Paul Van Eden is a source for ideas based on some success in buying under valued junior mining companies. I don't agree with Paul's assesment of what he calls gold's true value because he uses government figures for his conclusions and not the more valid numbers that John Williams uses. Yes, he is full of himself.

Fair values of mining companies should have been used as opposed to his assessment of subjective gold values. When he said he sold gold in the first quarter of 2008 he mis-spoke, he should have said the juniors which he exclusively deals in. In the first quarter of 2008 gold was in the $900 to $1000 range, so he really shot himself in the foot saying he took profits then as the metal continued much higher into 2012. A litle bit early Paul?

I had thought folks would see past his wild ideas about gold and more towards his idea of outstanding juniors that had excellent cash hoards and great projects like Probe has which will continue to attract attention from savy investors. Sometime back, I quoted saying even with a declining gold price, good juniors with expanding resources will, basically, go againt the metals's trend.

Sorry if I freaked anyone out concerning his ideas for the fair value of gold, it was intended to make folks feel better in this generally poor junior sector when Paul spoke of the requirements for successful juniors of the future which I firmly believe Probe is one of. Wish I could have edited the video like I do with posted excerpts. Know how you feel as I sat in on many hours of wasted time trying to accept all that mumbo-jumbo that was coming out of the pipes of many economics professors.