Re: Scary Stuff
in response to
by
posted on
Dec 29, 2009 12:56PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
You are IMO spot on Belted, most I work with and associate with are still taking advantage of the low interest rates and refinancing so as to buy cars and TV's. Huge discounts and incentives tempting them in to buy. I am occassionally asked about gold and if I still believe in Gold Investments, however upon inquiry I find most are still holding the same funds they held in 2007 or have gone to cash. Maybe time will prove them to be correct, however the Media on this side of the pond is no different than that on your side. Breaking stories that I know are significant never see the light of day and we are distracted with meaningless drivol. Our biggest local paper recently made a well known communist, envoirnmental activist the guest editor for every article printed in the paper. I phoned them that day and cancelled my home delivery. I had to argue with the fellow on the phone and eventually ended up asking to see a manager that could carry out my instructions without having to explain myself. I would also cancel the television feed but my spouse likes House and I like to indulge in the odd hockey or football game. I continue to look at the Macro economic picture and I still believe that there is no safer place to be invested than the emerging junior producers in the heart of one of the most stable, mining friendly jurisdictions on the planet. SGR, LSG and well financed exploration plays like RMX all fit that mould. When LSG has a run and investors make money, I do not look at their price with envy or show disdain for our management. I see a competitor that is leading the way around the track and setting the pace. Higher valuations for others merely brings attention to the companies in the sector that now stand out as a bargain.