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Yamana Gold Inc. AUY


Primary Symbol: T.YRI

Yamana Gold Inc is a Canadian-based precious metals producer with gold and silver production, development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. The company's segment includes Canadian Malartic; Jacobina; Cerro Moro; El Penon; Minera Florida and Corporate and other. It generates maximum revenue from the Canadian Malartic segment.


TSX:YRI - Post by User

Bullboard Posts
Post by sandmarkon Jan 31, 2009 5:02pm
382 Views
Post# 15742964

Keep your heads on tight!

Keep your heads on tight!YRI stock is a piece of paper and ink worth pennies to print.  Gold is a physical solid metal.  Both are intrinsically different.  One is a concept where you have to trust the directors (as once were the directors of Bear Sterns, Lehman Brothers, etc....) and one is a tradeable object of limited supply and precious inherent value.  Due to severe influence of interpretation of value and trust, they will move in different directions depending on the highest bid of confidence.  Right now, companies have lost their trust in delivering value with the numerous and now surprise reports of losses.  So the printed paper, the shares, like the US$, will fluctuate wildly compared to the real asset, until they are connected directly to the physical delivery of 24K solid gold.

Some gold stocks will rise faster and higher than others when this connection is made.  Some will be complete failures much like the frauds being exposed in the derivative and mortgage investment pieces of paper.
Bullboard Posts