AUL 0.00% 28.5¢ austar gold limited

I copied this from the Gold thread...I am not a gold guru but...

  1. 175 Posts.
    I copied this from the Gold thread...I am not a gold guru but gold could go much much higher IMO

    "In my opinion the gold bull's biggest and sharpest price rise action is yet to come.

    It is only a matter of time imo before the increasing number of Asian physical gold exchanges take control of gold pricing action and render the Western paper exchanges as pretty much irrelevant.

    Here's an example of how two of our leading gold stocks went after the mid 1970s melt down in gold equities.

    Gold Mines of Kalgoorlie fell more than 95% in price from its 1975 high to its 1977 low.

    Gold Mines of Kalgoorlie then rose in price more than 9000% and was 400% higher than its 1975 high.

    Central Norseman Gold rose more than 13,000% from its December 1976 low.

    Are we set for a repeat from our battered gold producers this time around? If so then they are trading at bargain basement prices and potentially could make investors very wealthy imo."
 
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