Trump,

Let me get this straight, the entire U.S population ( or majority ) just elected a guy that  lives lavishly and doesn’t pay a cent of income tax….nor will he ………”ever” hmmmm

Something doesn’t smell right!

Hmmm, Last 30 years of economics rolled into one page….it’s okay I have Time!

FIAT “and so it shall be”

Well, where are we today…I think we are at a hysterical cross-road created by the fact that Central Banks think most of us are idiots.

Here is the question ? 

What weighs more ………..a single sheet of watermarked cotton blend paper with ink printed to indicate

100,000,000 ( 1 hundred million ) in a bond guaranteeing 4% over 8 years

Or

 1,000,000,000 ( 1 billion ) in a bond guaranteeing 4 % over 10 years )

Yes…they both weigh the same…!

The heaviest part of those bonds is the fact that the taxpayer is on the hook for the yield.

What is unfolding ……….right now as we speak……yes right now…

Yes that’s right….politicians trade yield not actual dollars.   Politician A asks for 100 billion yield 4 % for 10 years.  Politician B agrees and gives him the “bond”.   Politician B asks Politician A for 110 billion @ a yield 4.10 % for 10 years.  Politician A agrees.

So now you have created 210 billion in Pension reserves….and the payout ( off the backs of the tax payers above ) is about 4 %.  This 4 % comes from taxation, GDP, tax on commodities, goods, services etc.

So now create some 8000+ pensions with thousands of politicians…

Now remove the source of taxation….jobs etc….

Now try to collect on the original bonds/treasuries etc ?

It so obvious…I am going to vote the party that promises me the most ….! ( NDP in AB )  I wish I lived in B.C. ;  Christie is a Smokin Hottie (JMHO)

 

See the problem ??

Solution is simple…..”buy” something real….Land, Silver, Gold….real estate ( maybe real estate but it’s taxed too, so be careful )

Why does the Fed provide uncovered contracts on the COMEX.  2 reasons : # 1  because they can and # 2 because Nixon unhooked the dollar from gold !  At this point the race to the bottom started.  Central Banks have been issuing “financial instruments” at breakneck speeds over the last 10-20 years…..and quietly the borrowing rates have crept closer to the actual bond rate….there is no room left.

Well, so we get rid of currency…no problem !  I could live without paper money….no issues.

Organized crime ( excluding the government which is really, “very”, organized crime ) might have some challenges but it will be easy, trade a “hit” or two in exchange for XXX amount of XXX drug.  We lose a few CPP collectors along the way…no sweat…..probably not my kind of folk.

Or, Start a new currency…hmmmm no one will believe another currency….even a world reserve “all encompassing” super currency….will hold any will hold any weight…..remember the currency that rhymes with “Hipjoin” ….AKA Bitcoin…nothing to back it….just another FIAT

Hmmmmmm.  Well Gold and Silver, Platinum, Paladium, Rhodium…..etc.

Wait a minute ….back to physical currency as a reality….yes…maybe might work

Central Banks = miss trust

So no currency can be trusted…!

Gold and Silver ( and others ) have no central bank.  On the COMEX We are now @ 400 oz contract to 1 oz….physical!!

When Trump reads to this point ( I know he will, big captain time follower ) he will need to make a decision…weaken the dollar and let gold rise….or try to get both rising at the same time.

At $ 80,000 an ounce the U.S can wipe out 70 % of it’s debt ( 8,800 tons right ? )…and be on the path to maintaining Super Power Status…by letting other central banks accumulate silver and gold at these low prices…they risk someone else showing the world their reserve superiority….just a thought

“Every time” the Gold smash occurs on the COMEX the uptick in physical delivery on the Shanghai exchange is tremendous.

Why because the Chinese see gold and silver at “fire sale” prices…….I’ll take some of those please sorry sir there are more bars in aisle 9.  Silver is in Aisle 47 ( same as its atomic # ).

No one is really paying attention….and that’s okay with me………

Take the time, enjoy your life, enjoy your time, if you work for the government …well, then good luck with the rest of your time.  I take the time….I believe Gold and Silver to be good holdings.

Time is worth more than gold….Trump has a finite amount of time left, we all do….should we breaking our backs to pay the “fictitiously” created yield on money  that will never be paid back ?  

