GREY:BPMSF - Post Discussion
Post by
silver300 on Sep 25, 2012 3:04pm
Smartest Management
Doug Casey got it wrong for a long time not believeing the price of gold is manipulated, and maybe still does. But he did get it right if he said good management can trump a good property. However I believe using this fact in the case of Bralorne (and Avino Silver) is misleading. Bralorne management gets it right when most mining executives are fighting the last war. Ten years ago, maybe more, I met Bralorne management at a trade show and we discussed the nature of this historic mega gold/silver bull market and I was adamant that given the nature of this bull market with the very heavy suppression of the metal prices by the most powerful and corrupt people in the western world (inside and outside governments and their agencies) that Bralorne should leave the gold in the ground until well after the suppression ends and the metal prices rise dramatically. In fact, I would not buy Bralorne or Avino shares if their management were not of the same mind.
Thankful for me, Bralorne management also believed in this historic super bull market and that the gold price was/is waaaaaaaay under where it would trade in a free market and that some day it will trade freely and that until this occurs only enough metal will see the surface to pay for expenses. I have been buying Bralorne shares ever since including tens of thousands of shares in the past two weeks.
This is not investment advice. Do what you want, it might cost me less next time I buy.
Be the first to comment on this post