Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Re: "...watch the stock implode"
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Icon president ...
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Jun 13, 2012 01:59AM

I found this a startling fact: "But seriously. the world has 10 times the global GDP in debt!"

but when I did a quick google search, I found world GDP to be 63 trillion. However I found world debt to be 39 trillion. However, this was global public dept (and 2010 values). Do you have a source for total debt, including government and corporation dept?

Also: Even under the collapse of fiat currencies, obviously you would prefer actual tangible goods (brick and mortar/realestate, precious metals etc.) - but while the world scrambles away from fiat currency, that'll drive the price of metals up, no? Obviously gold and silver (which we have a lot of) but wouldn't copper go up as a mere result of "hyperinflation" in your worst case macro scenario? In the case that fiat currency (i.e. cash) is useless, wouldn't you rather own the "banks of tomorrow" that have the metals that we would use as currency i.e. gold and silver?

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