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AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012

GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More 

  • The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
  • Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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CONTINENTAL ENERGY  Geothermal Energy Project Receives US$ 11.5 Million Grant Read More * Client

AGORACOM Launches Graphite Stocks Blog

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  • FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc. Read More   |   *SPONSOR

  • LOMIKO METALS (TSXV:LMK) Paul Gill Discusses Exploration Initiative with James West of Midas Letter Read More   |   *SPONSOR
  • GRAPHITE DEMAND Seen Surging from Fuel Cells, Nuclear Reactors, Graphene Read More

 

 

Message: Gold Supply and Demand

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Re: Gold Supply and Demand

in response to Gold Supply and Demand by bbomans
posted on Nov 11, 09 10:10AM

There is a lot of truth in that article. But my preference is to follow Jim Sinclair's site for the real news that never gets talked about on the news or printed in the papers. He knows the truth as no one else does. Wall Street and the GSEs and the LBMA have papered over bullion gold to such an extent that they control or regulate the price of bullion. As Jim says, there is a new 800 pound gorilla in the room and they are not going to be swayed by the machinations that take place in New York, Chicago and London. A new world reserve currency is going to be established and gold will be an important part of it. And that gold will have to be audited once a year. The ETFs and especially the GLD are not audited and never will be because they only exist as a paper entity that possesses not one ounce of stored gold in bullion form. I believe that the price of gold is going up because there is very little physical gold available on the open market and demand continues to grow. All the paper tigers (ETFs) that have been created were put in place so that the paper players can join in the fun and ride the wave higher and then take their paper profits as they see fit. But as in all paper games, a day of reckoning comes along, as in 2008, and destroys any value there is in the paper world. So it is incumbent that the new world reserve currency gets put in place in a timely manner. Then, the true value of gold bullion will rise to the levels where it should have been all along.

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