used to.....but I started routine purchases when I woke up in 2012 and I have no complaints. When started buying I could get silver for 14 or 15 an ounce because the premium was so low. Twelve years later and on most of my ounces I am up between 70 to 100 percent. Sure beats T-bill returns during the same time period. Could a person have made more during that timeframe in the stock market? Absolutely. I am ok with that. In the end we'll have our day and the timing might be pretty good for me. That assumes, of course, that cap gains taxes are not 44.5% and that society as a whole has not degraded too much.

Can you believe the stock market is STILL going higher? I don't see anything particularly good to justify it.
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The CBDCs certainly can expedite their money printing and any outright theft outside money printing they have planned. In addition they have much tighter control over you in several ways a la the Chi-com social credit score system. One question I pose to you is what about those who don't have phones or computers? Do they screw us again by having our tax money pay for phones for everyone? I know they are doing that now, but under the new system it would literally be everyone.

I was pretty surprised when Gammon said they did not want smaller bills. I would think smaller bills would be preferable to make change. I guess not. I know when Jeff Berwick went to Venezuela a few years ago he had to pay for lunch with a backpack full of local paper.

Per another of your points - the businesses adjust and set up their money flows around whatever is in place and it is sometimes better to maintain than change. Not to mention yet another thing you mentioned - the perverted system creates entirely new businesses set up around the system being perverted and those business owners do not want change because it puts them out of business as you noted.

It is truly tough to hedge all this but diversification will soften whatever happens. Stack, buy shares, buy physical things you think you might need that might be expensive later, try growing more of your own food, defense items, canned foods and whatever else gives you peace of mind. If I spend a few thousand and nothing happens I will have zero regrets. Actually, I hope nothing happens.

I had another thought about this video. Remember in the video George made mention of the individuals that were looking to for denominations of $100 dollar bills to convert from pesos. He said converting the pesos into say $20 denominations was too small and meant holding too many bills. Well imagine how many physical notes you'd have to hold in pesos? Stacks and stacks of them. LOL

I'm thinking that this may be the reason they'll HAVE to go to the various CBDC's. All of that is on a computer screen and doesn't have to be physically held by anyone. Just like fiat money being too cumbersome to hold physically, when they really start creating dollars in a big way people won't be able to handle the volume of PHYSICAL money anymore. It will be too overwhelming. Just like the Argentine peso or in Weimar Germany. It grows past the point of being fungible anymore.

Just make it numbers on a computer screen and not have to bother with the physical issues involved with creating new money.

The moves we're seeing now in silver and gold are just the beginning of a much bigger move to come. These moves need to be somewhat measured in what they do as to NOT be too much, too fast. We know at some point in the future we'll see higher, faster, moves in the prices that have the Sheeple wanting to join in the party. I'm hoping that happens in an orderly way.

The convincing break through $30 silver we saw yesterday is very encouraging and IMO sends a signal that this is the time we should see higher silver prices at least in the short run. I believe this is overall market froth. We also just broke through the 40K mark in the Dow. That's an all-time high, so the PM's are following this over-bought market higher IMO. This is not market fear, but market FOMO.

When the air finally comes out of the balloon is anyone's guess, but what we're seeing in the stock market now can't go on indefinitely.

https://www.kitco.com/news/article/2024-05-17/silver-price-makes-move-above-30-analysts-say-its-just-getting-started

That was extremely interesting to hear what George had to say. He mentioned things I didn't know.

The first part of the video when he talked about traveling through Argentina was IMO fairly predictable. As he said later in the video if he knew people and had networked to be able to know who might buy his gold or silver, my guess is he would have had no problems selling it. People want dollars ONLY because dollars are more FUNGIBLE than are PM's and he explained that in some detail. The dollar's usefulness is that it's pretty much internationally accepted, especially in places like Argentina where the Peso is really trash. I thought the story he told about the Guy "flipping" dollars is probably quite common in a place like Argentina. The government has no control over money, so the Citizens have to attempt to make a living off of buying and selling forms of money that are worth something.
That part was amazing.

I didn't know that NEW fiat is created when the bank loans out money. I thought that money came from already existing money creation.Ya learn something every day.

My guess is that George's travel experience in Turkey will be much more favorable for PM's. IMO the areas of the eastern world will be much more friendly to people looking to exchange fiat for PM's. I wouldn't think he would have any problems whatsoever if he does a little networking prior to the trip/

Both gold and silver are moving BIG today. Silver has sliced through $30/oz. in a very convincing manner. This is great news.

https://www.kitco.com/charts/silver