Re: Gold has taken its lumps

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)

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bravekind

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Re: Gold has taken its lumps

in response to

Re: Gold could be as 900$ / ounce next week...

etnom1

posted on Nov 19, 2008 07:44AM

I think gold has held its value better then any other investment. And if you take the long view (more then 1 year) this statement includes cash. Same with silver!

Gold sells today exactly what it sold for 1 year ago, more if you include the premium you pay for a one ounce coin over spot ($59).

Silver also, which in the spot market is selling for about 9.50, if you add the premium over spot, which is $5.00 you're coin is worth a little more then it was one year ago as well.

So gold and silver are even+, investors haven't lost a cent. Gold and silver mining companies are at steal me prices.