Growing trust in gold makes it the perfect place to hide - Nov 16th, 2011 15:37 by News 16-Nov (Mineweb) —
A loss of faith in the political system and the currencies that underpin it has been growing over the past few months.
Its most visible manifestation is the “Occupy movement that has moved from Wall Street all over the world.
Its second most visible manifestation, some would argue, is the price of gold and the throngs of investors that are buying the yellow metal in all shapes and forms.
Speaking to Mineweb.com’s Gold Weekly podcast, Erste Group gold analyst, Ronald Stoeferle says that in recent months there has been a distinct shift in investor attitudes and a growth in fear.
“Where before at the end of presentations I was asked whether or not gold was in a bubble and what my long term price targets are, no I am increasingly asked for my views on gold confiscation and what the chances are like for further riots in the streets,” he said.
“The monetary aspect of gold is getting more and more important. People don’t want to make big money, they just want to preserve their purchasing power and their wealth.”
CALVF a profitable low cost Gold Producer - with plenty of Golden hard rock treasure - well hidden Gold chests - oversold & undervalued - strategic Golden bargain play -
Caledonia 3rd Q's Recorded Net Profit of $8,442,000 compared to $742,000 in the comparative quarter which represents an 11-fold increase -
history often repeat itself -
What if we invest in Caledonia Mining Corporation and CALVF become a LION -
ex. in 1975?.. take a look at the past gains in a few Gold mining juniors:
What if we invest in Caledonia Mining Corporation and CALVF become a LION - note. it was in 1980 and the Gold price high @ fiat$875.-/oz - when Gold goes higher the Gold stock prices will explode compared to the above LION -
Blanket Gold Mines Field - 268 gold mines workings been discovered - some hand dugg shafts etc. 1000yrs old and many recent workings since the last 100yrs - CALVF has only got a sniff of the golden mother load below -
Gwanda Greenstone Belt - Blanket Mine Producing Claims Click on map to view larger version.
working on to extend the Lima shaft to 1000m deep base to facilitate production capacity to Au 100,000 ounces per year and with the great cash flow to reopen many more of the old gold mines workings for the mill capacity is available -
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