Hey everybody, economic ninja here I hope you’re doing well. We have a very, very serious situation going on right now with China and Russia literally hell-bent on destroying the dollar, not only as a a means of value, a means of trade, but literally the world Reserve currency. Now is completely completely on the line, as the brics Nations keep getting stronger and stronger. We are seeing China and Russia ramp up the agreements, the Accords with other countries. It is getting stronger and stronger by the day we’ve already heard about when Mexico uh applied for the bricks literally a mere month and a half.
Two months ago, we’ve seen the French President literally fly over to China, while his entire country was literally on fire with protests in the streets due to the necessary, in my opinion, raising of the retirement age. But it’s because it’s a Ponzi scheme, but he is over. There in China, literally making commitments in deals and telling the U.S that they should pretty much back off in one way or another. Now we have bigger news, that’s going on in China, and this is coming as literally.
The brics Nations have convinced 10 Asian countries to ditch the dollar. We are seeing every single day. It seems like another news story or another news story of company countries that are literally walking away from the US dollar in trade settlement and using either their own currencies or they’re using the Russian rubles, the Chinese Yuan, and so many other things. We’Re also seeing all of these countries doing one thing that together that the United States – and it seems like Europe, is not doing right now and especially in Canada, after they sold it all and that is buying gold. Every single one of these countries are out grabbing gold as fast as they can yet they’re, not doing it in a way that would cause the price to rise.
As you think remember, before the 2008 crisis, gold was a mere 600 and it literally took the 2008 crisis from six to 2006 to around 2011, we saw prices go from 600 to the 2000 Range. Well now we’re here during the greatest collapse, since the Great Depression. Literally, the U.S banking sector is collapsing, Regional banks have fallen and lost more dollar value in the last two months than all of 2008 combined. This is very, very serious now when I say people are buying gold, that’s what I’m doing, I’m doing it as a hedge of protection.
I also own gold equities, and this would be a pro a perfect time to say thank you to the sponsor of today’s video. Before we get into this news story about the bricks and that is U.S gold mining Inc, it’s traded on the NASDAQ under the symbol, usgo we’re going to get to that company in a second, because there’s a really interesting component of this company and how it plays Into the greater uh idea of how countries are trying to grab up not only physical gold but shares of gold mining companies right now, let’s dive into this story. Okay, now this story comes out of Watcher Guru and it’s entitled. 10 Asian countries agree to ditch the US dollar.
It says brics countries are looking to sideline the U.S dollar by launching a new currency to settle International Trade. The development challenges, the dollar Supremacy and could Dethrone it from the global Reserve status. The move is inspiring other developing Eastern countries to ditch the dollar and promote their native currencies for global trade. If the momentum continues, many more Eastern Nations could join hands and end Reliance on the US dollar completely.
This is very, very important information and I want people to understand that and the reason why is because, as you start to see One More Country, two more countries, three more countries at a certain point, you’re going. When is the bleeding going to stop? Or is this much bigger of a problem than we’ve ever thought, the more and more countries that join brics, the worse this is going to get, and the point is, is that most of the population in the United States is still under the delusion that this is Going to be fine, like d dollarization, even Dave Ramsey is on record just recently saying that he doesn’t completely agree with it and he thinks it’s pretty much fake news number one Zach you’re spending too much time on the internet first and foremost, okay, because you’ve gotten Into the conspiracy theory blanks here, but they’re tiny, butt little countries, and so when you put them all together, they don’t have the muscle to take down the dollar. They just don’t mathematically, it’s arithmetic, you know you can’t they just don’t have it. So it’s not going to take down the dollar is not going to be worth anything and I don’t know how to invest, because it’s going to collapse because freaking, Brazil, Brazil seriously Brazil, I’m am I worried about this, absolutely not absolutely zero.
Now, how do you feel about that? Do you feel it’s fake news, because I personally do not now it says right here: the leaders of 10 Southeast Nations and the members of The Association of Southeast Asian Nations have agreed to promote their native currencies for cross-border transactions. The 10 countries will reduce settling payments with the? U
S dollar and use their local currencies for transactions. If you don’t think this is a big deal, I’m telling you right now in the months to come.
