Seabridge Gold

Investor: CASE FOR GOLD

PLEASE NOTE THAT THIS INFORMATION EXPRESSES THE VIEWS AND OPINIONS OF SEABRIDGE GOLD MANAGEMENT AND IS NOT INTENDED AS INVESTMENT ADVICE. SEABRIDGE GOLD IS NOT LICENSED AS AN INVESTMENT ADVISOR.


The Gold Market: Making sense of chaos
Friday, 11th November 2011

The third quarter began well for gold and proceeded to get better until September 21 when it seemed to step into space, falling 20% ($280) in just a few days. This event demonstrated how sensitive gold is to perceptions of central bank policy. What happened?

Read More


Why is the gold price down when there is so much financial turmoil?
Friday, 30th September 2011

It is never easy to say with certainty what is happening day-to-day in the gold market. By nature, this is a private market which is opaque by design...those who own gold do so in part because it affords anonymity and independence from the conventional financial system. That said, here is our best guess as to the reasons behind the 20% decline in the spot price of gold from its recent high above $1900 to a low of $1535.

Read More


Does gold hedge against inflation?
Tuesday, 27th September 2011

Yes, depending on what you mean by inflation. Most people assume it means increases in the CPI - Consumer Price Index. Using this argument, gold's high of USD$852 per ounce in 1980 should equate to an inflation-adjusted high of about $2,400 today.

Read More


BASIC FACTS ABOUT GOLD
Thursday, 8th September 2011

There are about 5 billion ounces of above ground gold supply worth about USD 9 trillion at current prices. Less than half of this is in deliverable, investment-grade form. The above ground gold supply is growing at about 1.5% annually, the 300 year average.

Read More


The Gold Market
Wednesday, 10th August 2011

In our last report in early May, we suggested that investors buckle up in preparation for a run in the gold price. Events have unfolded as expected. Gold has now established its own path as the premier vehicle for the preservation of wealth independent of currencies and other asset classes (whether commodities, equities or bonds). The decision in early August by the Swiss and Japanese central banks to intervene in the markets to weaken their currencies has served notice that strong currency alternatives to gold will not be tolerated. And gold is once again the preferred reserve asset of the world's central banks: South Korea, Thailand and Kazakhstan joined the ranks of buyers in the last 30 days.

Read More


The Gold Market: Time to Buckle Up?
Wednesday, 11th May 2011

Is the gold market now approaching its moment of truth? The mainstream continues to ignore the relentless rise of the gold price, proclaiming each new high to be a 'bubble' top, noting again and again that gold has no real use, cannot be eaten and pays no dividend or interest. But in our view, beneath the surface, confidence in the current monetary order is being eaten away by the twin cancers of rising debt and reckless monetary expansion. Are we approaching a major market dislocation which fundamentally changes the perceived value of gold?

Read More


The Gold Market
Thursday, 11th November 2010

In our view, the next phase of the gold market has begun. The stealth bull market of the past 10 years is now going main stream. For the last decade, gold has mostly traded with the commodity complex, negatively correlated to the US dollar, in what has recently been called the 'risk-on-risk-off'' trade. But as

Read More


The Gold Market
Monday, 9th August 2010

In our view, the next leg up in the gold price is imminent. The deflation scare we have been predicting is now in full bloom, right on schedule. The Keynesian inflationist economists are using this fear to gather support for an expansion of the Federal Reserve balance sheet in the form of further quantitative easing ("QE").

Read More


The Gold Market
Friday, 23rd April 2010

In our Shareholder Reports, we have been saying for a decade that the price of gold is inversely related to investor confidence in paper assets - fiat currencies, stocks and bonds. As confidence in these paper claims declines, the relative value of physical gold tends to rise.

Read More


BASIC FACTS ABOUT GOLD
Wednesday, 18th November 2009

There are about 5 billion ounces of above ground gold supply worth about USD 5 trillion at current prices. Perhaps half of this is in deliverable, investment-grade form.

Read More