LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

I'm betting on Gold

[goldhappy]

Gold will go up and down over the centuries with a record of staying with inflation. That said gold is way behind inflation at this point in time. Cars , fuel, house , tax and almost wages have gone up 10 times (ballpark) since the 1970's. Take gold at say $36 in 1970,s   times 10 times    is $3600 in todays money. Here we sit at $1400 ??? I will wait this out!!!

[df2830]

10 x $36 is $360.00, not 3600.00.  Just saying.   

[bulkbeef]

I will wait this out!!!   Problem is, waiting it out doesn't always pan out when you have a company such as LSG that has serious production issues and overall negative sentiment surrounding it for a significant period of time.   In many cases, a person would be better off in the long run taking the tax loss and redeploying the capital elsewhere.  A year or more from now the

[TriN2Learn]

<10 x $36 is $360.00, not 3600.00.  Just saying.   >   That's true, goldhappy got a little too happy with his numbers.  However, in the US, that $35 was the fixed price, US citizens weren't allowed to own gold until 1975.  The average price of gold in 1975 was $1,600 so that  X 10 factor isn't far off.  The price difference between any two dates

[TriN2Learn]

<The average price of gold in 1975 was $1,600> Ooops, I did the same thing!  That should be $160 in 1975, so the X 10 factor is close enought.  TriN