PDI 3.57% 8.1¢ predictive discovery limited

https://www.youtube.com/watch?v=NYkySycDYgEA good chat. Video is...

  1. 810 Posts.
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    https://www.youtube.com/watch?v=NYkySycDYgE
    A good chat. Video is time stamped, just scroll over the time segments.

    Write or wrong, can't deny there's some good points in there to remain aware of. A few interesting points for me that Marin made around:
    - Implementation of polices to provide confirmation & assurance of gold quality, purity, ethical sourcing and the effect it may have on pricing.
    - And considerations around where to invest your money in discoveries. PDI ticked some important boxes there for me but each to their own.

    Articles below of substance. Not much PDI directly related so skip if not into Macro:

    Scams:
    https://safehaven.com/commodities/precious-metals/Inside-The-Biggest-Counterfeit-Gold-Scandal-In-Recent-History.html

    "Maybe" the LMBA auditors are doing the rounds....
    June 2020:
    https://www.reuters.com/article/us-gold-lbma-perth-mint/lbma-says-it-will-investigate-perth-mint-gold-sourcing-allegations-idUSKBN23J2IB

    http://www.lbma.org.uk/faqs
    LBMA performs checks on each Member and Associate as per its Due Diligence Policy. Such checks are performed throughout the application process and on an ongoing basis upon acceptance of Membership.

    Perth mint's like, don't even sweat it LMBA, we've got this under control, How's your steak? the wine list here is amazing......
    Next minute, July 2020:
    Mine to mint traceability:
    https://*********.com.au/security-matters-perth-mint-establish-world-first-traceable-mine-market-gold-solution/ (Small [email protected]#ps article)

    I'd love to be in this next room, wouldn't you......what.png

    Each year the LBMA forecast gathers the opinions of selected bankers, traders and analysts who follow the precious metals markets with their forecasts for the high, low and average dollar fixing price per troy ounce for gold, silver, platinum and palladium. The aim of the LBMA forecast is to predict the average, high and low price for each metal as accurately as possible. The prediction closest to the average price wins. In the event of a tie the forecast range is taken into account. In the 2009 LBMA forecast Philip Klapwijk took the prize for most accurate forecaster for both gold and silver prices
    https://en.wikipedia.org/wiki/London_bullion_market

    Enjoy your Sunday coffee's. Monday the white noise brigade is out again......redface.png
 
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