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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

Message: Gold: Today's "Go-To" Asset?

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gordon48

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Re: Gold: Today's "Go-To" Asset?

in response to Re: Gold: Today's "Go-To" Asset? by mysticmike

posted on Mar 17, 09 11:00AM

Should gold reach a price of $1,500 an ounce, it won’t be its real value. Just like how its deflated price now doesn’t reflect real value either.

Rather, $1,500 an ounce would be the marked-up price caused by another inflation-fueled investor flood into the yellow metal.

As gold goes up, it gets more popular and investors start piling into it. And if gold gets anywhere near the $1,500 mark, sell. You know there is an old rule when it comes to exploration companies: don't pay more than two times cash per share if there are no proven assets in the ground.

Its all about the build up with gold; it always is that initial excitement and then it wears off. Lastly don't forget that Gold is a hedge against inflation; not necessarily a recession (though holding gold is never a bad idea)

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