TSXV:OSU.H - Post by User
Post by
Tradesmanon Oct 20, 2008 12:18pm
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Post# 15535511
Cash vs Gold
Cash vs GoldWith all the uncertainty about currencies and cash in the banks, it's looking like a really smart move of ORSU to pay of its hedge in advance. Now they, at least, don't need to worry about where to park that particular spare cash.
The bigger question is: Are the cash deposits of any company safe? What is safe these days?
I think, as one previous poster said, Gold in the ground is perhaps the safest asset of all right now.
PS. Forget the US-Dollar. I see that Comex Gold is being manipulated again today, just like every single day. I personally don't believe that "they" can keep this up forever. It's just another section of the "House of Cards".
ALL mining stocks are still getting knocked down, not just ORSU. They will all recover at the same time and I'm sure we don't have very much longer to wait. JMO.