posted on
Nov 06, 2007 11:16AM
Why gold, also silver, to buy stuff when paper is almost worthless, hyperinflation. Presently 1/10 oz of gold is worth about C$97, I think a merchant would accept that in high inflation times, also a 1/2 oz silver Canadian coin, the Timberwolf , is worth about C$9ish, we paid usd5.42 2 years ago. In some parts of Idaho,usa silver 1 oz coins are used in fair trade. I have been a lurker, not a lot to add to the Sand Gold story, we have owned shrs and sold, now in again for the long run. We like the story and in it for the money, what else, same as the employees. I know a little about mining, one thing that stands out for me is the dry mine, not much pumping, and easier to traverse the drifts and mains. Looks to me like management is very good, and real important for any company. We are Alabama, USA based, see you-all in Toronto next March, perhaps one of you can have a meeting location, breakfast or ?. JASMTS, or just plain Don.