Here is very probably NAK's single largest investor. I think he is the top gold stock investor in the world, fwiw, Marin Katusa.
but I am gonna digress a tad
Personally, I watched NAK out of the corner of my eye for at least the past 12 or 13, and I remember owning it briefly at around 11 bucks during its heyday, but where it was only still a discovery story but the market was hot (it is just getting hot now, we are very early, and here is why imho: People today are not buying gold at all in America, who do you know who is going to gold shops who coming home and saying, I just picked up some more silver eagles, another 200 bucks worth? NOBODY. THE GENERAL PUBLIC AND RETIREES who have all the wealth, is out of the market. I bet gold at this moment is at an all time low in terms of its ownership in american portfolios.....It generally approaches 3 percent, and during a really hot year when gold is soaring, like 1980, it gets much higher than 3 percent. I bet today it is perhaps 1/10 of 3 percent, and yet gold is near an all time high, think of that. ..........we are at an all time low in individual investment portfolios, and yet the government is essentially destroying the alternative currency, FIAT, in America and in all economies around the world....
Only the specialists are owning gold now, specialsts gold funds and some very wealthy people around the world, the people who are so wealthy they simply want to preserve their wealthy, they could care less about making another dime, and this group is the group that generally owns at all times.
So what will it take to really get the gold bull off and running in earnest. FEAR. Believe it or not, there is not a lot of fear in financial markets, some of course, and this will get worse, but what really pushes in the BIG GLOBAL MONEY IS FEAR OF THINKING WHAT YOU OWN IS LOSING ITS VALUE........When people think, hey, it is getting bad out and every friggin month my dollars are getting worth less and less, I gotta do something. This is the key sentiment.
"I must act or in a year from now I will own so much less. I gotta take the plunge and buy some gold and just preserve what I have worked my whole life for..." And it has to exist, this sentiment, or rather grow in a sense, for a long time for it to catch on. Right now only the very smart people own gold. They herd is happy with the market rebounding, but the forces are now set in place, irretrievably: the currencies have to deflate. They are doing this but so far it is more of a trickle. The dollar is still the world's reserve currency, and it has not really lost much at all. But this is gonna happen. And when it does happen, gold will be at 2500 bucks, and that is when the fun starts, because will run much earlier than general sentiment, it will have already anticipated events all quiet like.
just for funzies, if you examine the prior gold bulls that were spectacular, in the 1930s, the late 70s, and the one starting in 2001, you see the metal goes up a minimum of 400%, but it can be significantly higher, and gold miners a multiple of this. And these things can last a decade. I believe we just resumed this bull, or rather perhaps, started a new one, last summer give or take.
So what does this have to do more specifically with NAK? Aside from people buying gold equities, NAK has two critical attributes even among gold equities: IT IS IN A SAFE JURISDICTION is the first. What will happen is that there will be a confiscation here, a confiscation there, a code revision here or there, among some substantial mines around the world, in the 3rd world, and this little trickle will be noticed. Right now, you will not see these billions of dollars the miners are just starting to make, get readily deployed in the 3rd world...The EXECs are not stupid. Sure, they will finish their projects, but there is no rush now to build something new in the 3rd world, to put a company's life on the line. There has been a chilling effect now, and this will get worse.
The SECOND THING is that when the public and even generalized funds start coming into the market, they will see pebble, which can justly tout itself as the largest, free world gold, copper and silver deposit on earth, and probably the largest period, especially given exploration potential. This new global money will do a very strict, simple calculation: "I do not have to discount whatsoever for jurisdiction, so where are the cheapest gold and copper and silver ounces on earth? Where do I get the most bang for my buck? I want cheap ounces, which will have over the next decade by definition the greatest percentage to rise, because I am getting them now as the cheapest purchase, a mere 1cent on the dollar, actually a fraction of one cent on the dollar? .........and it is this calculation which will permit large funds to safely grab some NAK. It is a real A to B calculation, no fuss, no muss, not even having a whole lot to do with production, but the massive mine NAK will be building (in partnership?) will be the real deal sweetener. The new global or generalist money can sleep well at night.
All of this starts in earnest in the next couple months after 15 years of blood sweat and tears. As Tom Collier said most critically this past week, during his radio interview, 'IT IS A GO."...tHAT WAS THE KEY CRITICAL THING HE SAID, REFERRING TO THE LIKELIHOOD OF THE PERMIT AND ALL HIS HARD WORK AND THE COMPANY'S WORK WITH THE ARMY CORP AND THE AGENCIES...........Z
IT IS A GO."
