Debt in Dollars and savings in Tyhee gold
posted on
Oct 04, 2009 11:54AM
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I've been watching videos about how savings in gold really just hold their true value, while us currency continues to lose value, decade after decade. That printing money devalues the currency agains gold. So having gold bars, while not making you money, does hold its' value. But then I had two thoughts. First, borrowing in dollars and saving in gold must be a form of dollar carry trade, as long as the dollar remains weak. Second, investing in a gold mine, better than gold bars, actually earns you more gold.
Then I looked at what's not happening for tyhee yet. I saw a few stocks, like the one posted on agoracom the other day, and the one (Mentanor) I 'll try to past in below. What they have are these massive spikes up from 20 or 40 cents to 3 to 5 times as much, in the span of a month. When that happens for tyhee, and we regain a 100 million dollar market cap, we'll be back where we were a year and a half ago, and only just beginning.
If you want some inspiration about what's coming for tyhee, look at Mentanor's video. It's a visual depiction of a junior going into production, doing it's first blasts on the snow-covered surface, starting to haul (in a Volvo truck like Tyhee may use), starting to crush, pouring gold dore bars... These days are ahead, and so are the share price spikes. So borrow in dollars and save in Tyhee and other juniors!
http://video.google.com/videosearch?sourceid=navclient&q=gold+mining+video+canada&um=1&ie=UTF-8&ei=oMLISpatLYuENMDu8PIH&sa=X&oi=video_result_group&ct=title&resnum=4#
SKELEG (I would not buy MTO, as I'm a bit anti Quebec. All Tyhee all the time!)