Baru Gold Corp V.BARU

Alternate Symbol(s): BARUF

Metals & Mining Gold

Baru Gold Corp. is a Canada-based junior gold developer with NI 43-101 gold resources in Indonesia. The Company is focused on developing and producing precious metals projects in Indonesia. The Company’s focus is on developing precious metals projects with significant resource upside potential and near-term production capabilities. The Company’s Sangihe Gold project mineral tenement consists of one block covering the southern half of Sangihe Island, located between the northern tip of Sulawesi Island (Indonesia) and the southern tip of Mindanao (Philippines). The Sangihe Project covers 42,000ha; this includes the Bawone, Binebase prospects on the eastern part of the island and Taware prospect in the south-central region with infrastructure in place. The Company has a 70% interest in the Sangihe project.

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Baru Gold Corp

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Comment by wizwizon Apr 01, 2010 1:26am

280 Views

Post# 16947423

RE: Inflation

Greece is also having problems refinancing their bond

That is bad news for gold. If the Greece economy fails, they will move their money into U.S. dollar as a "safe haven" and the dollar will strengthen. This will of course bring down the price of gold. Only when the demand for U.S. dollar subsides will the gold price take off. If it wasn't for the Greek crisis, the American dollar would be much lower bynow.

Wiz

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