Replies to post #9899 on Medinah Minerals (MDMN)

[roundmot_6]

I do not know a whole lot about this subject, (bet you never thought you would hear me say that about anything), so the best I can give you is my uneducated opinion based upon things I have been told. As laymen, we are all very impressed with the price of gold, copper, silver, moly, and other metals. However, I suspect that those in the industry, are less concerned about today's prices than they are with the projected world-wide demand for those metals over the next 5-10 years and beyond. I have been told that they will not see any revenue from the Alto mine for a minimum of 3 years. So I would think that today's prices have very little to do with how soon they close the JV. The price of metals will have changed a thousand times by then. But the demand will keep going up, regardless of price, as countries like India and China continue their emergence as world powers. JMHO of course.

[jackrix]

rayfer22, Articles like this aren't going to help our "gold as reserve currency" thesis. At least in the short term.


I STILL see the Central Banks moving more into gold since there really aren't many other options if the US continues to hold interest rates essentially NIL while the USD continues to fall, which I think will happen at least until later in 2010.


http://www.koreaherald.co.kr/NEWKHSITE/data/html_dir/2009/12/09/200912090010.asp