Santa Fe Gold Corp CEO Interview
By David Vaughn Sep 27 2007 9:34AM
Gold firmly over 700 – now what? First of all hold on to your quality gold mining shares. Do some house cleaning if necessary, but it is not the time yet to sell those companies with the best long term potential.
" Today, more than any before, its imperative that we open our minds and become aware that jobs are a system for income creation, not wealth creation." " What does it mean to be wealthy – I mean truly wealthy? " Burke Hedges
The time may be ripe to acquire additional mining shares that newsletter writers proclaim as under valued. As the sub prime mess grows and the US dollar continues to find new lows what additional fact is being discovered?
"Wealth is having enough money and enough time to do what you want, when you want." Burke Hedges
"The only way to create true wealth is to leverage your time, money, and efforts so that 10 hours of work equals 100 hours of pay…or even a 1,000. “That’s the way the rich get rich and stay rich…" Burke Hedges
Governmental and Federal Reserve policies are now guarantying that inflation will only grow and blossom as never before. And as inflation grows it takes tangible assets to rise, keep up with, and to climb higher than the curse of inflation. And gold, historically, is the best asset that makes money in the shadow of inflation. Do you want to beat the disease of inflation and even profit by it during the next few years? Then invest in gold mining companies.
"…the momentum is still calling the market higher," said Zachary Oxman, a senior trader at Wisdom Financial. "Gold is focusing on easier monetary policy, which will attract gold demand." "While consolidation is likely we believe gold will again reach $800-plus prices by year-end." "Gold prices will continue to draw support from the recent decline in the dollar to record lows, high oil prices and increasing concern about the health of the world's largest economy, O'Byrne said. Indeed, "given the dollar's continued losses and the strength in the energy sector, it looks as if gold will find further upside momentum in the coming sessions, potentially targeting $765 before more significant profit-taking is seen," said James Moore, analyst at TheBullionDesk.com, in a research note."
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"The Worldwatch Institute, an organization that focuses on environmental, social and economic trends, says the current rate of global demand for resources is unsustainable."
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