Welcome To The Metanor Resources HUB On AGORACOM

Metanor (MTO-V) is a new Canadian Gold Producer located in Quebec. It reached commercial production on December 1, 2013 and will produce 50,000 oz in calender 2014 with a present all-in cash cost of $1,018US.

Free
Message: Inflation!

Inflation!

posted on Nov 22, 2008 10:37AM

You hear all kinds of talk about inflation and the devaluing of the US dollar i believe these things will happen but it will be over several years . If in 2 years we have hyperinflation any progress we would have made in repairing the economy would be wiped out and a depression would be certain.

Personally i like gold around 700-800US reason being the supply demand ratio stays balanced it actually works in our favor as we are in a mining friendly jurisdiction and we produce fairly cheap. The higher cost producing companies would close and others such as us would benefit.

If gold goes to $2200 an ounce like some believe myself included and stays there for an extended period of time everyone and there dog will either be looking for gold or producing it and eventually we will have a gold price that is very undesireable.JMHO!CHEERS!

Share
New Message
Please login to post a reply