iHub Mining Sector Entrance Lobby

[echarters]

Well that is good housekeeping. Having nothing to sell when prices are highest. They display great financial acumen, in buying currencies when they are at their highest, and selling gold when it is at its lowest. Gold can now not fail to increase against all these currencies which are bound, after a boom, to decrease in value. Some may even go into hyper inflatinon. Foreign reserve holdings are often viewed as a good idea but the amount you have to have is staggering and can often be wiped out in one currency slide by a speculative run.

21 million ounces of gold is perhaps only 10.5 billion CDN.

We note that the US quietly holds more than 8 thousand tons of gold. They have been picking it up for years now.

Now they are in a position to arrest a currency slide.

For the life of me, I cannot understand how having paper is better than having something which fragile paper is intended to buy in the first place.

EC<:-}