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Scottie Resources Corp. V.SCOT

Alternate Symbol(s):  SCTSF

Scottie Resources Corp. (SCOT: TSXV) is a gold and silver exploration company with properties located in the “Golden Triangle” area of British Columbia, Canada. Scottie owns 100% interest in the past producing Scottie Gold Mine which produced 95,426 oz at an average recovered grade of 16.25 g/t gold in the early 1980’s. The Company has a strong retail and institutional shareholder base with strategic investor Eric Sprott investing $2million January 2020.


TSXV:SCOT - Post by User

Comment by roberto146on Dec 05, 2022 10:39am
343 Views
Post# 35150936

RE:RE:RE:RE:Price Action

RE:RE:RE:RE:Price ActionScottie produced from 1981 to 1985.
Gold  began1980 at about 600, peaked at 800+ for about 5 minutes, then steadily down and ended at 290 or so at the end of 1984. Gold started 1985 at about 300, had a high of 400 and a low of about 285 and finished 1985 at 325. It peaked at 500 in 1988 and ended 1989 at about 400. 
About the gold standard: there can be no such thing without every nation doing it, and all 'gold-backed' currency must be convertible: if currencies are convertible, they're gold-backed, but if they're not convertible, they're not gold-backed. If the US made the dollar 'gold-backed', i.e convertible, their gold would be gone, instantly. Every nation has dollars.
This is why the US suspended convertibility in 1971: other nations, especially in Europe began redeeming gold for excess US dollars, and drained the gold from the US. In 1950 the US had over 20,000 tons of gold reserves - by 1971 only 8,000 tons were left which would have been gone soon had convertibility between nations not been suspended, and the 8000 tons supposedly still remains.
Incidentally, Canada has zero gold reserves having sold all 700 tons at low prices when it was fashionable to do so in the '90s and early 2000s.
I say all this as someone who has had a keen interest and belief in gold for over 50 years.
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