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Golconda Gold Ltd GG


Primary Symbol: V.GG Alternate Symbol(s):  GGGOF

Golconda Gold Ltd. is a Canada-based un-hedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. The Company operates through its wholly owned subsidiary, Galane Gold Mines Ltd., two assets: a producing gold mine which also has the rights to certain mineral exploration tenements (the mine and mineral exploration tenements collectively, the Galaxy Property) located in the Republic of South Africa (South Africa) through subsidiaries located in South Africa, and a gold and silver mine and processing infrastructure located in the United States of America (the Summit Property) that is in care and maintenance. The Galaxy gold is situated approximately eight kilometers (km) west of the town of Barberton and 45 km west of the provincial capital of Nelspruit in the Mpumalanga Province of South Africa. The property covers approximately 58.6 square kilometers (km2) is part of the prolific Barberton Greenstone Belt.


TSXV:GG - Post by User

Bullboard Posts
Post by Wellandon Mar 18, 2011 12:12am
539 Views
Post# 18303205

World depression is coming ?

World depression is coming ?If you do your own analysis, you will realize that there is two scenarios that can cause this to happen.

The first is the very large amount of fiat currency that is being pumped in the system to stop a Nikkei plunge. Sooner or later, we will see an incredible rise in the price of tangible things like gold, silver, oil ans other commodities. This will signal the end of all fiat currencies and a return to the gold standard. Irresponsible government that pay their crazy spending with the printing press will be history.

The second possibility is that we see we see an Japanese stock plunge and because of the integration of world finance, the bankrupt Japanese bank will take all the western banks to the cleaners.

Since the government manipulators wont be able to extingish all these strong fires, the world depression will happen.

A method to save yourself from ruins is to short the market (ie: Japan and others) and to hold commodities (ie: my favorites are gold, silver, oil and fertilizers).
Bullboard Posts