This chart TA the historical trend of the price of gold, based on 30 years of data - the price usually rises until January-February. The challenge is to catch the June lows -
This chart courtesy Federal Reserve Bank of St. Louis shows the total amount of debt in the USA is now 60 trillion dollars. This cannot possibly be paid off, and it will be inflated away. Gold and silver will benefit.
"Gold, unlike all other commodities, is a currency...and the major thrust in the demand for gold is not for jewelry. It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating." -– Alan Greenspan, ex-US Federal Reserve Chairman, August 23, 2011
Moneta Porcupine has 4M oz of Ontario gold. Ian Peres, President & CEO, Moneta Porcupine joins Andrew Bell for an update on the red hot stock performance of this miner, and shares what to expect next.
Moneta holds a 100% interest in 5 core gold projects strategically located along the highly prospective Destor Porcupine Fault Zone in the world class Timmins Camp, one of the best mining jurisdictions in the world with over 75 million ounces of past gold production and unmatched infrastructure including paved highway access, water, electricity, skilled labor force, and nearby mills.
A Preliminary Economic Assessment (Dec 2012) for the flagship Golden Highway generated a
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