RE: RE: Ominous implications for GBB? Why is the Venture Exchange so important to the world:
All major producers are running out of reserves
China is the largest gold producer in the world & it is illegal to export any gold from China
China has stated it's desire to buy oil from Iran with GOLD
China has encouraged every person in China to aquire @ least 1 oz of gold
China stated that they will become the "world reserve currency" within 5 years {Partially backed by GOLD}
China are the largest net buyer of gold in the world replacing India
GOLD is clearly emerging as the only stable "store of wealth" {also known as currency} in the world
The IMF has notified the US that it is exploring the possibility of creating a new world reserve currency.
This NEW reserve currecy would become "more stable" {which is what the world needs} by incorporating a basket of 5-6 currencies as well as GOLD & possibly oil
The venture is the home of the explorers who find most of the new & much needed reserves
The future of the Venture is actually very bright, especially in light of the large increase in consolidation
This article actually addresses the 80% of the Ventures stocks that don't have any proven reserves, not companies like GBB who will likely have in excess of 3 million oz {without the nugget effect} after the second 43-101 is released in the next few months