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New Gold Inc T.NGD

Alternate Symbol(s):  NGD

New Gold Inc. is a Canadian intermediate gold mining company with a portfolio of two core producing assets in Canada, namely the Rainy River gold mine and the New Afton copper-gold mine. The Company also holds other Canadian-focused investments. The Company is engaged in the acquisition, exploration and development of natural resource properties. Rainy River is a gold mine located in Northwestern Ontario, Canada, approximately 65 kilometers (km) northwest of Fort Frances, Ontario. The New Afton mine is located approximately 10 km west of Kamloops, approximately 350 km northeast of Vancouver, British Columbia, Canada.


TSX:NGD - Post by User

Bullboard Posts
Comment by BigNickon Jun 24, 2010 10:32am
370 Views
Post# 17217746

RE: good gold play

RE: good gold playDave,

what are you talking about.  Are you saying we will have substantial deflation?  Or that the governments of the world will retract all the money they've been printing?  Gold has been he best investment in 10 years, and actually in real dollars has outperformed the S&P since gold came off a price fix in 1971.  There was only a very breif period of 10-12 years where gold didnt do so, ending in about 2002.

Sure gold can correct.  Other than that, the trend, fundamentals support contunued upward pressure on gold, let alone the risk/ worthlessness / unattractiveness of other things such as paper and equity assets.

your statement doesnt make much sense to me.
Bullboard Posts