Loading ...Ispo – I agree.
Management of the big PM mining companies is not on our side. They sell to the Bullion Banks and get fiat financing from the major banks. They are in bed with the bankers.
The purpose of the miners is not to make money for shareholders. Their purpose is to keep a steady stream of gold flowing to the bankers so the bankers can keep their game going.
Management cares only about their personal salary and benefits. They would sell every last ounce at a loss as long they personally were not affected.
If the share price drops, the company goes bankrupt, the mine will be bought for pennies on the dollar and taken private.
I would love to be proven wrong about this.
I wonder how First Majestic’s scheme is progressing – I wish him well. I spoke with Gold Corp yesterday – they had never even heard of it.
Am I bitter? A bit.
Whew! Sorry – Rant over. I feel better.