Timmins & Beardmore - Northern Ontario

Focused on becoming a near-term Gold Producer

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Message: Explain this..??

Explain this..??

posted on Oct 09, 2008 02:40AM

If we are infact entering into some of the most uncertain times in recent memory, then why isn't gold at an all time high by now as this is all we have been hearing about for ages now! If people are flocking to gold then it should be going up 50-100 dollars a day should it not??? The recent world economic situation is as bad as it has ever been and gold was higher last spring before we knew the kind of trouble we would be in now. Also we keep hearing that the demand is to the point that you have to wait for physical gold to be delivered to you ???If this is true...shouldn't gold be flying right now? As of this morning, gold is struggling to keep at 900/ounce right now and is pulling back! Go figure, I for one am confused ,as this goes against what I consider normal practises in business 101. Remember in times of trouble we are always told that gold is a safe haven! What happened to that!

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