First Mining Gold Corp (FF) Quote

I would be surprised if BRICS had their ducks in a row before then, but anything's possible I suppose. The timing of when BRICS comes online may not matter as much to them as it does to the U.S.

I don't think the BRICS are going away even if the U.S. goes back to a gold-backed dollar. They are already buying a lot of gold and dedollarizing. I don't know if that's going to change. Trump threatening to put 100% tariffs on them IMO doesn't seem to be very reassuring to continue on supporting the dollar.

These countries see tariffs as sanctions most likely.

That was good. But I don't think he realizes how much trouble the dollar is in. All central banks are buying gold for reasons beyond business as usual.
Fortunately, Trump knows it game over if the dollar fails and we don't have a major plan to counter that. Any other administration would have continued to be
indifferent to the attack on the dollar.

Ran across this interview talking about gold revaluation and tariffs. Gave some good color about the tariffs I didn't know.

I think it will be before then. He wants us to all to be able to celebrate it then.

You hit on exactly what I have been thinking as I read your and Seeker's posts......that July 2026 date has been brought up by Trump himself a few times. Do you think July 2026 is early enough to beat the BRICS to the punch?

Trump's already threatened to put 100% tariffs on BRICS countries for not supporting the dollar.

I think he wants to reveal that the U.S. is going back to a dollar with at least some gold-backing BEFORE the BRICS countries or China do it. That will be important in showing the world we're at least attempting to get our debt and spending in order. That's also why getting the gold we have audited and bringing more gold back to the U.S. needs to be done quickly.

It's right up Trump's ally to get all this done before the 4th of July 2026, which is the 250th anniversary of the USA. This is Taylor made for Trump and his MAGA theme. IMO this will happen by that time.

I think he wants to put the brakes on BRICS plan. He knows how and he knows the sequence of events required. And he has very little time.
Gonna be interesting to see how the chess master makes his moves. I'm just damn glad Kamala isn't at the helm. America was in a world of trouble
with no plan to deal with the issues. That has all changed. GOLD will be a very key part of the future financial reset.

Yeah, I believe it will happen this year too. Trump has a gameplan for all this gold repatriation and revaluation higher. It needs to be done as soon as they can get more gold back into the country. A real audit needs to be done so they know where they stand from a VALUATION standpoint.

They won't know what to reprice the gold at IF they don't know what we're holding. It's that simple.

Trump is obviously looking at a number to create from pricing the gold higher, but how would that be done without knowing exactly what you have? So, an accurate accounting/audit is necessary in making that calculation.

They also need to know if he puts us back on some sort of gold standard.

It really is that simple. Only question is when. Little doubt in my mind it will be this year.

I just got finished watching Charles Payne's show on the Fox biz channel. The last segment of the show was about auditing Fort Knox with DOGE and Rand Paul overseeing the proceedings. They were talking like this could happen in the not-too-distant future. I see Trump doing this audit.

More importantly for us Charles P. interviewed an economist that said something I don't recall ever hearing on MSM TV and that's if the dollar DOESN'T go back to some sort of gold backing its toast and can't last. Something we've talked about here a lot.

It would appear the rest of the business world is finally waking up to why gold is so important in a monetary system, fiat is unsustainable and eventually will become over printed and worthless. It's taken some time, but this is finally coming to fruition. They can talk about why physical gold is now starting to come back to the U.S. and IMO it's pretty simple. We need more gold to maintain a gold-backed dollar that's coming. Also, when gold gets revalued higher, we have more of it for our bottomline.

The Fellow being interviewed said if we don't get the gold back that's available now that it won't be there when we need it. No doubt about that.

Yes, and it all brings into question IF the gold they claim we have is actually STILL there?

I personally don't think it is and all this repatriation of gold we're currently seeing may mean they are attempting to bring as much of it back before the gold audit happens, which I think it will.

Trump will do it as part of the gold revaluation process is what we'll most likely see. JMHO.

I've been waiting for this audit for a very long time. The fact that it has never been done shows how corrupt
and in control the DS has been.

Here we go! I agree with Rand Paul.....let Elon Musk and Big Balls do the physical gold audit for this country. I bet they could get it right. Yep.

https://www.zerohedge.com/political/lets-do-it-rand-paul-supports-fort-knox-physical-audit-after-zerohedge-suggestion-goes

That was an excellent, informative, video talking to Basel III. I really enjoyed watching it.

