Gold Price Monitor 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 Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Zardoz who wrote (22786)	11/9/1998 7:26:00 PM
From: marcos	Read Replies (2) of 116782

No, Hutch - it's the fact that our glorious leaders are putting all their faith in paper. And somebody else's paper, at that. So they 'made a gain' of 19mil; fin.gc.ca ... or such they call it. They could have 'made' the same gain just by marking it to market. Anyway, line it up against the foreign currency debt of 458mil and it doesn't look so hot. Or against 'Official Government Operations' [rofl] at 140mil. Think what an influence they could have on mining by reversing this stupid policy and starting to build real reserves again. This country was two years ago well on the way to being the planetary centre of mining finance. Like we need some Newparadigmer Paperpeople running the bank. Twenty years ago we had more than an ounce per capita. Now it's less than one tenth of an ounce. No wonder we call it a loonie. They're sick, I tell you. Sick - and we can't vote them out, they're bureaucrats.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next