GREY:VITFF - Post by User
Post by
jmlguyon Jun 26, 2013 10:41am
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Post# 21573486
Realization setsin.
Realization setsin.Our shs. are now dead(or dying) money as gold plummets and PM gurus throw in the towel. VIT trading a bit above 10 cents in usd...down 2 cents. Property in moth balls but management expenses, though paired, are sucking out cash monthly. With major produers like ABX and ANV at multi-year lows, our prospects are dim at best. If $1200 gold fails to hold, our stock won't be worth the paper its printed on as remaining institutions on down to small time traders cash in semi-worthless chips. But why is there no gold buying by traditional Asian countries, India and Saudi's? And what happens when entral banks and countries teetering on the brink throw their gold on the market with NO inflation on the horizon. Global recession does not bode well for gold. If/when we hit 8 cents I still may not add to my bloated position...why throw good $ after bad?