Aurcana Silver Corp V.AUN.H

Metals & Mining Silver

Aurcana Silver Corporation is a Canada-based company, which is engaged in the exploration, development, and operation of natural resource properties. The Company’s development properties are the Revenue-Virginius mine (the Revenue-Virginius mine or Ouray), located in Ouray Colorado and held through the Company’s 100% owned United States subsidiary, Ouray Silver Mines, Inc. (OSMI) and the Shafter silver property (the Shafter Silver Project or Shafter), located in Presidio County, Texas and held Aurcana Silver Corporation. The Revenue-Virginius mine is located in southwestern Colorado about 5.5 miles southwest of the town of Ouray. Access to the mine site is via County Road 361. The Shafter Silver Project, which is 375 miles southeast of El Paso, in Presidio County, southwest Texas, within a historic mining district.

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Aurcana Silver Corp

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Comment by MontyHighon Aug 07, 2008 9:15am

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Post# 15364893

RE: the fundamental case for precious metals

For me, the fundamental for gold is investor demand and investor demand is driven by interest rates.

The fundamentals for gold and its investor demand is when having gold's 0% interest rate is better than the alternatives. So, while US treasuries have a negative real interest rate (with inflation factored in), gold should be strong overall.

This was the case in the 70s up until the early 80s. When Volker came in and raised interest rates until they were postive in real terms, the jig was up for gold.

I don't see this happening anytime before the election, so I don't mind being in illiquid precious metal Jrs.

Monty

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