Replies to post #18513 on Oidon Company, Ltd. (OIDN)

[RedSky]

anything can happen...at this point?

[RedSky]

here a bit of history and also calculation of gold.. on k..


24 KARAT GOLD FACTS
24K = 100% pure gold
22K = 91.7% pure gold
14K = 58.3% pure gold

Gold has been used as money for at least 3,500 years. The shekel began circulating in the Middle East in 1500 BC. The Chinese and the Romans followed with gold coins of their own. The ducat appeared in Venice in the latter part of the 13th Century and soon became the most popular gold coin in the world. Britain had its gold florins..


In the 19th Century, gold rushes open up various parts of the world to sudden development – including Alaska, the Yukon, Nevada, California, South Africa, and Australia.

In the 1840s, British gold sovereigns and U.S. $10 gold eagle coins were both considered legal tender in Canada. The first Canadian bank notes were partly backed by gold.[/u ]

[RedSky]

When prices fall dramatically, analysts look for signs that central banks are selling off their gold reserves. Many countries have been doing that. The Bank of Canada, for example, has sold most of its gold reserves and held just $56 million US in gold by the end of 2005.

Gold has long been a traditional hedge against inflation and demand for gold tends to pick up when inflation does.

And some price movements may simply be due to speculation from short-term traders who notice big price swings in either direction and want to join what they see as a bandwagon.

Investors are left wondering whether the next climb or plunge is just around the corner, followed by years of stagnant returns].

[AboveBlack]

They already have a few geologist working for MGMX. We need an American geologist.