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Next time you hear a pitch about declining mineral discoveries, keep in mind it is a story miners have been telling for decades, said Douglas Silver, CEO of Balfour Holdings.
On Friday Silver joined editor Neils Christensen, Kitco correspondent Paul Harris and mining audiences manager Michael McCrae to record a podcast.
Silver has had a career being on the right side of industry trends. He was founder of International Royalty Corporation, which was acquired by Royal Gold in 2010. Total deal size was C$750 million.
Douglas Silver told Kitco Roundtable he looked at pitch decks going back to the ’80s, which all show a decline in mineral discoveries. What changes over time is that companies don’t disclose a resource until it is material, and changing commodity prices also changes what constitutes a discovery.
2:30 Inflation and gold
11:00 Gold ETF flows
24:32 Interpreting prefeasibility studies
38:00 Lack of mineral discoveries
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Private Gold And Silver – Who Owns Yours?
With so many people now trying to get their hands on private gold and silver the question comes up – what should I get? There are coins, bars, numismatics (collectible coins) jewelry etc. There are a number of factors to take into consideration, and I believe one of the biggest is – Who Owns It?Private Gold And Silver Versus Fiat Currency
In times of economic uncertainty like we’re faced with today, making a case for owning private gold and silver isn’t very difficult. More and more people are coming to the realization that our paper dollars are just a symbolic representation of value, but really have no true value whatsoever. Until August 15, 1971 at least those dollars had the backing of real money – GOLD.Silver Investing – The Year-End Gold to Silver Ratio And What It Means
The prices of gold and silver closed at $1,531 and $28.18 per troy ounce respectively on December 30, 2011. Those prices resulted in a ratio of gold price to silver price of 54:1. The 2010 year-end ratio was 45:1. In April of 2011 the ratio hit a multi-decade low of 31. In 2010 and early 2011 there was much written about the gold-to-silver price ratio. In the latter half of 2011…not so much. Silver crashed and did not recover. What does this unexpected turn of events mean for silver investing?A Brief Guide for Potential Gold Buyers
Are you considering buying gold for long-term investments? Many people today prefer buying gold online because of convenience. This article provides more information about gold trade and investment.What Are the Best Ways to Determine Gold Bullion Coin Value?
For those new to investing in gold, things can get confusing pretty fast. How can the value of a coin be accurately determined? Well, here’s a solid method to use before making your final decision.Gold Price Predictions for 2012
It is a known fact that gold continues to be one of the most attractive commodities as far as investment and hedging against inflation is concerned. After the major economic debacle in 2008 people have started losing faith in stocks, shares and mutual funds and they would rather be happy investing in gold. This has indeed resulted in the spurt in gold prices over the least 4 to 5 years.Gold Price Prediction
Predicting the prices of metals and commodities over a medium term and long term is a difficult and challenging task to say the least. There are a number of factors that come into play and there could be a number of internal and external factors that could also come into play. Of all the precious metals, the most traded and the mostly commonly stocked metal is without doubt the yellow metal or gold.Wall Street Wants Gold Prices to Rise Above $2,000 in 2012
There is always a certain level of speculation involved when trying to predict whether gold prices will rise or fall in any given calendar year. Historical charts for the last few years would lead you to believe that gold prices will continue to increase. But there are a host of factors outside the traditional “supply and demand”.The Importance of Education When Investing in Silver
When it comes to investing in Silver, there are many ways one can participate. However, without proper financial education, many hazards exist for the new silver investor.Investing in Gold Is Wise
The N.I.N.J.A Generation: Why investing in physical assets is the only way to financial security in the future. Gold and Silver are great assets for both investing and for long term store of wealth. This article will cover how gold and silver investing can boost your long term assets.