HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Free
Message: Who

Re: Who

in response to by
posted on Oct 08, 2008 12:30PM

I,m by NO means an expert on any of this market termoil, and while I understand the price of gold going higher, I'll be the first to say that I was never in gold because as a small retail investor who is just an average guy making an average salary, I could never afford to buy gold (the risk reward for the few ounces I could afford to buy...even when gold was lower...just would't give me the kinds of returns that stocks can do). Therefor, I put my money into stocks and unfortunately, now I like many am underwater. Nonetheless, going back to gold...I am also a strong beliver that it is becoming overpriced (in the sense that so many people have lost so much in their portfolios that they won't be able to afford gold). Mabe I'm totally wrong as I'm no market expert, but like we saw with oil, it could lead to demand destruction for gold as well. Please don't SLAM me for these thoughts, as it is only one opinion., and I could be completely wrong, but long term I think gold could go higher but will then come down with a THUD.

Share
New Message
Please login to post a reply