Re: hoping for more than just an increase in POG
in response to
by
posted on
Jan 22, 2011 04:04PM
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With all due respect I submit to you that you need to be very selective to whom you listen.
What is the track record of the persons you are listening to? Gold has been in a bull market for ten years and very few people are on board yet because they have been listening to major economists who are paid disinformation specialists. Have you tried explaining to family members what they need to do to protect themselves? They will think you're from Mars. That is NEVER the case at market tops.
Very few people have any understanding of what is taking place in the economy and in the world. Finance is carefully and deliberately left out of the educational curriculum. Virtually no one has heard of the term "currency crisis." They can't explain what the term means. Most probably think it means "they can't get enough dollars." The lack of education is so bad that most people think that inflation is a rise in the prices of the things people buy. Even the dictionaries have been changed to reflect this idiocy. Lastly they don't recognize that this time the currency crisis is taking place, most particularly, in the world's reserve currency namely the US dollar, so that virtually everyone will be affected.
The people who have been right fot the last ten years expect gold prices to run to high four digit numbers if not five digit numbers.
No reasonable gold mining company will be left behind. Tyhee is not exciting to the market yet. Eventually it will be. You can't buy low and sell high if you don't buy when things are cheap. A good investor makes his money when he or she buys. They don't have to worry about when they sell becvuase they will always be in a position to do so if they bought when the valuable item was unloved and unwanted.
Tyhee has a stellar property, in a safe location, with good management. Whether they joint venture or go it alone is of no consequence. A property like this, in a market like this, is an almost sure thing. The preliminary assessment was positive, the prefeasibility study was positive. With the price of gold going up as it has been and will continue to do the success of Tyhee is a virtual certainty.
In spite of all the talk of recovery, the general populace is finding it harder and harder just to get by and sadly it will get much worse. There are two financial bubbles in the world right now and gold isn't one of them. The bubbles are US dollars and US Treasury bonds. Both will likely blow up within two years.
Gold hasn't yet hit the mid-point of its bull market yet. It's nearly there but watch what happens in the 2nd half; it goes exponential. As Jim Sinclair is fond of saying, It will light your hair on fire." You have seen nothing yet of what this market will do when those holding it back lose control.
P.