It is absolutely going to be a big deal. It says the move will help these countries to end their dependency on the U.S dollar and significantly boost their native currencies. The Declaration accepted by the Assan, the acronym for this these countries, Nations, said that their goal is to strengthen bilateral and multilateral payment activities. Trading in local currencies would be faster, cheaper and easier to close deals than the usage of the US dollar.
The official declaration accepted by these 10 developing Eastern countries read, and I quote, we adopted the Assan leaders Declaration on advancing regional payment connectivity and promoting local currency transaction to Foster bilateral and multilateral payment connectivity arrangements to strengthen economic integration by enabling fast, seamless and more affordable Cross-Border payments across the region look the fact of the matter. Is this isn’t going away quickly and we need to anytime soon and we need to start to prepare ourselves and and and literally get ready for this, I’m doing what central banks are doing. I’M buying physical gold, I also own gold equities. Now let me talk about today’s sponsor and that’s U.S gold mining Inc.
Again, I want to thank them for sponsoring this video. It really helps me to be able to stay out in front of you and keep bringing the news like this about the brics Nations now, like I said before, this stock is traded on the NASDAQ, which is really exciting because it opens it up to so many Investors literally just about anybody with an app a training app, can actually access the information on this company and buy it or sell it if they want. This, isn’t a solicitation to buy or sell this security or any others. But it really is a good point: when a company takes the hard work to go and get listed on a major exchange like the NASDAQ, you know, they’re being really serious and in the gold mining sector, it’s very rare and again the ticker is usgo all right. So let’s talk about some investment highlights, because this is an interesting uh company and the reason why is because they’re project their main project that we’re going to get to in a second was part of another company and um.
It was such a great property that the CEOs of the company that owned it at first said. You know what we can’t just have this as one of our extra properties. It was such a big uh, uh property and the minerals and the gold and everything that was in it was so they were so excited about this. They said we have to spin this off on its own company. Now they did something really interesting about this and I’m going to get to that in a second it’s unlike the way they did the share offering, unlike any, that I’ve really seen in recent history, okay, but the company U.
gold mining Inc on on a couple. Things has a significant gold and copper project located in Alaska. It’S an emerging mining district with a significant exploration potential and board and management. Also, the shareholders have a track record of accessing capital. Okay.
So that’s really good, so you may have heard of Amir anani before he has been instrumental in starting many law: large mining companies, including gold mining, Inc and uranium energy Corp. He has a lot of to say vast experience in starting companies, publicly traded companies and watching them go big is an understatement, so he took this company and he started it. Why? Because the project was so big and it had so much potential that they really wanted to bring it out under the world stage. Now here we go creation of gold mining Inc was to advance and unlock the value of the 100 owned Whistler project.
That’S right: 100 owned. It has significant golden copper discoveries, like I told you before, but it’s also including a state-led initiative to build the future Access Road, including investment of literally 8.5 million dollars so far to date, to get this project accessible and and moving. But it’s even more accessible than you think. It’S fully permitted for exploration and the state eight roads to resources program unlocks that potential in this Alaskan Range all right.
So now, let’s talk about the Whistler project, The Whistler mineral resource estimate. When it came out, it showed a couple of really interesting details. First, off the resource was modeled from 70 000 meters of Diamond core drilling. You know when they go out, they take the drill, rigs put them into the ground, they drill holes everywhere. They have, they measure the length of feet, so they know when they start to find mineralization precious metals.
They know how far it is and how to go get it. It has three deposits, The Whistler, the rain tree and Island Mountain gold resources of 1
9 million ounces indicated and 4.7 million ounces inferred, copper resources of 422 million pounds indicated and 711 million pounds inferred exploration upside at multiple targets. Now something else that I really like to see before we get to the last thing, which I think is the most important ownership and capitalization summary. So, as you can see from the cap, take cable common shares outstanding.
