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Here's another way of getting control of the gold price
Combine the biggest producers and then undersell the smaller ones so the price of the metal goes down until the smaller producers liquidate at distress prices. Central banks could help finance this by leasing gold cheaply to the conglomerating producer, as they assisted Barrick with its first round of acquisitions, including Homestake Mining in 2002 and Placer Dome in 2006. In a federal court filing in 2003 Barrick even formally admitted being the agent of central banks in controlling the gold price:
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Barrick Makes $18 Billion Hostile Bid for Newmont in Gold Mega-Merger
By John Benny
Reuters
Monday, February 25, 2019
Canada’s Barrick Gold Corp offered to buy U.S. rival Newmont Mining Corp for nearly $18 billion in stock on Monday in a hostile takeover that seeks to combine the world’s two largest gold producers.
Newmont responded by saying it had already reviewed and rejected possible deals with Barrick and said its own $10 billion pending purchase of Goldcorp Inc. made more business sense.
... Dispatch continues below ...
First Vanadium Acquires Strategic Land Position
Extending the Carlin Vanadium Deposit in Nevada
Company Announcement
Thursday, January 31, 2019
VANCOUVER, British Columbia, Canada -- First Vanadium Corp. (TSXV: FVAN, OTCQX: FVANF, FSE: 1PY), formerly Cornerstone Metals Inc., has made a strategic acquisition of the southern extension of the Carlin Vanadium deposit 6 miles south of Carlin, Nevada.
The company has gained mineral rights to an additional 200-meter strike length of the Carlin Vanadium deposit through an access and mineral lease agreement to approximately 80 acres of private (fee simple) land immediately adjacent to the Carlin Vanadium property (called the Cole Creek property). Six vertical holes drilled by Union Carbide in the 1960s on this adjacent ground demonstrated a southern continuance of the Carlin Vanadium deposit with thicknesses ranging from 10.67 meters to 28.96 meters (average 18.54 meters or 60.8 feet) and grades ranging from 0.37 to 0.82 percent vanadium oxide (average 0.57 percent V2O5). ...
... For the remainder of the announcement:
https://www.firstvanadium.com/index.php/news/2019/485-
Barrick said its acquisition of Newmont was contingent on the company scrapping the deal to buy Toronto-listed Goldcorp, adding that its offer was a "significantly superior" option for Newmont shareholders.
"The combination of Barrick and Newmont will create what is clearly the world's best gold company, with the largest portfolio of Tier One gold assets," Barrick Chief Executive Officer Mark Bristow said in a statement.
"Most important, it will enable us to consider our Nevada assets as one complex," he added. ...
... For the remainder of the report:
https://www.reuters.com/article/us-newmont-mining-m-a-barrick-gold/barri...
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