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ECUADOR GOLD AND COPPER CORP V.EGX

"Ecuador Gold and Copper Corp is a mineral exploration, mining and development company. The Company acquires and explores gold mineral rights located in Ecuador."


TSXV:EGX - Post by User

Comment by BrendanCon Feb 04, 2016 2:44pm
122 Views
Post# 24525225

RE:RE:RE:Gold at $1150

RE:RE:RE:Gold at $1150
Also, im not sure how exactly your linking our economy into gold but oil is what is causing our economy to downturn. Furthermore, a not so great economy causes the value of the U.S dollar to go higher. The U.S dollar (noon) is what buy and sell deals are made in so the worse our economy, the more value to the u.s dollar we get. The more value to the Gold price nets us more u.s dollar which in turn nets you more Canadian dollars.

If the company sold two years ago for $200,000,000 you would put about 205,000,000 in your pocket.

Now: $200,000,000 u.s is worth $280,000,000 with exchange rate taken into consideration which makes you more money.

Hope this clarifies some.

B
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