She's absolutely right about what she's saying about gold being a tier 1 asset and everything that goes along with that. Andy Schectman talked about that on an interview I posted here last week. Gold is now required to be owned by banks again.

It's been a while in coming, but it appears we're getting every closer to that RESET MOMENT. i agree with what she said about the dollar being on its way out.

I just hope I can sell some FMG stock and reinvest some of that cash before its totally collapsed.

Here is a good presentation on how gold is become more important. Basel III , something I know little about, is discussed . https://rumble.com/v6ljpjg-gold-back-reset-accelerates-under-basel-iii-endgame.html?start=110

I just watched this Simon Hunt interview and was amazed at what he said. I was also impressed that he made it through the interview, as it looked like a couple of times during the interview he might keel over and croak. LOL

Anyway, he didn't, but some of what he said was really interesting, especially what he said about what China might do with their dollar holdings in Hong Kong. He also thinks the U.S. will revalue their gold higher, but that might bring on much higher inflation. Some of the geopolitical conversation was great too.

Without knowing what their game plan is for this revaluation, it's hard to say what they'll do, but my guess is that it will be inventive, knowing Trump.

This is all a big accounting trick IMO. The $42 valued gold notes currently held by the Fed, Trump tells Powell to move over to Treasury and Scott Bessent says they're going to be revalued at WHAT? That's what we don't know. Will it be market value at the time of the announcement or some other higher price they choose? IMO it will be something higher.

From what Andy Schectman said it can be any number they want to make it, so theoretically if Trump wanted to erase the $36 trillion in debt, we have on the books he could do it. The gold revaluation would be something crazy like $140K an oz. and I don't really see that happening.

If they say we're going to go back to some sort of gold backed dollar that in itself should set off a gold buying frenzy. Even if the dollar is backed by say 25-30% gold that would mean they have to have enough physical gold to cover that percentage. My guess is there's not currently enough gold for them to have and most likely why this gold repatriation is happening now. THEY HAVE TO BRING ENOUGH GOLD BACK TO THE U.S. TO COVER THEIR ASS FOR WHEN THEY MAKE THEIR MOVE. That's why IMO the gold repatriation is just starting and will continue until they get all the physical gold they need.

So, we should see the gold price continue to move higher as everyone figures out what's really happening. I think Trump's plan is to beat the BRICS countries to the punch on going back to a gold standard for the dollar. Someone made the statement in one of those videos that we may see a revaluation in not only gold, but other commodities and resources we have. That could also help pay down some of the debt.

This is all only good for higher gold and silver prices going forward. The smart money knows what's happening. Most retail investors don't YET.

P.S.: I firmly believe we will see Trump do a gold audit on the gold we have most likely AFTER this repartriation thing is over. That could also be when China finally reveals how much gold they really have too.

The one thing that isn't clear to me is exactly what Trump will do in the revaluation. Initially it is very possible he will only revalue the gold in our treasury as it is currently valued at $42.22/oz. How insane is that? When doing that let the market value be remain set by the market. Beyond that will he revalue it focusing more on some sort of gold standard currency reset? I think that too will happen and if so it should be at a much higher level than what he does with revalue of gold on our books.

Hi Seeker, thanks for posting those videos.

IMO something is going on below the surface. Physical gold is coming back to the U.S. in a very big way, and I think Trump is going to revalue gold higher and most likely OTHER commodities (silver) we have in this country. This is all being done to strengthen the U.S. balance sheet, so this gold repatriation is Trump's doing.

I believe as people begin to figure this out, that in itself will drive the gold price to much higher levels. That will mean the U.S. gold repatriation needs to continue and if it does gold will march higher. I assume they will bring in as much gold as they have access to before the buying stops. I thought Luke Groman made some good observations about how they want gold to move higher, while the dollar remains steady and doesn't go crazy high itself. Good luck with that, especially if a recession shows up.

This is fantastic news for the whole PM sector, but the bigger questions to be answered are: 1) What will gold be revalued to? 2) Will they return to some sort of gold-back dollar? IMO the revaluation is going to happen and I suspect the revaluation will be significantly higher than market price at the time of the revaluation. If they just do a partial gold backing for the dollar that would help immensely. They could also get rid of the Fed too. That would mean the end of gold suppression.

