TSX:LSG.DB - Post by User
Comment by
goldhappyon Jul 06, 2012 10:37pm
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Post# 20090904
RE: RE: RE: perspective
RE: RE: RE: perspective kaiserwongze ...the crazy 1980's level for gold was due in part trying to find it's right price level. Sure it eased of for a long time. Inflation was crazy back then...high interest rates to the savers and high payments to the borrowers. High interest rates finally killed high inflation. I can't remember such action around gold until recent years. I guess it played catch up for a while. It has not really kept pace with the cost of living. I read a post or two that said the gold price is being controlled by the USA government...maybe? One thing for sure is that gold is cheap compared to inflation from the 80's. It may or may not be on a bull run. Stability is good for mine planning. The bull is good while it's running but what heads up fast can often retreat. I think our current level of stability is good. If LSG can get that mill to 5000 tpd we will all do well at these price levels. Any bragging about how much cash LSG has is not impressive to me. It bankers money with interest and royalties