Why Smart People are Taking Gold Seriously

Source: The Street, Alix Steel (9/14/11)

"Gold is being taken more seriously as a legitimate form of money as currencies flail."

The Street, Alix Steel

Gold is being taken more seriously as a legitimate form of money as currencies flail and prices hit new records.

Gold's last gasp of monetary fame came between World War II and 1971, when the world pegged their currencies to the U.S. dollar and the dollar was fixed to gold at $35 an ounce. This wasn't a pure gold standard but it forced some kind of fiscal discipline into monetary systems.

Gold is a safe haven asset, a trade and a store of wealth but it can also be considered a currency and that theory is gaining steam. . .View Full Article

Junior Mining Co. Recovers First Gold at B.C. Project
Source: Bill Newman (05/13/2024)

The firm encountered this nuggety gold, of 90.9% purity, while advancing toward the central portion of the paleochannel, noted a Research Capital Corp. report.

Whither the Junior Miners?
Source: Michael Ballanger (05/13/2024)

Michael Ballanger of GGM Advisory Inc. takes a look at current movements in the market, specifically in the junior miner's sector. He also shares a few public companies that will be embarking upon drilling campaigns this summer.

Major Maintains Ownership in Jr. With Prospective Multi-Mineral Project
Source: Streetwise Reports (05/13/2024)

Metallic Minerals Corp. says mining major Newmont Corp. is exercising its "top-up right" to purchase additional shares of the company. Read to see the other ways the companies are working together.

Junior Begins Placer Gold Recovery at BC Project
Source: Streetwise Reports (05/13/2024)

Omineca Mining and Metals Ltd. says the recovery of gold-bearing gravels from its flagship Wingdam placer gold project has begun. Find out why one analyst is seeing a substantial return on the company's stock.

Gold Co. Plans Resource Expansion Drilling at Nevada Project
Source: Streetwise Reports (05/13/2024)

Western Exploration Inc. has announced details for its proposed 2024 resource expansion drilling at its wholly owned Aura gold and silver project in Nevada. Find out why one analyst says the stock would be good to own going into an emerging gold bull market.