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Timmins Gold Corp T.TMM

"Timmins Gold Corp is engaged in acquiring, exploring, developing and operating mineral resource properties in Mexico. It owns and operates the San Francisco open pit and Ana Paula gold project in Guerrero and the Caballo Blanco gold project in Veracruz."


TSX:TMM - Post by User

Bullboard Posts
Post by goldtoeon Feb 07, 2010 12:33pm
359 Views
Post# 16760307

EU

EU
with the financial problems happening in some the nations members at the same time the US economy is drowning in debt we will see more and more institutions and individuals turn to gold and silver as a means of protecting and even gaining wealth during these difficult times.

If the euro continues to lose value to the american dollar we will see gold decouple from the US dollar and the price will begin to increase again. It is obvious that gold and silver represent value where as fiat money is being printed into oblivion... and i do think this is planned as eventually the world government wants to have a cashless society!

For the time being however we will see money flow into the metals, especially gold and silver. This will happen but how far will gold be sold down before it decouples? Everyone is well aware of the world financial situation so gold will turn around in short order... not much wonder there's a physical gold shortage at London.. it represents true value when all currencies are seeing devaluation!




salute
Bullboard Posts