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Jim Rickards: The real price of gold is not what you see on your screen
By James G. Rickards
The Daily Reckoning, Baltimore
Tuesday, March 2, 2021
What's the price of gold?
That seems like a ridiculously easy question to answer. I'm looking at a trading screen right now, and it displays a price of $1,733.80 per ounce.
That price may change a bit by the time you read this, but it would only take a fresh glance at the screen to get the new price. Case closed.
... Dispatch continues below ...
VanGold Mining Closes $16,950,000 Private Placement
Welcomes New Shareholders Eric Sprott and VBS,
and Sees Endeavour Silver Becoming Largest Shareholder
Wednesday, March 10, 2021
VANCOUVER, British Columbia, Canada -- VanGold Mining Corp. (TSXV:VGLD) has closed its non-brokered private placement of units at a price of $0.30 per unit, announced December 23, 2020, and expanded on January 19, 2021, January 25, 2021, and February 17, 2021.
The Company has issued a total of 56,500,000 units for gross proceeds of $16,950,000 with each Unit consisting of one common share of the company and one half of a common share purchase warrant. Each warrant entitles the holder to purchase an additional common share of the company at a price of $0.45 within three years of closing, subject to acceleration in certain events.
The company thanks the more than 180 subscribers, large and small, who have participated in this private placement. We welcome them to our adventure of potential mineral discovery and production of silver and gold in Guanajuato, Mexico.
VanGold would especially like to acknowledge the investment and backing of Endeavour Silver Corp., VBS Exchange Pty. Ltd., and renowned precious metals investor Eric Sprott. ...
... For the remainder of the announcement:
What's the price of silver? Again, the question seems easy to answer. My trading screen right now says $26.82 per ounce. That price also changes, but it only takes another look at the screen to fetch the new price. Nothing to it.
If only things were that simple. They're not.
In fact, establishing prices for gold and silver is far more difficult than it sounds. Further, the different prices on offer and the reasons for those differences can tell us a lot about what's going on right now in precious metals markets. ...
... For the remainder of the analysis:
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