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Message: GHDC Press Release

The press release signals intent, nothing else so far. Basically another PR with little or no real substance. It remains to be seen if anything comes of it. But I do have to admit the following part cracked me up:

"With the uncertain future dollar value of gold and silver"

What nonsense. Gold and silver will hold their value better than just about anyting else, and most likely will increase. I just read somewhere that the average costs of producing gold are around $1000/oz, if not $1200. The industry desperately needs new supply, especially low cost sources, because production is going to be severely affected if costs of production continue to rise. Gold prices most certainly will go up.

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