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Golconda Gold Ltd GG


Primary Symbol: V.GG Alternate Symbol(s):  GGGOF

Golconda Gold Ltd. is a Canada-based un-hedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. The Company operates through its wholly owned subsidiary, Galane Gold Mines Ltd., two assets: a producing gold mine which also has the rights to certain mineral exploration tenements (the mine and mineral exploration tenements collectively, the Galaxy Property) located in the Republic of South Africa (South Africa) through subsidiaries located in South Africa, and a gold and silver mine and processing infrastructure located in the United States of America (the Summit Property) that is in care and maintenance. The Galaxy gold is situated approximately eight kilometers (km) west of the town of Barberton and 45 km west of the provincial capital of Nelspruit in the Mpumalanga Province of South Africa. The property covers approximately 58.6 square kilometers (km2) is part of the prolific Barberton Greenstone Belt.


TSXV:GG - Post by User

Bullboard Posts
Comment by Wheeler44on Jul 03, 2006 6:45pm
291 Views
Post# 11059167

Gold Standard work today - China told

Gold Standard work today - China toldThe Gold Standard would work today - Gold Standard...the Only Real Money International System - there is a possibility of the United States devaluing - the fiat dollar as a way of reducing its - external debt liabilities - The United States is the world's largest debtor - and Professor Ferguson argues that history shows - how there is a temptation to debase a currency - when large amounts of that currency - are held by foreigners. In 1959, there was $518 in circulation - for every ounce of Gold - held by the United States. Today, that figure is fiat $37,831.00 (73 times as much, an annual increase of 9.8%). Alternatively; in Gold terms - the fiat dollar is now worth 6% - of what it was 40 years ago. From 1966 Gold has outperformed the returns - on the Standard & Poor's 500 index - and the US Consumer Price Index. One morning you may waking up to the news - In the National Interest - the pres. declares; - (you are lucky if we get? -) 1 new dollar for every 100 fiat dollars - or 1 new for every 1000 old fiat dollars - RE: all fiat dollars counterfeited by the fed? - Biggest money Scam scheme in the history - https://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML One of the most important investment principles discovered is this: Smaller investors have the greatest advantage of all, because they can grow their money the quickest; but big money grows the slowest. In other words, acorns can grow into big oak trees, but big trees cannot grow to the moon. For example, you can buy a soda for 50 cents, and sell it later that same day for $1.00 on a hot day, and make 100% in a single day! But the next day, you’d have to sell 2 sodas, then 4, 8, 16, 32, 64, 128, etc. But that kind of work might not be enough to pay the rent, and that kind of growth is unsustainable. Within a week, you have a job that’s too much for you, and you have to give up some of your gains to hire workers or buy vending machines to keep selling soda. Or, the season will change, and you can’t sell any soda if it’s not a hot day. Or, you’ll have to get a permit to sell that much soda. Or, you’d fill the needs of the market, and not be able to increase sales day after day. Or, competitors will show up, and you’ll sell less. The former generation of investment advisors will typically tell you what I consider to be half-truths when it comes to compounding your money. They will say that if you save $10,000 by age 18, and never again add to your savings, and if you are able to compound it at 10% per year, than you can retire as a millionaire by age 65. This is true, factually true. You can grow 100 fold in a lifetime, at 10% per year. But what good is a million dollars if there is hyperinflation, and a loaf of bread costs $10,000 in 40 years? The real truth is that you not only have to earn 10% per year, but you have to earn 10% more than inflation each year! If inflation is roaring along at 7% in consumer goods, you need to earn 17% per year! And if they are creating new money at a rate of about 15% per year (which is close), then you need to grow 25% per year! Or, if years of prior inflation show up all at once, you may have to do better than 50% to 100% per year! Furthermore, it is terribly misleading if you end up thinking that you should grow at no more than 10% per year, if 100% to 1000% is more realistic for you! Fortunately, if you are a small investor, you can grow your wealth by 100% per year, or better! (After all that’s merely a doubling, or a 2 fold return.) Issac grew his wealth 100 fold in one single year; from simple farming! Genesis 26:12 Isaac planted crops in that land and the same year reaped a hundredfold, because the LORD blessed him. Large investors, on the other hand, have great difficulty growing so fast, or outperforming the market. You can prove this to yourself on an excel spreadsheet: If you invested 1 oz. of gold 6000 years ago, and compounded it at ¼ of 1% per year, then you’d own more gold than has been mined in the history of the world, over 6 billion ounces, which is obviously impossible. If you grew your ounce of gold at 2% per year, over 6000 years, you’d own all the atoms in the universe, all of it would be gold, and all of it would belong to you. Clearly, that kind of growth rate, 2%, is impossible—for the largest money to achieve over long periods of time. In fact, the largest money cannot even grow more than ¼ of 1% per year. And if it does, then it must have corresponding years of losses to make up for it, just like a mature oak tree cannot compound its way to grow to the moon. This math proves, beyond a shadow of a doubt, that it is impossible for “the rich to grow richer, and the poor to grow poorer”. In actual fact (and even a casual look at history shows this to be true) the poor grow rich fastest, and the rich have to always struggle, just to maintain their wealth. And more often it seems, people who inherit wealth squander it. As it is, the USA seems to be squandering its wealth, too, neglecting to invest in gold and silver (and possibly even secretly dumping the Treasury's gold), whereas India and China, the poorest nations on earth, are making the best investment decisions; to buy gold and silver! It’s been said that people on welfare live better than kings who lived hundreds of years ago. Today, people have more food choices, faster transportation, cleaner living, longer lives, better entertainment, more conveniences, better homes, better access to information, (and who knows what else is better!) than ever before in the history of mankind. The poor are growing richer; both here in America, and around the world, by Jason Btw. if You have a more correct number than Yahoo and quotemedia.com, please present them to the Shareholders, with the Shareholders help we can keep it up to date - we don't want to be egoistic well we will help each other to get accurate info, TIA Micro cap Companies > goes often highest in the LT Bull run - Strategic LT Investing - do your own dd ... FMNJ - Franklin Mining, Inc. = Market cap $37 MILLION - https://www.investorshub.com/boards/board.asp?board_id=2957 UNCN - Unico Inc. Market cap less than $10 MIL. - https://www.investorshub.com/boards/board.asp?board_id=177
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