Message #11 From:
michael di meglio Date: August 25, 2005 08:33:51 AM
Gold prices are expected to go up
I've increased my holdings in ASWRF because I feel that when the price of gold increases, exploration will be worthwihile. I was told years ago that the mine was closed because gold was cheaper on the open market then producing it. I was told that it takes $400 / ounce to produce. If gold remains above say $500/ ounce, then production can be profitable in the mine. If gold goes to $1000 and behond, we are in for a windfall. Gold will go up as the dollar goes down. As inflation kicks in then we see gold go up. I'm buying as much as I can for under 10 cents. Of course, this is highly speculative. Don't put in your bottom dollar. Good luck Mike