The pre-ipo was a little over 10 million shares. The executive officers and directors held approximately a little over six percent and gold mining Inc literally held 93. Now the percentage of ownership was based upon 10 million, 135 million shares of common shares, and they that was outstanding as of April 19th of 2023.
This is a new company now here I’m saving the best for last, because this is very interesting. This is different, like I said before: it’s not every day that a mining company lists on the NASDAQ.
Why it’s a lot harder? It’S a lot more work. It’S so much easier to go. Otc start with the pink sheets get onto OTC and start upgrading right. It’S also a lot easier to start in Canada.
You start on the TSX and you move into other exchanges. Now, with that being said, gold mining Inked is something different. Not only did they list around the NASDAQ, and this is pure speculation on my part, but when they did their initial offering price it opened at ten dollars per unit or ten dollars per share. That’S very rare because normally a company when they go to raise money will be raising it. Pennies, literally pennies and they’d have a lot more shares outstanding.
This company, very different okay. So now here is the most important part. I think what we’re seeing right now there’s a position. They raise 20 million dollars right at ten dollars unit when it went public on the NASDAQ. It opened up around nine dollars and some change right.
It is since, since uh the end of April or mid to end of April, it has literally gotten up to around the 14 15 range, all right. Why would a company want to price their shares so high and have so little amount of shares out there? So we’ve already said the gold mining comp Inc owns a majority of these shares, so they’re, not in the game of liquidating these shares right. There’S a very small float check this out. I found an article and it’s entitled why small caps should know about the Russell rebalance, and I find this very interesting now don’t take this verbatim.
This is pure this part’s pure speculation, but it’s a very interesting article article. It says at this time of year there are a lot of discussions about the Russell rebalance or, as the ftse Russell, the owners of the index family. Officially call it the Russell reconstitution. Why does it matter and why should small cap companies care about it? It says here at the end of June the Russell rebalances its U.
indexes during its annual reconstitution to accurately weigh the 4 000 largest companies in the U.S stock market by market cap. The reconstitution is typically one of the most highly anticipated and heavily heaviest trading days. In the? U:
S, Equity markets this year, companies that are added to or deleted from or simply remain in, one of the Russell 3000 indexes should expect to see higher than normal volumes now check this out.
It gets even better. In fact, more than one-third of NASDAQ listed stocks are expected to trade more than their average daily volume in the NASDAQ closing cross on June 26th, and some will trade, an entire week’s volume on quote unquote Russell Friday. It’S called This is particularly true for Russell 2000. Editions and deletions criteria for inclusion in various Russell indexes are summarized, and here we go. This is the last little kicker right here.
The minimum market cap to be added to the Russell 2000 3000 is expected to be about 96 million. Let me know how we’re sitting down there with the market cap of gold mining, U.S gold mining Inc. It says this year compared to 152 million in 2019 and 159.2 million in 2018.
The high threshold was 262 million in 2007.
By 2009, the minimum dropped down to 78.3 million following the financial crisis in 2017. Russell added a requirement that a minimum of five percent of the company’s voting rights need to be owned by unrestricted shareholders for a company to be added. For the first time, existing companies will be grandfathered until 2022.
A couple things that are a little weird here and I’m just speculating here at mirinani, knows his way around markets and exchanges and starting publicly traded companies right gold, U.S gold mining Inc literally did its IPO at ten dollars right. It’S market cap has floated up close to where the Russell is right. It’S listed on the NASDAQ and this article talks about the Russell rebranding around this time of the year the rebalancing affecting these NASDAQ stocks. If, if mining companies like U.
gold mining started to try and uplift to the Russell that, would it’s owingly one thing to say that a bunch of companies can be, can uh uh funds and institutions can invest in these stocks that are in uh the NASDAQ? It’S a whole nother thing when they hit the Russell 2000 or the 3000. That makes it an entirely new ball game all right guys. I hope you got something out of this. The brics nations are serious and they are going to try and crush a dollar start to prepare yourselves look at gold as a hedge in inflation, guys, I’m not a financial advisor, I’m, not a financial professional, I’m just a dude with a brohawk and a dream.
All right guys, that being said, I’m out
