Outlook 2013-The_Irreversible_Trends_Driving_Gold_to_$10000 - PART 3
Outlook 2013-The_Irreversible_Trends_Driving_Gold_to_$10000 - PART 2
Nick Barisheff, president and CEO of Bullion Management Group Inc, discusses the irreversible trends that will drive gold to $10,000.
In a world where financial and geopolitical certainty is evaporating, no one knows what Black Swan event could cause an explosion in the gold price. Some have suggested it will be the failure of a major bank through derivative exposure, a Middle East war, or a major downgrade of U.S. bonds might also be the catalyst. In 2013, as has been the case since 2001, the best policy for wealth protection remains to simply buy and hold uncompromised bullion until we are once again on solid economic footing.
Outlook 2013-The_Irreversible_Trends_Driving_Gold_to_$10000 - PART 3
Outlook 2013-The_Irreversible_Trends_Driving_Gold_to_$10000 - PART 2
Nick Barisheff, president and CEO of Bullion Management Group Inc, discusses the irreversible trends that will drive gold to $10,000.
In a world where financial and geopolitical certainty is evaporating, no one knows what Black Swan event could cause an explosion in the gold price. Some have suggested it will be the failure of a major bank through derivative exposure, a Middle East war, or a major downgrade of U.S. bonds might also be the catalyst. In 2013, as has been the case since 2001, the best policy for wealth protection remains to simply buy and hold uncompromised bullion until we are once again on solid economic footing.
By: Natalie Greve 2nd July 2013 JOHANNESBURG (miningweekly.com) – TSX-listed
Caledonia Mining Corporation on Tuesday announced that its Blanket mine, in Zimbabwe, produced 11 592 oz of gold in the second quarter, ended June 30.
This reflected a 10.7% increase on the first quarter production of 10 472 oz, and a 0.3% increase on the 11 560 oz of gold produced in the second quarter of 2013.
Similarly, the mine increased its first-half production by 6.5% to 22 064 oz of gold in the first six months of the year.
SP Angel said in a note to clients that Caledonia’s production figures were in line with expectations that real growth in expansion plans was expected to come through next year.
“Cash costs at the mine are running at around $500/oz, which positions the company well to keep generating cash to self-fund expansion and pay dividends to shareholders.
This is one of the better run companies in the sector with cash in hand and a programme of indigenisation, which should give them some protection against political risk,” it added.
Caledonia Mining - “Cash costs at the Gold mine are running at around $500/oz, which positions the company well to keep generating cash to self-fund expansion and pay dividends to shareholders. CAL has more than $25 million in cash in Western banks and NO DEBT --
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