It's going to be interesting to see how this plays out, but FMG shareholders should be in a good spot here, if this plays out.

Very interesting commentary on gold future. Worth a listen.

and

O.K., here's Andy Schectman on Kitco. This Man has it nailed down. There's some info on this interview that he didn't give in the interview I posted yesterday. Check out the clip with Scott Bessent saying they were going to monetize U.S. assets. Andy explains that.

What he said about revaluating the U.S. gold is mind-boggling. If I heard him right, he said Trump can revalue our gold at whatever price he wants to. In other words if he wants to revalue an ounce of gold at $100,000 he could. Trump could totally wipe out our debt with a gold price that's high enough to do that. Unfucking believable.

The problem the U.S. has is how much gold do we currently hold and how much gold does China have? If Trump revalues our gold, he's also revaluing their gold.

This is getting interesting. Andy is making some amazing observations.



P.S.: Andy said that Bessent could tell Powell to do what Trump wants to do, so maybe waiting for Powell to finish his term is off the table. That may make this whole deal come sooner than later.

I don't see that finding more gold around Springpole as being an issue. What may be our bigger issue is how expensive will it be to get the gold ore to the Springpole minesite. They're probably going to have to build some roads for that to happen.

Here's Ray Dalio talking to Tucker Carlson about the coming debt bomb, that's inevitable. Dalio doesn't mention gold's part in this approaching disaster, but we know it will have one. Good listen.

Of course! You had me laughing there.....but in all seriousness, it was really good news to see the continued discovery of mineralization there.

I hope You mean the mineralization at Springpole is similar and not the way Dan gave PC away! LOL

In a way it kind of reminds me of....Pickle Crow.

You ask, "How can things wait until July 4th, 2026?"

I'll give a couple of reasons why it MAY have to wait until then. These are just off the top of my head, there's probably other reasons I'm not listing because I'm not aware of them.

1. If like Andy S. is saying, that this is gold being repatriated back to the U.S. by Trump before they revalue it higher, it would be my guess that this repatriation buying would be on going and not just a one-time thing. It makes sense they would want to accumulate more gold going forward and in the meantime the gold price goes higher and so does the revaluation number. A one trillion-dollar revaluation number for Trump would be a nice round number.

2. Trump may have to get J.Powell's ass out as Fed Head and put someone else in power that sees things like he does. Trump can't replace Powell until his current term is up and that happens in MAY 2026, so whoever replaces Powell (Judy Shelton) is a big-time gold advocate. Is the picture getting clearer now? There's probably some politics involved in this move too.

3. July 4th, 2026, is this country's 250-year anniversary. We know Trump likes to make big presentations and grand deals. What's bigger than announcing revaluing gold higher and most likely going back on some sort of gold-backing for the dollar. Trump has been saying this is America's new GOLDEN AGE; can he say it any bigger than to do something like this? I don't see how. Trump and his team see all this gold buying being done by the East and are trying to head this off is my guess to
save the dollar. Makes a lot of sense.

Anybody is welcome to add other reasons, but unless China beats us to the punch on backing the Yuan with gold, next year would seem to be a good time for this to happen for the reasons I gave.

IMO Andy Schectman made some fantastic points on what seems to be going on. Nobody's figured this scenario out yet, I still see the biz channels talking about gold moving higher on tariff fears. I don't
see that as the REAL reason.

Andy Schectman is the real deal.
How can things wait until July 4th 2026?
Things seem crazy right now.

Incredible information.  
As Andy said.  He doesn't know.  Nobody knows.  But he sure gives a plausible explanation. 

Bottom line all of these central banks are buying gold and taking delivery of gold.  The Gold ETF info was strange to hear.  I didn't really understand that part, but it sounds like all the big fish are taking delivery of their gold.

The whole Junior Gold sector is mispriced. 

Maybe one company here or there is priced reasonably but most are not.

Just look at Seabridge.  
Seabridge is my example going forward for this whole Junior sector.  
Seabridge has Silver. Gold. Copper, and Molybdenum (sp??).

I don't get why the SP goes down when gold is up. This is gonna get permitted, might need a JV to get Springpole over the like and use any proceeds to develop Duparquet. Dan said this NPV should currently be at 1.30 a share right now

O.K., Everybody this is a VERY,VERY important interview with Andy Schectman giving some really insightful observations about what's going on with all this gold and silver being repatriated back to the U.S.

