Aris Mining Corp (ARMN)

[NYBob]

Holmes: ‘gold is probably going to $5,000’ -

Kitco News interviewed three market veterans for their long-term view on gold:
Frank Holmes, chief executive and chief investment officer with U.S. Global Investors; Rohit Savant, director of research with CPM Group; and David Morgan, independent analyst and publisher of the Morgan Report. All look for new record highs, while two see gold hitting $5,000 an ounce in the decade ahead.

Following is a synopsis of the interviews.

Holmes: ‘gold is probably going to $5,000’

Holmes suggested “unprecedented money printing” will continue. This refers to ultra-loose monetary policy undertaken by central banks to flood the economy with money.

Fiscal stimulus is harder to implement since it has to work its way through different layers and branches of government.

“It’s much easier for central banks to print money,” said the CEO of U.S. Global Investors. “And as long as that takes place with no checks and controls, then it could go to $10,000.”

Homes characterized the G20 industrialized nations as an OPEC-like “cartel” printing money. This is especially the case with fewer major currencies since the advent of the euro, replacing most of the individual European currencies.

Against this backdrop, “all of a sudden it’s much easier to print money excessively,” Holmes said. Besides low short-term interest rates, there also have been several rounds of quantitative easing, in which central banks buy bonds to push down long-term interest rates.

“It’s an incredible backdrop for gold, because it’s much easier to print a $1 trillion repo in U.S. dollars than it is ever going to be to produce $1 trillion in gold bullion,” he said. “It takes a long time to produce gold….So it’s going to retain that value.”

Holmes compared central banks’ constant money printing to the “dopamine rush” that leads to alcoholism.

“First one beer gave them that feeling, then it took five beers, then 10 beers….That metaphor is the same for drinking as for printing the money to try to stimulate economic growth.”

Meanwhile, the mine supply of gold is likely to decline over the next decade, Holmes said. There has been limited new technology to find new supply, as well as limited spending by companies on exploration. Further, he cited “tremendous” environmental costs of opening new mines, as well as “great risks” when mining far underground.

“All of this bodes for tighter supply,” Holmes said.

RE:RE:What a difference a year makes !

those npv were calculated using a lower gold price.
at $1500 gold price those npv would be higher.
the marmato pea only covered 2.2 million oz without covering inferred.
that is a fraction of the oz at marmato.
more infill drilling will increase the npv.
the phase 2 drilling reported last month is not
included in resources yet and it had large drill holes
like 73m at 5.72 g/t, and 174m at 3.86 g/t.

"since the latter part of 2018 on level 21 at Marmato have
tested a block within the higher-grade zone that is being
developed and will be placed into full production from
the existing mining operation starting next year."

marmato processing higher grade next year means good things to come.
by invest234 (84) sth

kkkrrr wrote:
GCM is damn cheap here... the investments in GOLD X (Toroparu) (30-40%) (NPV 800 million USD) and Caldas (Marmato) (75%) (NPV 250-300 million USD) alone are worth more as the current marketcap of GCM .... (Zancudo,Venezuela , Marmato Zone Alta NOT included)

Segovia alone ios worth 500 million USD (minimum)...


do your math ;)

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Ps.
opinion appreciated
TIA

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