Go and give the London Bullion Market Association the kind of review they deserve! They only have a few reviews on google. We have currently 1400 in the Jungle and 123K apes! We can make a REAL IMPACT by WORKING TOGETHER. Lets make sure that anyone looking them up on the worlds most popular search engine knows what kind of business they are!
Take ACTION.
Don't dream it, DO IT!
rfa https://www.lbma.org.uk/videos/lbma-2021-price-forecast-review
In this LBMA webinar, Frederic Panizzutti, Rhona OβConnell, Dr Thorsten Polleit, and ReneΜ Hochreiter discussed the key factors underpinning their LBMA Price Forecasts, analysed what prompted prices to drop, and whether they would change their forecasts based on what they know now.
When asked whether gold will reach their respective predicted peaks and averages, Thorsten β who was bullish, with a predicted peak of $2,680 and an average of $2,300 β said that he was βoptimistic that the price correction will end soon and the price of gold will return to its long-term price trajectory, given the underlying trend is determined by the expansion of the worldβs money supply.β
ReneΜ was among the most bearish analysts in the LBMA forecast with a average prediction of $1,650 and a low of $1,590 based on a stronger dollar, rising equities and a fast recovery in China and the United States. βEvery factor I looked at is pointing to a weaker gold price, which I think is still relevant,β said ReneΜ. βPossibly not $1,650 though β I would go to $1,700 for the year if asked now. I think itβs going to correct quite significantly this year, and itβs not over yet.β
Rhona was on the bull side in the price forecast β with a predicted average of $2,084 given geopolitical risk, an increase in economic stimulus, and negative real interest rates. When asked whether she stands by this forecast, Rhona said: βNo. I remain in the bull camp, though. I can understand why prices have reacted how they have since January. There is a lot of money in the global market β and especially given the U.S. stimulus announcement yesterday β but if we look to the longer term thereβs a lot of money looking for a home. There are fund managers who are looking at gold as a risk hedge. The proliferation of negative interest rates is not going to go away.β
Listen to the full webinar, where the panel continues to discuss their gold forecasts, as well as Bitcoin, palladium supply issues, rhodium, and silver price forecasts.
#gold #silver #moneyprinting #dollar #bitcoin #economy
https://preview.redd.it/zp4satwone971.png?width=1080&format=png&auto=webp&s=e8e7b8f199841dac347d3c8c569791eebdc53289
The London Bullion Market, the location for buying gold has been struggling for years. Not financially, the Russian lust for the yellow metal saw to that, but intellectually. The traders behind the London Bullion Market always prided themselves on their ingenuity and mercantile skills. Entire macroeconomic studies were developed to guide the trade of gold.
Russiaβs βnew economicsβ, where the state had suddenly decided it wanted to adopt a gold standard, the London Bullion Market suffered a devastating intellectual blow. One trader described it as:
> βIβve spent decades at Oxford, and have a PhD in economics. Russia even announcing intentions to adopt a gold standard is so far removed from reality thatβs its no longer fun. Earning money of the backs of those poor suckers is no longer the gentlemanly sport of bullion trading London is known for.β
Although Russiaβs was widely described as βno funβ by economists, it was the recent Sepharadi discovery that was the nail in the coffin. For years, tensions between international and Sepharadi economists had been high, as a result of their usage of the number Ome. Everything from basic economic theory, to the spreadsheet tools used for accounting broke in the face of Ome. Needless to say, the entrenched academia was not happy with this new finding, especially seeing as how Sepharad was hesitant to share many details on Ome. Being told everything you know is wrong is already bad enough, not being told why or how is infuriating. Issues only compounded when the Gentlemen of the London Bullion market found out they had become the butt of jokes.
However, discussions kept itself at βagree to disagreeβ, or perhaps at βI donβt want to deal with that topic, so Iβll ignore itβ. Some commend the bullion tradersβ professional attitude in this sense, while others say its simply the stuff British lip.
All hell broke lose when Sepharad discovered El Dorado however. Differences, even fundamental, in economic theory is one thing. A city of gold is on another level. Almost 80% of all gold bullion traders were seen throwing their hands hopelessly into the air and giving up when the news broke.
The remaining 20% are suffering heavy casualties to why-do-I-still-try-to-trade-gold-when-Sepharad-has-so-much (WDISTTTGWSHSM). They, alongside the London Bullion Market have taken up refuge in Cardiff. Bank of Wales has taken over
... keep reading on reddit β‘
And in U.K. we pay 20% VAT on top for silver and they still seeing unprecedented demand. Itβs definitely happening!