I guess time will tell.

Until next year!

“You bring the shovel….I’ll bring the lime”

Captain Time

 

 

 

Notice the drilling presented versus what has been done.  I believe we are in for more high grade and a much larger zone.

Cheap drilling !  Gold Friendly Jurisdiction. 9500 metre proegram 5600 metres presented ....still a few left.

142 x 2 gm's is a great start !!  got to start the hole somewhere.

I expect a few misses but we will see....400-600 metre holes WOW !

So news every few weeks.

I still would like to see 2 to 3 holes on Porcupine West....in strategic locations.  Great previous work.

If they struck something similar to borden....well we are looking norh of 4 bucks !!

GLTA

I got time !

 

Hmmm someon know the first 9500 metres is stellar...

Let's see what next Thursday brings....

Working Mill....tons of land....analysts on board for 2-3 bucks.

Nice !!!

 

CT

No worries...get the land before you announce the drill results....cheaper that way !!!  I Suspect over the next 2-3 weeks we will see the first 9,500 metres....and they are already "continuing to drill"  which tells me Dave P knows where he is going.

Yes, well gold will settle out...after Trump gets in and they realize...the Chinese are buying.  I think Trump might dismiss it...then maybe not...he will get the U.S. to accumulate or re-accumulate as much Gold as they can.  

Yes, the Shanghai exchange volumes are incredible for both kilobar gold and silver !   Note the rules...physical settlement must occur so volumes and trade dollars are calculated together.  I see a 90-120 day delay between gold jumping up in price and Shanghai volumes.

Chinese = real physical delivery

U.S. = naked contracts ( 2 years of production in less than 12 hours on the COMEX ) 

Really!!   well I believe the Chinese will announce they have XXXXX thousand tons...I think it will be north of 20,000...and they will back their currency... The U.S. could never come out with another type of currency...no one would believe it !! Thats why gold and silver will rocket !

Eventually the U.S. currency will default....has to...... can't pay the debts off.  Not enough inflation to support the wages and subsequent tax base generated to pay it off.  Just no possible.

It's a lot different now than it was in the 60's and 70's and 80's and 90's.  We are so much more efficient all the "good" manufacturing jobs are gone!!

$ 10,000 dollar gold ...if the U.S. has 8,800 tons then ....256660800 ounces or $ 2,566,608,000,000 2.5 trillion

Prefer $ 50,000 gold wipe out 60 % of the U.S. debt.

Maybe one day ....soon some one will say...hey honor these contracts and the COMEX will scramble gold all the way up to $ 50,000 hmmmm that would be nice

GLTA

I have time 

CT

 

Well, maybe Dave has found another mother load !  Acquire land then announce....i look forward ot the next few drilling releases

Told yah...second phase of drilling announced with Land acquisition .....just like Borden. Told yah more land ....

It's all good....Donald will get in Gold will stabilize....all the B  S in the U.S economy stats will shine through and we will see gold above 1450...soon

I got time !

CT

Well, could be ....and like you say nothing has changed....this happened during the first probe run Stock hung around 0.35 to 0.50 for along time....then went to 0.70 then hovered around 0.70 to 1.10 for a while then pretty much a straight shot to 2.25....then the roll back to 1.10 ( got as low as 0.95 ).   Then recovery to 2.35 and upwards from there.

If you have 500 + thousand shares...you wait it out....even if you sold it all above 2 bucks....trying to buy back in might net you a tidy profit but i dont think you can accumulate the same amount.

Anyways, I am still excited....if no NR before Christmas then i will be nervous...but for the most part.  they have 2 plays in action....and possibly a 3rd one. 

Dave's first hole at Borden came as everyone was watching the Chromite Action....and i couldnt find an announcement to say they were drilling....?  I could be wrong.

They could put a drill on West Porcupine...and punch 3 or 4 holes in key area's.   No one needs to know.

Drills, keep em spinning.  

The chinese see gold and silver as a store of value...transact more physical gold in a week than the COMEX does in a year.

At about 50 tons a week...someone is selling refined kilobars into the Shanghai....it ain't me, but it's someone.

A lot of broke countries....going broker....

JMHO

I have time....in fact my timeline is 3-4 years then walk away .....time is important, can't replace it.

GLTA