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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 Jeebuson Jun 08, 2007 8:50am
291 Views
Post# 12912574

RE: Tiny Size Of The Gold Market

RE: Tiny Size Of The Gold MarketThough I agree in theory with this author's article, there is a significant omission on his part. In particular, he mentions what if China invested 5-10% in gold reserves or individual investors invested 5% of the 40 trillion market place in gold reserves. Most advisors suggest a 5-10% weighting in gold in a diversified portfolio. So I'd be interested, and it's quite a glaring omission by the author, what the current average portfolio weighting is or what China's reserves are at. Say if the investment world is already at a 5-10% weighting it would suggest no further investment, not an additional 5%. Which, of course, would have significantly different ramifications to the gold price. It's a shame he didn't do further research prior to writing this article, because it lacks context for his argument.
Bullboard Posts