TSX:LSG.DB - Post by User
Post by
goldhappyon Jul 24, 2015 9:41am
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Post# 23956088
Gold $1416 CAD LSG makes $500/oz 180,000 $90m CAD
Gold $1416 CAD LSG makes $500/oz 180,000 $90m CAD Considering all the heavy media weighing on gold, LSG is ok right now. Tony and board planned for this event. They have always targeted being a low cost producer. This drop in gold has been well planned and rehearsed by some group. If the world was gonna end for gold would not the panic of the last few days have hit gold harder?? With 18 trillion debt in the USA I just don't buy into the rhetoric. I see the rest of the world fearful and heading for the US dollar. Do they know how diluted the dollar has become?? Would you want to own diluting paper currency or gold. When countries don't trust currency do you think it might trust gold? I lean towards gold. No amount of interest rate will prevent US dollar dilution. Interest will create higher dilution as the debt will grow at a faster pace. I don't think anyone knows the long range to predict the future. We are told the world is out of oil energy. This drives oil to record highs...more than once in my lifetime. Look at oil now. Gold the same thing?? Not really when you look close. People can trade and store gold. Do you want to trade and store oil?? Many mines will go on standby in a down turn. May LSG be the last mine standing!!!!