In 2009, investors can look forward to a worthless dollar, according to Kevin DeMeritt, president of Lear Capital.
The Fed is going to print more and more money while spending trillions on stimulus packages. Interest rates are at their lowest in history. This will all add up to a worthless dollar with negative long-term effects on [...]
Gold jewelry is one of the top three most popular items for women’s discretionary spending in the U.S. according to World Gold Council’s (WGC) 2008 survey, What Women Want: Global Discretionary Spending Report, conducted by independent research firm, GfK, among 1,068 American women aged 16 to 65. The study was also run in the key [...]
Jasper Mining Corporation has reviewed metal prices used for the purposes of a copper equivalency (”Cu. EQ.”) calculation. To date, prices from the September 8 - 14, 2008 issue of The Northern Miner were utilized, however, the prices of both copper and molybdenum have since fallen markedly. The Company chose to continue using those metal [...]
Great Basin Gold Ltd. announces that it has signed an agreement with Metallic Ventures Gold Inc, whereby the Company will purchase the Esmeralda processing plant (”Mill”) in Nevada, inclusive of the Esmeralda mine and infrastructure for US$2 million.
The Company’s decision to purchase the Esmeralda Mill follows an extensive evaluation process whereby various milling options for [...]
Cadiscor Resources Inc. announce that on October 31, 2008, it completed the acquisition of a 100% interest in the Sleeping Giant Mine, including related milling facilities (”the Mine”) and all mining equipment, from IAMGOLD-Quebec Management Inc. (”IAMGOLD”).
On December 11, 2007, Cadiscor made a cash payment of CAN $300,000 and issued 600,000 common shares and 1,000,000 [...]
Metanor announce that yesterday morning it sold its first commercial pure gold bar containing 540.69oz at a record price of $1,018CDN/oz. Metanor is presently mining the Barry Open pit and transporting the mill feed to the Bachelor Lake Mill facility which is continuing to operate uninterrupted 7 days/week, 24 hours/day. The Company is unhedged and [...]
Dutch Gold Resources, Inc., a developer and operator of proven gold mines and a regional mill in North America, today announced that it has entered in a Memorandum of Understanding to merge with Aultra Gold Resources, Inc. (OTC BB:AGDI.OB - News), a junior gold mining and exploration company with properties in Montana and Nevada.
Dan Hollis, [...]
Minera Andes Inc. announced details of production cash costs (in US dollars) at the San Jose mine for the second quarter of 2008. The San Jose project is operated by Minera Santa Cruz S.A. (”MSC”) and is owned 49% by Minera Andes and 51% by Hochschild Mining plc (”Hochschild”) (HOCM.L: Reuters and HOC LN: Bloomberg [...]
Gold coins “stuck in the Seventies” claims gold-trading website BullionVault.com as private investment in gold surges.
Gold is considered a ’safe’ and therefore popular investment in times of economic turmoil. The UK’s currently turbulent economic climate has caused a surge in private investment in gold.
The economic downturn of the 1970s effected a similar ‘gold rush’ [...]
California (and the entire country) has seen a gold rush over the past year—with consumers cashing in on exploding gold prices to sell their outdated and unwanted gold jewelry to ease the burden at the pump, take a holiday, or modernize their fine jewelry boxes. But San Diego Jewelry Buyers reports that it is not [...]
