GREY:VITFF - Post by User
Comment by
HarrisonFjordon Dec 01, 2011 12:45am
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Post# 19281971
RE: Buckle Up!!!!
RE: Buckle Up!!!!The fuse has just bit lit for a dramatic rise in both the price of gold & silver. $2000+/oz for Au is pretty much a given. IMHO the POG will be much, much higher in the long term. We just needed the announcement that The FED, Bank of Japan, Bank of England, etc. were going to participate in QUANTITATIVE EASING UNTIL INFINITY! Quite frankly that was always on the table and it came as no surprise to anyone who understands the amount of debt in the system.
The leaders/bankers had two choices:
1 - Let countries default and the banks default with them. (The correct choice).
2 - Continue to let banks borrow on the cheap, flood the system will fiat and escalate the debt. (The wrong choice).
Everyone knew option two was the only option on the table for leaders/bankers.
How will this impact shareholders of VIT? Quite simply this is a play grossly undervalued at the current SP, with reagards to it's resource base and it's potential to increase that base. VIT has a very good balance sheet and has NO DEBT.
Quality exploration plays will be trading at multiples of their current SP. Victoria WILL be one of them. HF