Gold Reserve, Inc. (GRZ)
A mining company exploring and developing hard-rock minerals with its subsidiary in Venezuela.
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When things turn around it will be a result of the governments around the world having pumped money of all kinds into the system. This will cause a surge in inflation as economies start to tick up. That's why I've been and continue to be bullish on precious metals and the miners of said metals. Really, anything that is sensitive to inflation is a good place to be.
The armageddon nuts and gold bugs always think that gold is the place to be, but in this case that does not mean they are wrong.
You can blame TMFBreakerDave for me adding pitches to so many of my picks.
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Gold is on everyone's mind or it should be, it is in most everything we buy and it is driving up a lot of the prices that we are complaining about everyday. Think of your cell phone, computer, car/truck/minivan, TV, microwave oven gold is in everyone one of them and it cost a lot to make them and to recycle them to get the gold back out of them that if people do recycle them. So think of Gold!!!
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I recently sold this one at a 65% loss, but learn't a valuable lesson. Dont buy anything that isn't at least close, to starting production. The longer the waiting time, the more can go wrong... like the government rescinding your permit on (likely) bogus environmental grounds (read: Not bribing the right people).
I wish them good luck in their legal action with the Venezuelan government, but expect their share price to steadilly dwindle away untill the issue is resolved.
That said, I still think it is a well run company sitting on a huge pile of gold, and if GRZ get the permit back, i'll likely jump back on board...AFTER they start hauling the gold out.
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Grz owns their concessions in Venezuela. Current assets is greater than current capitalization. Gold will go up. Locals want this mine to open. We've been here before. Chavez always pays for what he takes. Minining is allowed in the Imataca by Presdential Decree (Chavez in 2004 I believe).
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Trading 25% below book value... grab it.
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can't go wrong with hot mining material especially gold
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gold play
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Now that the Chinese stock market is in tune again with other bourses of the world and is going down, oil and gold will not be able to move any higher.
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Another buyout target in Venezuela. Under covered in the financial press and undervalued.
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did not do too much research on this one.
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GOLD, CHEAP STOCK, POOF-PROOF, DECENT GEOPOLITICALS, LOTS OF ROOM FOR RAMPED UP PRODUCTION AND LIKEWISE EPS. WE DON'T USUALLY LIKE PM MINERS, BUT THIS ONE I LIKE.
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gold is king as the economy fails
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Gold Reserve has the rights to mine one of the largest gold/copper reserves in Venezuela, at "Brisas" .
They expect to be able to mine out some 456,000 ounces of gold at a very low operating cost $126 per ounce because they will subsidize the cost with the copper (of which they expect to pull some 60 million lbs. per year). As te price of copper and/or gold increase, the numbers get better.
IMO, this is an opportunity to get in during the early stages of a "gold mine", literally. The stock price is currenty down as gold has had an extended selloff and the stock is digesting a stock offering...good time to pick up some shares in the $5-6 area imo.
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Just got the permit and VZ gov uncertainty will soon disapate

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