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Moneta Gold Inc Com MPUCF


Primary Symbol: MEAUF

Metals & Mining Industrial Metals & Minerals
Moneta Porcupine Mines Inc is a gold exploration company. The firm holds land in the Timmins Gold Camp including a joint venture with Kirkland Lake Gold Corporation. The company's flagship project, covering the Golden Highway and Garrison Gold Projects is located near Timmins and hosts a total indicated resource of 3,967,000 ounces gold contained and a total of 4,399,000 ounces gold inferred. Preliminary economic assessment studies were completed on the Garrison open pit resources and the...


OTCQX:MEAUF - Post by User

Moneta Gold Inc Com
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Post by Kapboyon Mar 27, 2013 4:59pm
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Post# 21176990

Please see the attached article

Please see the attached article

 

https://harveyorgan.blogspot.ca/2013/03/paper-currency-is-not-risk-free.html

The CME reports that 13.15 tonnes of gold are standing for delivery in the month of March. The shear volume of gold for delivery, in a off delivery month (March) is a record.

This is a point that is not mentioned in the MSM. Although the "Paper Price" of gold gets hammered, investors are now taking delivery of their "Physical" gold. This trend started in December '12. The normal practice is to "Roll your paper contract" and not take physical delivery.

Smart money wants physical gold. paper contracts for gold are not worth the paper they are printed on. There is not enough physical gold to back the paper contracts.

There is no counter party risk to owning your own gold. Too bad the people of Cyprus did understand this small detail.

 

Comments

Kapboy

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities