HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: 1970's and Gold

Re: 1970's and Gold - compared to today

in response to by
posted on May 14, 2008 09:15AM

Babjak - good info! That increase in gold price of 2000% in the 1970's (hitting $850 in early 1980) would, in today's inflation adjusted dollars (using the U.S. Consumer Price Index before it was monkeyed with by the Jimmy Carter administration, and subsequent regimes), if it were to take place again, carry the price of gold to over $4,000. Something to consider when one tries to value what we have at Windfall. But I'm convinced the base metals (nickel, copper, etc.) are going right on up in price along with gold and the strategic metals (platinum, palladium). I read a lot of the analysts and commentators on Kitco and Gold-Eagle and find many who believe this.

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