PINL:VLTAF - Post by User
Comment by
favillon Apr 24, 2013 9:33am
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Post# 21293952
RE: RE: Volta mentioned
RE: RE: Volta mentioned Reading the gold boards right now and many gold dealers around the world are running out of physical gold...this is immaterial of what is going on in the "paper" gold world which is increasingly being seen as being heavily manipulated by central bankers and not based in reality (ie. physical gold). In other words, Joe Public want physical gold in his/her hands and there is a buying frenzy occuring because of the low price the paper market has pushed the commodity. Allen4 is correct in his contention that VTR's price will increase when we get a mine up and producing. It is rumoured that many bullion banks are not holding the amount of physical gold they are stating on their books and are now paying out in money versus the actual gold when allocated account holders go to the bank and request to take possession of their gold. Furthermore, gold dealers who still have some inventory are now pricing it at a premium to what the "official" price is on the paper market. When this news becomes more public the run on physical gold will probably propel it higher and hopefully, fuel VTR to higher levels. But the key is to get a mine on the site.