Will the day come...?
posted on
Feb 16, 2009 11:49AM
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Good day all,
I have been doing some calculations, and trying to figure out what one ounce of gold in ground such as that owned by Tyhee "would" be worth in a sane world...BUT
that has got me to thinking more....
Essentially, what we investors in Tyhee are waiting for is a change in perception, i.e. a change in the perception of a what a share in a company like Tyhee is worth.
Of course, ever since the fall crash, I have been kicking myself for being "greedy" and not simply buying real gold (or something like cef), where the perception is much more positive today...shares in companies like Tyhee represent something simply too far away from gold one can hold in his hand to be attractive today.
So, the question now becomes Will the day come when the perception of the value of an ounce of gold in the ground owned by a junior will be highly valued?
Some days I have my doubts...
What worries me most is the breakdown of social order; if the financial system collapses, will our shares survive?
Of course, if the system holds together, governments print their way out of the mess (and into another one), and the stock market remains intact, then we should be fine. However, the stock market remaining intact is starting to look like a risky bet some days.
Any thoughts?
stone