NOVEMBER 21, 2005 GPGI UPDATE
AN UPDATE FOR THE UNINFORMED STOCKHOLDER AND/OR INTERESTED PARTIES ON GOLD AND RELATED PRECIOUS METALS:
The following contains excerpts from the Daily Reckoning which I thought you might find interesting if you are as interested in precious metals as we are:
DREAMING OF A GOLD CHRISTMAS
Your favorite precious metal reached its highest level in nearly 18 years this past Thursday. As most of us know, gold is the only investment alternative not susceptible to what ails the dollar. Gold has proved to be a better measurement of wealth (and a better way to hold onto that wealth) over paper money time and time again. Gold is “Nature’s money”, you can’t turn on a printing press or create it out of thin air.
Last Thursday, gold for December delivery rose $7.80 to $486.90 an ounce, the highest close since January of 1988. The reasons for the rise, perhaps hints from Russian and South African central banks, who might want to beef up their gold reserves, perhaps strong physical demand from China and India are driving up the rally, or perhaps those who buy gold as a hedge against inflation. At any rate some “experts” predict $500 gold by Christmas.
Gold is a remarkable thing. It is found in the earth’s crust like lead or coal and sits on the periodic table. It can be mined, but it cannot be manufactured. It can be polished, but it cannot be enhanced. It can be wrought and worked, but it cannot be manipulated like paper money. It can be flattened into a sheet thinner than paper, but it yields to neither political pressure nor financial desperation. For thousands of years, gold has been a measure of wealth and a way to keep it.
HOWEVER, Gold isn’t the only commodity that’s hot right now($488.10)--all the precious metals soared last week--Silver hit an 11-month peak at $8.03 per ounce, and Platinum neared a 26 year high, closing at $972 per ounce. Palladium closed at $260 per ounce level but Rhodium soared to a high of $3030 per ounce. WOW.
I would like to close with a word about your company’s situation. The appraiser has finished his appraisal on our land which ended up around $18,892 per acre, making the entire 307 acres worth $5,800,000. This appraisal should be sufficient to allow us to borrow the funds needed to get your company into operation big time. The loan should, in all probability, close in 10 to 14 working days.
Hang in there, dear Stockholders, we hope to be in operation soon. Russell Twiford, Vice-President of Research and Operations for GPGI.
This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes that the expectations in such statements are reasonable, there can be no assurance that such expectations will prove to be correct
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