Listen to what he says about what Judy Shelton has told him and what Scott Bessent is saying. This is pointing directly to this coming. This is also basically what Peter Boockvar said the other day.

I agree with him 100% that this is much bigger than just a tariff scare. This is Trump bringing it back for bigger reasons. For starts, gold revaluation higher and most likely a partial gold backing of the dollar, stable coins, etc. There's no doubt there's a plan for gold coming out of the Trump administration. This will be fantastic for PM prices and the miners.

Why wouldn't Trump want the gold price to trend higher before he revalues it? Andy said something about it could happen on July 4th of 2026.

Yeah, this is looking really good and the more they drill just around the main ore body, they find more gold.

That's not counting all the gold in the district areas there around the main ore body. Springpole is going to be a homerun for somebody, and it's not been explored yet to a large degree. Our Management was smart to come in and snap up some of the outlying properties around Springpole a few years ago now. Many of those properties have had some drilling done, but not a lot, so those areas will eventually add a lot more to the long term picture for a future mine.

The grades in these 3 holes appear to extend the Springpole ore body 120 meters to the east.  Hole number 11 was pretty strong top to bottom.

SP24-011, 
SP24-009, 

and previously reported 
SP24-007,

If the Stars to the Southeast are indications of future drill holes Springpole project might grow substantially.   Let's see what happens. 

Musk had better recruit a couple more teams of auditors to get busy and stop the bleeding. This is totally out of control and the fucking Deep State keeps screaming to not cut the fraud and stealing. LOL You can't make this shit up. PM's are going to da MOON.

https://www.zerohedge.com/markets/us-budget-deficit-hits-record-840-billion-first-4-months-2025-interest-debt-hits-record-12

News out from Springpole. The numbers look pretty good.

https://firstmininggold.com/news/first-mining-confirms-mineralization-expansion-opportunity-within-existing-springpole-gold-project-pit-design-at-its-east-extension-target

My guess is if they did any audit of the federal agencies in this country, they would FAIL. The fraud is widespread across the board. The bureaucracy/Deep State is mucking the whole thing up. Look at just what Elon Musk has found so far, and he's just scratched the surface. No wonder the DS has it's hair on fire and calling Musk SATAN. He's exposing the corruption and graft.

Trump needs to audit the FED and also do a physical gold inventory of what we currently hold. My guess is it's not all there anymore. If my memory serves me, they haven't had a physical gold audit since like 1955. Why? What are they hiding?

As much as Americans have been lied to by the government I hope Trump does an Audit on the  physical gold owned by the USA.  

I've always wondered how much gold actually exists in the vaults.

Another awesome interview by Alastair Macleod. He speaking to what he sees going on with gold now. The interviewer asks him some of the questions I thought were possible. Own physical PM's and store them yourself. Consider it gone if you don't.

This is a must watch interview. More discussion on the big flow of physical gold coming into the U.S out of the U.K.. These Guys are kicking around what may be going on with all these physical deliveries coming to the U.S. The amount of gold being delivered would equate to a big player being behind this. Is it the government?

There would appear to be a RUN on physical gold happening, so why is this ocurring now? Does this have some connection to Trump revaluing gold at current market prices? Maybe Trump wants to buy more gold before he revalues it? They mention the U.S. (Trump) may be wanting to do an audit on the U.S. gold supply, so are they attempting to cover their asses with possible gold shortages we have now? They even talk about possible tariffs being put on gold by Trump, so that may be something to consider. Who knows.

Something is going on and Peter Boockvar's interview from yesterday may be where this is going. This action is not happening for nothing.

If they pegged the dollar to gold, that would basically be going back on a gold standard in whatever percentage capacity they went to. I've read some articles saying that's what China may do and if they did it would that force the U.S. to do the same with the dollar? I think it would.

Let's face it, the whole world has pretty much run out of train track with fiat currencies, and everyone is sick and tired of seeing their buying power go to Hell with the inflation printing fiat has created. IMO this could happen when the debt bomb finally blows up and they can't fix it with more fiat printing. The higher the gold price marches the more relevance and attention it's getting.

Yes, it was not tied to what Boockvar was saying. I just threw it in as another example of possible positive headwinds for gold.

