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China Gold International Resources Ord Shs T.CGG

Alternate Symbol(s):  JINFF

China Gold International Resources Corp. Ltd. is a Canada-based gold and base metal mining company. The Company is principally engaged in the acquisition, exploration, development and mining of mineral resources in the People’s Republic of China (the PRC). It operates two mines, the CSH Gold Mine in Inner Mongolia, China and the Jiama Copper-Gold Polymetallic Mine in Tibet, China. The CSH gold mine is located in Inner Mongolia of China, approximately 210 kilometers (km) northwest of the city of Baotou, which is engaged in producing gold dore bars with silver as a by-product. The Jiama project is a copper gold polymetallic mine in China. The Jiama project is located within the Gangdise Copper Metallogeny Belt in Central Tibet, China and is approximately 60 kilometers east of Lhasa City along the Sichuan-Tibet Highway. The Jiama project is a polymetallic deposit consisting of copper, molybdenum, gold, silver, lead and zinc.


TSX:CGG - Post by User

Comment by RMC12345on Oct 10, 2010 10:45pm
275 Views
Post# 17550732

GOLD IS NOT BECOMING MORE VALUABLE

GOLD IS NOT BECOMING MORE VALUABLEThe US gov't and Congress are running the biggest Ponzi scheme the world has ever seen.  They are presently over $200 Trillion in debt with much of that in unfunded liabilities.  It is so massive that in relation to Bernie Madoff  his Ponzi scam will seem as if it was a non-entity.  There is no saleable product produced by gov't for all the massive spending.  Gov't's are net consumers of wealth - never net creators of it.They are very very rapidly reaching the point of no return.  50% of that debt is held by foreign governments. Soon these gov't's will only loan at higher interest rates or not at all.  Then the US will be forced to balance their budgets (fed and state govt's).  When that happens, due to massive spending cutbacks, there'll be massive layoffs of civil servants (the US Gov't is the country's largest employer), confiscation of privately held gold (so store your physical gold outside of the US) and other drastic actions.  Until that happens, the gutless Congress will continue to inflate their currency.  So the price of gold will have to go up.  But be aware of this:  GOLD IS NOT BECOMING MORE VALUABLE.  The US dollar is becoming less valuable, so it takes more of them to buy that same oz of gold.  An economic Armageddon is just around the corner.
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