Gold to become a tier 1 asset? Gold is here to stay until ponzi scheme economies stop increasing the money supply out of thin air and trying to stop it's devaluation by justifying it as debt to the people - cant keep fooling the people forever! If gold becomes a tier one asset, that would be a big wow and it definitely makes sense since all banks are holding toxic assets that are creating a disaster for all fiat currencies. The great thing about this as well, is that the Comex and their paper scheme will not be able to manipulate gold as they have done in the past.
Anyway I'm very patient with my holdings and KAM is one of them big time! I added another 5000 (I first bought into KAM at $1.70 in July 2010 when gold was under $1200) yesterday to take advantage of what I believe will be KAM's last drilling season. There will be plenty of takeovers over the next few years, but the misconception is that the low grade deposits in the middle of nowhere (plenty of those) will be the buyout targets - nope not happening until the high grade deposits are scooped up first. And KAM is getting ready to prove they will be an exceptional high grade candidate.
The Yukon is the place to be and I'm holding 4 companies up there. Anybody that has done their homework understands that and knows exploration is uncovering huge potential of various types of gold deposits that could make the Yukon to Canada to what Nevada is to the U.S. Nevada is responsible for 80% of the U.S. total gold production and has been mined for over 100 yrs. The awesome thing is the Yukon is just getting started to where there will be many mines built within the next 5yrs with potential for many more - nothing like a largely unexplored area that contains fresh gold districts. There are many companies up there, so dd is your best friend.
GLTA!
MB