6,000,000,000 shares sold of 4 companies owned by Anil Ambani
Creditors sold a total 5.5 billion shares in four companies -- Reliance Power Ltd., Reliance Infrastructure Ltd., Reliance Communications Ltd. and Reliance Capital Ltd. -- leading to a 3-to-8 percentage-point reduction in founders’ stakes in these firms, according to filings. The sale is “illegal, motivated and wholly
unjustified,” the group said in a statement. Lenders dumped shares of Anil Ambani group companies they held as the value of their collateral plummeted about 126 billion rupees ($1.8 billion) this month, adding to the litany of woes plaguing the Indian billionaire.
Insider information for Gold
Hedge fund algorithm which provides an estimated value of Gold with no regard for how high or low a particular issue goes, relative to historical norms.
1Q, 2016: $1020 - $1048
2Q, 2016: $985 - $1005
3Q, 2016: $921 - $983
4Q, 2016: $875 - $918
1Q, 2017: $839 - $863
2Q, 2017: $798 - $820
3Q, 2017: $685 - $742
4Q, 2017: $549 - $622
1Q, 2018: $502 - $568
2Q, 2018: $460 - $531
3Q, 2018: $388 - $403
4Q, 2018: $279 - $374
If gold will go to $350/ounce, there will be no buyers. How will gold get sold ? So gold price will remain at $800/ounce to $1100/ounce. Without buyers, sellers are puppies.
At $400/ounce, gold investors will lose 15 years of profits.
I can say this...Mining and extraction is an oil intensive operation.Lots of heavy equipment and machines.With Oil bottoming like it is I would guess the mining, and extraction costs would go down, as well as the commodity price?The next biggest consideration would be Man-Hours, or Personnel Costs? Minimum costs for mining and extraction should be considered.
If gold goes to $500/ounce, there will be no investors till 2020. Gold is luxury. An American paid $170 million for a nude painting.
Employee of a hedge fund got the information.
IF gold EVER goes THAT low, that would have meant that there was a SEVERE contraction in global money supply.AND that would have meant that WWIII in earnest would have long since begun and is over, AND that would mean that there are very few ppl walking the planet, much less driving or doing anything else but looking for food and shelter if there is ANY to be found.
Russia leads global gold purchases to reduce reliance on US dollar
According to the WGC, central bank net purchases reached 651.5 metric tons in 2018, 74 percent higher than in the previous year when 375 tons were bought. It has estimated that they now hold nearly 34,000 tons of gold.The industry research firm said that central banks bought the most gold by volume since 1967. It was the largest amount since former US President Richard Nixon’s decision to end the dollar's peg to bullion in 1971.
The amount of gold bought by global central banks in 2018 reached the second highest annual total on record, according to the World Gold Council (WGC). The report noted that Russia bought the most gold last year.
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