>>5846652 (lb) Sea bed gold mining is overhyped. Will only make a marginal difference in supply. Meanwhile, asteroid mining is a pie in the sky fantasy. Even as AU is restored to its true central monetary role and demand reaches unprecedented levels, and even as mining reserves are critically low due to slashed exploration budgets for years just to survive as companies, and even as what is indeed left in the crust dwindles toward the vanishing point. Not to mention that much of the stored gold is rehypothecated God only knows how many times–several if not many "owners" for every oz. When the music stops, there are going to be a large number of bankrupt fools who believed paper claims to gold were legit. If you don't hold it, you don't own it.
Mark Twain was correct when he said a gold mine was a hole in the ground with a liar standing in front of it. How much more would that be enabled by mining on the sea bed or in space? A potential investor would have zero chance to tour the properties & would be forced to rely on and believe whatever the prospectus said. There could be literally nothing there….it could all be a money laundering operation or just an investor scam. No thanks—show me the money.
Am in the camp that thinks the evidence for Yamashita's Gold etc. is convincing. There is more AU hidden off books than people know. Still a gold bull though, because of the many bullish factors. But really, if someone had enough sense to put 10% of the portfolio in PMs, AG is the screaming buy of all screaming buys, not AU.
After caucusing for hours last evening to develop a new strategy, Shill Team 6 is unable to come up with anything substantive that has even a prayer of affecting anons' based paradigm. The best they could come up with is to dilute and distract, and return to failed shill campaigns. Like a dog returns to its vomit.
Well yes. Evidence is piling up that the entire historical timeline has been falsified. If so that would probably qualify as a bigger planned propaganda event.