TSX:LSG.DB - Post by User
Comment by
craziecanuckon Apr 20, 2011 9:04am
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Post# 18459419
RE: RE: Price of Gold (apr.19)
RE: RE: Price of Gold (apr.19)
You may be right...nobody knows for sure.
It may also be that $1,500 to $2,000 may be the new norm with much higher spikes depending on world events.
In either case, you are right about this applying to investors in bullion...I wouldn't touch it.
But if gold stays anywhere above say $600 to $800 an ounce, gold miners will still mine profitably I think and continue to develop their assets & explore to find more.
I don't see the present financial stresses on many countries including the USA & Europe disappearing any time soon and the frequency of unrest in the arab world demanding freedom & democracy will likely get a lot worse before it gets better...so my junior miner shares are going to stay safely tucked away in my TFSA & RSP for the foreseeable future.