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Monday, August 11, 2008 10:23:16 PM
PZG is far better than most juniors out there.
It has control of one prime property,San Miguiel,plus lots of adjacent land.That of course excludes the desirable looking Mexoro deal.(Fine assays that side of our fence too.)
I am down too much to laugh about on my juniors so my opinion might well be discarded.
I would make a couple of comments though.During the great 1970s precious metal's bullrun,gold and silver were not on a nice,straight,stressfree climb.There were down years.Do look back to those historic charts.I do not know how the juniors reacted to those downturns,year long as some were.I do know,at the later stages of the run of runs;finding a cheap junior was mission impossible.
The medium term future of the juniors I still believe,resides in the underlying metals.That thought invokes a plethora of questions.
Is there good reason to more believe gold will be valued as money?
Will mining gold costs continue to rise?
Will wars,civil instability,draw people to gold?
(No depression has ever occured without accompanying war)
What might happen to paper money?
How many bank-type shocks are still coming?(I think of the coming ARM crisis,the coming superannuation fund write downs)
Away from PM.Will the BRIVCs world keep the huge infrastructural spending currently occurring,going?If so,copper,cement,iron ore,zinc,chromium et al,will be needed and marginal demand may increase(As opposed to decrease)
Then an underlying question.To what extent are commodity price moves now a product of hedge fund and investment bank games,as opposed to supply and demand factors?
Is deflation or inflation running the game?Personally I fear massive deflation more than inflation,but that could be a little naivety by me.For example,moderate inflation will make currently overpriced houses become reasonable-maybe over a 4 year period.With serious deflation,when does the ball stop riolling?For example,in the 1930s,house prices in the USA were worth about 70% of an inflation adjusted housing index.That suggests deflation could halve USA housing from her.That is frightening.
Frightening as that % figure is, figures exclude the demand destruction,the other assett value destruction,the compounding job losses.
In Australia the housing scene is as bad.In the UK,possibly worse,in Spain,in Italy!Budget deficits in the west,and trade shortfalls ,are common,too common.
Inflation or deflation,or a mix of both?Either way,some insurance in the precious metals seems wise.Heck,even Jim Rogers suggests having gold insurance.
Recent PZG News
- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 09:02:07 PM
- BLM and DOGAMI Agree to a Joint Reclamation Bond for the Proposed Grassy Mountain Gold and Silver Mine • GlobeNewswire Inc. • 05/21/2024 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/16/2024 08:40:03 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 05/16/2024 08:34:13 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 08:15:50 PM
- BLM Issues Notice of Intent for Paramount Gold’s Proposed High-Grade Grassy Mountain Gold and Silver Mine • GlobeNewswire Inc. • 03/19/2024 11:00:00 AM
- Form S-3/A - Registration statement under Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 03/08/2024 09:52:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:30:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 03:50:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/15/2024 10:30:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/15/2024 09:30:36 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/13/2024 09:15:29 PM
- Form S-3/A - Registration statement under Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 02/06/2024 09:06:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/31/2024 10:00:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/31/2024 10:00:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/31/2024 09:35:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/18/2024 02:59:47 PM
- Paramount Gold Nevada Closes $15 Million Financing With Sprott Streaming • GlobeNewswire Inc. • 12/28/2023 12:00:00 PM
- Paramount Gold Announces The Voting Results Of Its 2023 Annual General Meeting • GlobeNewswire Inc. • 12/13/2023 10:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/13/2023 09:50:22 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 09:15:40 PM
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 11/07/2023 10:22:31 PM
- Paramount’s Grassy Mountain Receives Notice to Proceed From Oregon State Regulators • GlobeNewswire Inc. • 11/06/2023 12:00:00 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 10/26/2023 08:41:57 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 10/26/2023 08:34:15 PM
Maybacks Adds Award Winning Show to Its Lineup Discusses Maybacks Opportunity • AHRO • Aug 22, 2024 11:30 AM
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • NBRI • Aug 22, 2024 10:28 AM
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Mawson Finland Provides Update on Exploration Activities at Rajapalot • MFL • Aug 21, 2024 9:06 AM
Avant Technologies to Implement Robust Cybersecurity Measures for AI-Driven Healthcare Solutions • AVAI • Aug 21, 2024 8:00 AM