He cannot legally say it any better, or rather, more explicitly, and this phrase, his conclusion kind of leaked out, in my opinion.
tootalljones
but I am gonna digress a tad
Personally, I watched NAK out of the corner of my eye for at least the past 12 or 13, and I remember owning it briefly at around 11 bucks during its heyday, but where it was only still a discovery story but the market was hot (it is just getting hot now, we are very early, and here is why imho: People today are not buying gold at all in America, who do you know who is going to gold shops who coming home and saying, I just picked up some more silver eagles, another 200 bucks worth? NOBODY. THE GENERAL PUBLIC AND RETIREES who have all the wealth, is out of the market. I bet gold at this moment is at an all time low in terms of its ownership in american portfolios.....It generally approaches 3 percent, and during a really hot year when gold is soaring, like 1980, it gets much higher than 3 percent. I bet today it is perhaps 1/10 of 3 percent, and yet gold is near an all time high, think of that. ..........we are at an all time low in individual investment portfolios, and yet the government is essentially destroying the alternative currency, FIAT, in America and in all economies around the world....
Only the specialists are owning gold now, specialsts gold funds and some very wealthy people around the world, the people who are so wealthy they simply want to preserve their wealthy, they could care less about making another dime, and this group is the group that generally owns at all times.
So what will it take to really get the gold bull off and running in earnest. FEAR. Believe it or not, there is not a lot of fear in financial markets, some of course, and this will get worse, but what really pushes in the BIG GLOBAL MONEY IS FEAR OF THINKING WHAT YOU OWN IS LOSING ITS VALUE........When people think, hey, it is getting bad out and every friggin month my dollars are getting worth less and less, I gotta do something. This is the key sentiment.
"I must act or in a year from now I will own so much less. I gotta take the plunge and buy some gold and just preserve what I have worked my whole life for..." And it has to exist, this sentiment, or rather grow in a sense, for a long time for it to catch on. Right now only the very smart people own gold. They herd is happy with the market rebounding, but the forces are now set in place, irretrievably: the currencies have to deflate. They are doing this but so far it is more of a trickle. The dollar is still the world's reserve currency, and it has not really lost much at all. But this is gonna happen. And when it does happen, gold will be at 2500 bucks, and that is when the fun starts, because will run much earlier than general sentiment, it will have already anticipated events all quiet like.
just for funzies, if you examine the prior gold bulls that were spectacular, in the 1930s, the late 70s, and the one starting in 2001, you see the metal goes up a minimum of 400%, but it can be significantly higher, and gold miners a multiple of this. And these things can last a decade. I believe we just resumed this bull, or rather perhaps, started a new one, last summer give or take.
So what does this have to do more specifically with NAK? Aside from people buying gold equities, NAK has two critical attributes even among gold equities: IT IS IN A SAFE JURISDICTION is the first. What will happen is that there will be a confiscation here, a confiscation there, a code revision here or there, among some substantial mines around the world, in the 3rd world, and this little trickle will be noticed. Right now, you will not see these billions of dollars the miners are just starting to make, get readily deployed in the 3rd world...The EXECs are not stupid. Sure, they will finish their projects, but there is no rush now to build something new in the 3rd world, to put a company's life on the line. There has been a chilling effect now, and this will get worse.
The SECOND THING is that when the public and even generalized funds start coming into the market, they will see pebble, which can justly tout itself as the largest, free world gold, copper and silver deposit on earth, and probably the largest period, especially given exploration potential. This new global money will do a very strict, simple calculation: "I do not have to discount whatsoever for jurisdiction, so where are the cheapest gold and copper and silver ounces on earth? Where do I get the most bang for my buck? I want cheap ounces, which will have over the next decade by definition the greatest percentage to rise, because I am getting them now as the cheapest purchase, a mere 1cent on the dollar, actually a fraction of one cent on the dollar? .........and it is this calculation which will permit large funds to safely grab some NAK. It is a real A to B calculation, no fuss, no muss, not even having a whole lot to do with production, but the massive mine NAK will be building (in partnership?) will be the real deal sweetener. The new global or generalist money can sleep well at night.
All of this starts in earnest in the next couple months after 15 years of blood sweat and tears. As Tom Collier said most critically this past week, during his radio interview, 'IT IS A GO."...tHAT WAS THE KEY CRITICAL THING HE SAID, REFERRING TO THE LIKELIHOOD OF THE PERMIT AND ALL HIS HARD WORK AND THE COMPANY'S WORK WITH THE ARMY CORP AND THE AGENCIES...........Z
IT IS A GO."
He cannot legally say it any better, or rather, more explicitly, and this phrase, his conclusion kind of leaked out, in my opinion.
tootalljones
