Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Gold Prices
Gold Price
[Most Recent Quotes from www.kitco.com]
Our RSS Feed

Gold Updates by Mail

Enter your email address:

Follow Us on Twitter
Monday
Jun192006

Bema Gold Mining Corp

Bema Gold Corporation is a mid sized gold producer with a market Capitalisation of $2 billion. At the time of writing it is trading at $4.56 in New York, it also trades on the TSX as BGO and on the AIM market in London as BAU.
Bema is one of the world’s fastest growing gold producers with projected production of one million ounces of gold annually by 2009.
Bema operates in Russia, South Africa, Chile and Russia. As an unhedged miner Bema’s stock price is sensitive to gold’s movement. This is a well-managed company with terrific potential for growth as the gold price rises.

Bema Gold Corp

For more information view: Bema Gold Corp
Monday
Jun192006

Reasons to invest in Gold

Gold is money. Gold is a true store of wealth and has been used as such for thousands of years when other currencies have come and gone. Gold is now in the ascendancy along with gold producers, mining and exploration companies.

The reasons for this gold price increase are as follows:

· No new large discoveries of gold deposits dampening supply
· Lack of previous investment for gold exploration
· It takes up to 10 years to bring a new mine to production
· Falling gold production worldwide adding to its scarcity
· Gold EFTs take gold off the market thus reducing supply
· In the last Bull Run 70s to 80s gold prices increased 20 fold
· Metrics: DJIA vs. Gold, about 19ozs buys the dow jones, it has been 1:1 in the past and could be again in the future. Assuming the dow jones remains above 10,000 then the gold price could hit $10,000
· Gold at its previous high of $850 adjusted for inflation puts the gold price at $2000 plus
· Geopolitical uncertainty, a nuclear Iran creates world tension which pushes up the price of gold
· A Dictatorial South America imposing restrictions such as increased taxation and nationalisation will deter investment and reduce gold production
· India is growing and the sleeping dragon of China has awoken, their hunger for gold will drive gold prices higher
· Internet: information travels around the world in a nano-second, reactions to news, true or false, will add to the volatility of the gold price
· Web trading: increasing everyday, resulting in the trends being more exaggerated than ever before
· The mania that I traded in during the last Bull market will be nothing compared to the coming Gold price explosion and maniacal actions of traders and everyday people in the precious metals sector.


We predict gold prices of $10,000 in 5 years
Page 1 ... 233 234 235 236 237