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Golconda Gold Ltd GG


Primary Symbol: V.GG Alternate Symbol(s):  GGGOF

Golconda Gold Ltd. is a Canada-based un-hedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. The Company operates through its wholly owned subsidiary, Galane Gold Mines Ltd., two assets: a producing gold mine which also has the rights to certain mineral exploration tenements (the mine and mineral exploration tenements collectively, the Galaxy Property) located in the Republic of South Africa (South Africa) through subsidiaries located in South Africa, and a gold and silver mine and processing infrastructure located in the United States of America (the Summit Property) that is in care and maintenance. The Galaxy gold is situated approximately eight kilometers (km) west of the town of Barberton and 45 km west of the provincial capital of Nelspruit in the Mpumalanga Province of South Africa. The property covers approximately 58.6 square kilometers (km2) is part of the prolific Barberton Greenstone Belt.


TSXV:GG - Post by User

Bullboard Posts
Comment by HippygirL74on Mar 17, 2013 10:32pm
212 Views
Post# 21143649

RE: RE: Early Run

RE: RE: Early Run

It appears to me that what is happening is that people are rushing out of the Euro from many locations and now running to the US dollar.  And as you know, gold and silver and other PM's are priced in US dollars so the nominal price of PM's will decline.  But the value of PM's remain because it is REAL money, not like fiat currencies.

 

Imagine if gold and other PM's were priced in Euros.  Gold and other PM's would be way up.  imo this window may be the last chance to accumulate PM's and Gold stocks at these prices.  If the world starts to fear a US dollar re-set, gold will rally hard.  The catalyst for this would be a US bond bubble bursting. 

 

Comments always welcomed.  i love learning about these macro issues from others.  So thanks in advance.

Bullboard Posts