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Good deal for both sides. Peter monetizes a subscale, management intensive bullion dealer, and gets pid on an ongoing basis for his core competency, marketing and communications.
Gold Money gets additional assets to bolt onto an at scale bullion franchise with long established management competence, and gets access to a marketing machine

I was unhappy with my old supplier, so I recently purchased from Amagi Metals. Excellent service! I’d definitely recommend them.

@sopocko Thanks, I’ll check them out. What didn’t you like about your old supplier?

Hi Paul,

I recommend using LIBERTY.menu to find businesses within the liberty community. Here is the link for metals http://liberty.menu/goods/metals/

@paulmcatee , The only thing wrong with them was that it took MONTHS to get my stuff.
With Amagi, I ordered the slow way, by check, and my order was for a back ordered item, and it STILL arrived in less than half the time my old supplier would have taken.

@sopocko I agree, Amagi is great. I have not tried Agora Commodities.

Welcome, Paul!
You might be interested in this guide by Liberty.me member @vincentmalherbe , who works with Global Precious Metals:
http://liberty.me/guides/how-to-buy-sell-and-store-precious-metals/

If you are interested in a vacation to Thailand, walk into any gold shop here, buy as much or as little as you wish, and walk out with it in your pocket. No delay for delivery.

And nobody will ask you for ID. (On selling, yes, they want ID, but not to buy.)

Finding gold shops is easy: Every neighborhood and town has gold shops. Most in…[Read more]

@retired
If he buys much his pants might fall down . 😂

@sofee I did Maurice, thank you.

Matt
Much more coming. On a discounted cash flow basis, Franco Nevada’s cost of capital is sub zero. I think they will soon announce a massive, absurdly cheap bond deal.
They will apply the proceeds buying long lived precious metals streams on world class base metals mines.
Those streams, valued as base metals cash flows command an 8 times gross…[Read more]

@rrule How does a company get a sub zero cost of capital on a discounted cash flow basis? Does this simply mean the discount rate calculation, which includes the weighted average cost of capital, is overstated and should be lowered even further or is it a much more complicated analysis than that?

Yes, Franco is an amazing story. To see them not…[Read more]

@sofee
On Franco’s part, an arbitrage, or rather, a double arbitrage. The first is the valuation discrepancy between the precious metals cash in a base metals revenue stream, or segregated.
The second is the arb between the cost of capital, and the return on capital employed.

@matt77
If one determines that the enterprise value is substantially in excess of the net present value of the assets, using the commodity strip, and discounting at the forward prime strip, one can say the to raise equity at the EV prices conveys on the issuer a sub zero cost of capital.

@rrule That makes sense.
So because the company trades at such a premium i.e. “enterprise value,” to their discounted assets; issuing shares at the enterprise level causes the issued equity, to have a sub zero cost of capital.
Thanks for the pointer, I’ll have to remember this.

@matt77
Correct. In old school analysis, when an equity issuance takes place at a level above the level that would occur as a function of discounted NPV, then the financing is said to be accretive, on a cost of capital basis.
Note that in certain cases, ” redundant assets” ( assets not generating a current return) can distort this analysis, to…[Read more]

Both because i think of my physical gold as a savings account and my silver as a current account ,and my paper gold assets as play money that will be sold to buy more physical ! hope this helps

@eddmcg1 I have a similar thesis. I view silver, platinum, and palladium as my savings, and gold miners as speculation to use as currency to payoff existing debt should the currency collapse. Of the 4 the 3 I hold in bullion are at a better discount than gold. When the masses will awake they will purchase gold miners with the impression that…[Read more]

So on a monetary level two ounces of silver per month in today’s terms is 30EURO. 16 grams per week. Average monthly wage is 2000 Euro per month , lets hope the euro dose’s not collapse or silver has a lot of catching up to do !