Replies to post #9808 on Explor Resources Inc. (fka EXSFF)

[luvtohunt]

Real money never dies. Currencies always die. Just a matter of time and trust. In the past, only few currencies go thru this at a time. Today is unprecedented with all currencies debasing at the same time.

Traditionally, Cypriots would have moved their vulnerable accounts into dollars or francs or something they felt was safe... Today neither of those are any safer than the Euro, so what do they do? Truth is, it wouldn't matter what currency their accounts were denominated in, if they are electronic they are vulnerable.

All this other charting and comparison to gold price and other historical factors is just noise. There is no other history to rhyme with what is happening now.

Global gold production in 2012 was estimated at 2,700 tons. At $1600 per ounce, that is $152 Billion. The US alone is currently printing that many dollars every two months.
I believe this reality is the largest pressure on gold price, and it is extreme upward pressure.

As this continues, tiny grades of gold anywhere will be considered and targeted. In the mean time, our Supreme Dictator CD treats us like mushrooms. JMO

[Gregory_]

Good comments. I appreciate these.

Regarding the increase in supply, I cannot be sure without clearly stated numbers. A trend I am noticing is everywhere I look I see a mine that is increasing production. Some of these mines are set to double production in 2-3 years.

I would guess that the impact will not be enormous. However, it would be excellent to see the definitive numbers to be certain. I could probably spend 1-2 hours and find 10+ mines that will double production in 3-5 years or less. 10+ mines are not very many, but one must wonder how many there are planning to do this overall, especially if I can find 10 so quickly.

Now, of course, planning is one thing and execution is another, but still, this seems to be a concerning trend. I am probably overly concerned, and in the end, I will probably throw together some numbers to satisfy my nerves.

Perhaps, this weekend, I will take my challenge and try to find 10 mines in 1 hour. If so, I will post them here along with their anticipated increase in production. That, in comparison with the last few years' production numbers should give a good idea of whether there is any further worthwhile pursuit. Do not hold your breath, of course. I may decide to do other things.