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Bullboard - Stock Discussion Forum LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

TSX:LSG.DB - Post Discussion

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Post by lorn on Dec 02, 2012 5:16pm

Re. Goldhappy...

Good post on mine explanation....I spent 32 years in the mines, on the maintenence side so understand it takes time, lots of mistakes, lots of money and lots of luck....hey unexpected happens.

One of my greatest concerns is the fact that idiots like....obama, getiner, bernake and the rest of the rulers   central bankers... have control of gold prices...at least at the present time.  Gold is priced in US$ and they need only sell paper gold to keep price of gold down.   Gees the USA debt is approching 17 trillion dollars and the price of gold is lagging.  So how is that possible?? sell paper gold.  Can't let the dollar appear to be failing and if the dollar did crash for good what or where would we sell our gold shares? and for what currency?

The USA dollar is the worlds reserve currency so not likely some country would cut their own throat and trash the dollar which is their countries store of value..

The US buying their own debt, I don't think they much care about minipilating the price of gold a bit?

We have mines with good gold values, 2 mines at present and a possible 3rd mine in the not to distant future and I believe I recall that Tony said in one of the presentations that they were building a mid tier gold mining company....That takes time and a whole lot of dollars.

Lots of countries are now increasing their gold reserves as a store of value so one would think Gold price would be climbing?   something has got to give soon and I hope it's in our favour.

Comment by analysethis9 on Dec 02, 2012 9:37pm
Lorn since Obama  took  office  gold  has  gone  up  117% and  with  escalating  printing  of  u.s. dollars  should  double  234% in next  4  years By the  way  gold  is  up  180%  in  euros  during  the  same  period  Goldbugs  will love  Obama ...more  
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