Gold and Silver Juniors, Mid-tiers and Producers Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Cogito Ergo Sum who wrote (65328)	5/21/2009 9:57:55 PM
From: jazz_lover	Read Replies (1) of 78408

"An attempt to revalue the gold reserve to today's value has met resistance for different reasons. For example, Canada is against the idea of revaluing the reserve, as it may be a prelude to selling the gold on the open market and therefore depressing its price." On the one hand, Canada, by selling almost it's entire gold holdings (to the U.S. likely) at lower prices, has shown it has no faith in gold. On the other hand, Canada says it's concerned for it's mining industry if the gold price decreases. What a contradiction. Why in the world didn't Canada support it's mining industry by at least holding, if not building, it's gold reserves instead of building it's U.S. dollar reserves.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next