Here's a deliciously shiny slice recently bought from Silverback Precious Metals.
https://silverbackpreciousmetals.com/
I'd been reluctant to buy more physical silver for a while. One of the reasons was the high premiums (40% for Silver Eagles??). I'm also not a fan of giving my money to businesses that are actively betting against me in the futures market. Most of the large bullion dealers sell short futures contracts to hedge their price risk.
https://www.jmbullion.com/gold-and-silver-dealer-hedging-infographic/
Whenever a large raid occurs, bullion dealers sell a large amount of their physical stock. Since they have less supply to hedge, they close out some of their shorts which temporarily pushes the spot price higher. However... as the dealers restock supply, they increase their short positions, helping create a whipsaw effect in the futures market. This makes it difficult to sustain the upwards price movement needed to attract high-adrenaline momentum stock traders. If we know this, JM Morgan knows this.
My goal isn't to demonize bullion dealers, but to encourage innovation. I'm sending a marketplace signal that I favor businesses who promise not to bet against me in the futures market and not outsource to a third party.
Disclosure: I know one of the owners of Silverback Precious Metals personally, so I'm biased in their favor. That said, I'm also a huge fan of what Jake is doing. Check him out as well:
It's encouraging to see several businesses avoiding the paper silver. Hopefully, more will follow suit. Happy stacking Apes!
https://preview.redd.it/oronetm7j3q71.jpg?width=4096&format=pjpg&auto=webp&s=a5a0ceba12836bcc916046261d268f5b5a061231
Hello fellow apes!
This question goes to you that live and buy silver in London. I have googled and got some answers but i want some inside from my fellow london apes.
What im looking for are dealers who sell bullion and bars. In London, if they have good price and accept cash, thats even better.
Proto Gold has just announced a stunning multifaceted partnership with πΊπ³ United Nations Peace messenger and Alumni Support organization, WAFUNIF. Proto Gold is now the official global WAFUNIF blockchain technology provider and charity partner.
πΊπ³ WAFUNIF WEBSITE:
βIt is through Financial Alliances that we can promote the development of communities in development by facilitating access to funds destined to make them self-sufficient and self-reliant. We work to empower communities by providing them financial and knowledge resources needed for developing their full potential.
One of our main mandates as established in our constitution is to help the bridge the science and technology divide. We do this by putting together scientific and technological resources for communities that canβt afford them. Additionally, we bring top scientists, engineers to work on creating local capacity and giving the communities access to the needed resources for their development.
Our mission is to promote and preserve local communities and their cultural manifestations in all the rich aspects of their lives. Our participation is to facilitate with the utmost respect, their own expression and provide the tools as necessary for their integration to todayβs world with its advantages and to avoid its drawbacks.β
Proto Gold is only 4 weeks old and currently has a $4.6 million market cap. It has achieved already more than 12x & nobody is swapping their gains back to BNB.
π₯ Coingecko was listed within 24 hours,
π₯ CoinMarketCap applied and is currently pending.
π Liquidity is locked for 2 years and after this point, only the DAO (holders) can move it.
π Core member tokens are verifiably locked in the contract and vested for 2 and a half years.
π Look at solidity file #28, where you can verify lock up and vesting period for core members allocations (15%), they also hardcoded the core member wallet address in the same file
π This project is potentially massive. Everything they are releasing is in 6 languages. Ask yourself why go to the effort of publishing your content in English, French, Mandarin, Arabic, Spanish & Russian? Thats 6 x 35-page whitepapers, 6x 13-page litepapers, and 6x every instruction video they have released on YouTube.
Team comment:
βReal use cases are a rare thing in crypto. As crypto enthusiasts, we have seen projects create tokens that are supposed to have a use case but in fact, it's mainly a way to gath
... keep reading on reddit β‘
You have massive short positions in Silver and Gold futures. During last year's price slam-down, JPM took the opportunity to exit their short position. You are now in trouble, you have 6 months until NSFR restricts your ability to trade paper gold. When do you engineer the price slam-down to get out of your short position? My thought was always the first 2 weeks in August, when the whole world (and London specifically) is on vacation and not paying much attention to the markets. You can slam the price, get out of your shorts, and not look back. Not saying this is a definite, but if the BB are planning on being NSFR compliant, this is what i would expect to happen.