Gary Savage has some thoughts on the PM cycle and where he sees it going and for how long. Needless to say he's bullish.

I don't think pegging the dollar to gold is what Peter Boockvar was talking about in the interview I posted. He specifically talked about Trump doing a REVALUATION of U.S. gold.to current price valuations. IMO such a move is something right up Trump's alley. We know he likes to sensationalize things and surprise everyone.

What was being said about physical gold moving from the bullion banks and Comex back into the U.S. might be happening in anticipation of such a move. China continuing to buy gold hand over fist could be why that's happening. Everyone wants to hold as much physical metal as they can get before these major changes come.

Of course, if this all happens, as Boockvar said it could, such an event would put a major floor under the gold price and the bigger, unsaid, point being made would be gold is still relevant in the international monetary system. Such a move IMO would give a huge thumb's up to gold legitimacy going forward. I would also think that indirectly such a move would be very good for China too with all the gold they've been accumulating.

We'll have to see what happens, but I could see gold continue to run higher if this gold revaluation theme continues to be talked about. I was hoping to see gold higher this morning and it's down a little. Maybe just taking a breather.

I would think the miners would also get a major boost higher on any gold revaluation being done and the miners moved nicely yesterday with the big gold move we saw.

Andy Schectman and Kirk Elliott were also talking about pegging the dollar partially to gold recently. They said they're seeing unusual gold market activity. Great, we should do that in some manner to get the spending under control. Sooner or later we have to do that.

I just heard this news on CNBC fast money about gold. This could be game changing.

Peter Boockvar was on talking about the move higher in gold. He said his sources were telling him the Trump administration is possibly looking to move the country's gold reserves from the Fed's authority to the Treasury's authority AND reprice gold from the current on the book's valuations of $42 an ounce to valuations that gold is at now. At today's valuations that would be a dollar value of around $800 billion for just the revaluation higher of our gold

More importantly that would change the whole paradigm for gold perception. This move has been talked about before and from what Peter B. said it could be coming. WOW.

I found the interview and the link is below.

https://www.cnbc.com/video/2025/02/10/treasury-gold-holdings-worth-closer-to-800-billion-says-bleaklys-peter-boockvar.html?msockid=05bd2072b4756a2724a435fdb5226b62

Well, we hear daily of why this move in gold is happening. There are many different reasons why it could be going on. I've posted some on this board.

I suspect that a lot of PM buying may simply be on the back of FOMO in gold right now, just like we're seeing in the stock market. IMO this move is not related to a fear trade, war, or safe haven buying, which is normally some of the biggest reasons investors move into gold. That hasn't happened
yet and we're still breaking new price highs.

Where will the price be when we get to those points? Who knows, but my guess is we'll hit a high (probably over $3K) and pull back from those levels. I still see a recession coming and the Street is not. Gold and the economy will pull back if we get that recession, but a recession will mean more money printing and QE will follow. Gold should take back off higher for good, if that comes to fruition.

Every little bit extra helps, right? Certainly China freeing them up to invest in gold is one contributor to gold's performance the last several days. Thanks for letting us know about that.

Here's just another reason why we could be seeing this move in the gold price. China is allowing insurance companies there to invest in gold.

Just imagine where the gold price moves when the West finally starts to invest in PM's.

https://www.zerohedge.com/precious-metals/gold-tops-2900-china-pushes-insurance-companies-precious-metals

Oh.  Interesting.   Mr Neumeyer already owns 5% of Snowline Gold.  His name does not appear on the New Found Gold presentation.  However,  Eric Sprott has apparently invested $260 million into New Found Gold.  I guess that is his own money.  Not sure.

This is the video interview where Mr Neumeyer mentioned Snowline Gold and New Found Gold as attractive M&A targets that may be under the radar.  The question was, Does Keith think this bull market will float the Juniors as well as the Majors.  The answer was "If a major takes out Snowline Gold for $1 Billion then that Billion will get circulated down to more Juniors.  

I don't get the impression that Mr Neumeyer is looking at either of those companies as Merger opportunities with First Mining.

He mentioned that First Majestic has been successful by purchasing producing assets and increasing production with those assets.  

I'm not sure First Mining is the best fit for First Majestic.  There will be a good fit for Springpole.   Let's see who steps up.