China Gold International Resources Ord Shs T.CGG

Alternate Symbol(s): JINFF

Metals & Mining Gold

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

China Gold International Resources Ord Shs

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Comment by RMC12345on Dec 30, 2010 12:21pm

221 Views

Post# 17906735

RE: Gold Price - Different way to look at it

Back in the early 1970's the price of gold was US$35 an ounce. That is US$1 bought 1/35 th of an ounce.

Now it's over US$1400. That is, US$1 now buys 1/1400 th of an ounce.

See what's really happening?????

THe US $ is losing its buyig power through inflation.

The only thing gold is doing for you is preserving your purchasing power, unless you sell some when the price momentum is so great as to be overpriced.

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