Post by
dziuba on Apr 08, 2010 7:46pm
I agree
Allen, I completely agree with that article I have been sitting on Volta when it was Birim for years, Before the recession, I knew the boom couldn't last, call me pessimistic but come on anybody who bought property in Calgary (where I live) was making major money on property that really couldn't be affordable to anybody (how long could that last). They all thought they were Donald triumphs. And then they blew there once in a lifetime winnings on crap. Take a look at the world everybody was making money but the money has to come from somewhere (debt). I saw that Birim already had proven finds on their property, and the world was in over their heads. There will and are a lot of countries, businesses, and wealthy individuals who are going need to preserve their wealth when the party is over, Even thought there are some countries playing games to manipulate there currency to stave off the inevitable collapse of their monopoly money, the point is where do you park your money when as stated in the article keep cash and wait for good opportunity when the cash it’s self is threaten to be worthless (green back) Gold will be the panic buy when the reality of what really the net worth of current investments are. Humans are greedy and panicky by nature. When there is an opportunity to make money rational goes out the window. Many have been stated that Volta should sit at $3.00 dollar share but that is a calculated number, just like the article states people will buy because it is going up and there nature will enforce that. Volta with the right panic and world events really has no share price limit because rationale is gone. Coupled with the fact that countries and large banks need to secure their position will just add fuel to the fire to gold accumulation. This is a perfect storm for gold holders when the fat lady sings, since there is not enough gold on the planet to support all the said above paper wealth. I believe the USA’s debt and declining green back value will be the trigger mechanism for a gold demand at an unprecedented level ever seen. Or what the hell do i know i do live in calgary.