San Gold Corporation
Welcome to the San Gold HUB on AGORACOM San Gold Corporation - one of Canada's most exciting new gold exploration and mining companies.
Gold is real money for 5000+ years!
- There are no two ways about it. Gold is real money. Fiat currencies are just a confidence game. It is backed by nothing. As long as the illusion that it is valuable is maintained, the sheeple will follow. But the time is getting closer, when the con-game, con-job is exposed for what it is. The sheeple will realize and there will be a massive stampede to gold. This will be the phase change event that propel gold hyperbolic towards unimaginable level. The global monetary crisis will make previous financial crisis look like a walk in the park. Barron’s reports:
Gold appreciated by 10% or more against the world’s major currencies in the past decade. More bad news for the buck and pound? THE DOLLAR IS NOT AS GOOD AS GOLD. Neither are 22 other currencies. A recent study by GoldMoney.com, which enables online cross-border transactions using gold as a currency, found that from 2000 through 2009, gold rose an average 10.1% a year versus the Swiss franc (which turned in the best of the bad showings by the currencies studied) to 14.9% against the U.S. dollar (a middling performer) to 20.0% for the Sri Lankan rupee (the worst in show).
“Gold isn’t going up, currencies are going down,” says James Turk, GoldMoney.com’s founder. “The purchasing power of gold remains basically unchanged against commodities. In contrast, the purchasing power of national currencies is being constantly eroded.”
Silver also appreciated against the 23 currencies, from 9.5% for the New Zealand and Australian dollars, to 14.4% for the U.S. dollar, to 17.3% for the Mexican peso. (Click here to see tables showing all 23 currencies’ performances against gold and silver.)
Gold peaked around $1,220 on Dec. 3 and closed Thursday at $1,108.50. In an interview three years ago (“Yes, $8,000 an Ounce,” May 29, 2006), Turk predicted that the metal could go as high as $8,000 an ounce in inflation-adjusted dollars somewhere between 2013 and 2015, and he’s sticking with that price target. “I don’t think this [uptrend"]is going to reverse anytime soon,” he says.
That’s because governments are debasing currencies, he says, destroying their citizens’ purchasing power by spending beyond their means and using debt to stay afloat. The U.S., as one example, is trying to goose its economic recovery through massive deficit spending, but it may worsen the situation should the dollar tank, Turk asserts.
Liberty Gold Coin
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rookieprospector
City
vancouver
Rank
President
Activity Points
12016
Rating
Your Rating
Date Joined
05/19/2009
San Gold Corporation
Symbol
SGR
Exchange
TSX
Shares
371,610,981
Industry
Metals & Minerals
Website