TSX:LSG.DB - Post by User
Post by
lornon Mar 05, 2012 5:04pm
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Post# 19629257
Re. Gold price
Re. Gold price Aside from the usual mistakes that new producers make with a new mine I think we shareholders must understand that our share price is also affected by the price of gold... I can remember when bankers controlled the price of gold around the 300 per/oz level and I believe that in the gold market there still is a fear of what central bankers around the world...especially the USA...will do to prop fait money...fait funny money is to big to fail in the eyes of central bankers and the only real threat to paper money is gold.
Large investors are cautious of central banks control of gold price as are a good many small investors.
Our fourtunes or lack of same are for a large part in the hands of bankers
Bankers play..we little guys pay... IMO of course