Gold producer in Mexico and gold investment advantages? Although the U.S. dollar is one of the world’s most important reserve currencies, when the value of the dollar falls against other currencies as it did between 1998 and 2008, this often prompts people to flock to the security of gold, which raises gold prices . The price of gold nearly tripled between 1998 and 2008, reaching the $1,000-an-ounce milestone in early 2008 and nearly doubling between 2008 and 2012, hitting around the $1800-$1900 mark. The decline in the U.S. dollar occurred for a number of reasons, including the country’s large budget and trade deficits and a large increase in the money supply.
Return rates of physical gold are never profitable if you invest in the gold jewellery. The reason being that the price of jewellery is not only determined by the gold rates but it also includes the making charges and this is the just the half story i.e. when you purchase the gold. Now, when you sell the gold, the story is totally different, the making charges are not considered and you get the money only for the pure gold based on the gold rates of that particular day. Take for example; the gold rate in Mumbai during December 2015 was 27000 Indian rupees for ten grams of 24 karat gold and assuming that you bought a gold necklace of 20 grams for about 60,000 Indian rupees which include the making charges too. Now, due to some reason you want to sell it and you go to a shop who quotes the price only for the gold that necklace contains and not for the stones it has or the copper which weighs it down to only 13grams and the cost of 13 grams of pure gold in 2020 is only 40000 Indian rupees in 2020, obviously, it is a loss deal for you and thus, poor return rates are one of the downsides to keep in mind while investing in physical gold.
Starcore International Mines Ltd. has a 100% interest in the Ajax Property (“the property”). The property, approximately 1,718 hectares in size, hosts the Ajax Porphyry Molybdenum Deposit. The property is located on the eastern flank of Mount McGuire, 60 km south of Stewart, B.C., 15 km northeast of Alice Arm. Alice Arm, a summer hamlet, is located on the north side of the east arm of Observatory Inlet. Kitsault, a semi-abandoned townsite located on the south side of the arm is on the B.C. Power Grid. There is good road access between Kitsault and Terrace 100 km to the south. In the 1960’s, there was a tote road from Alice Arm to the property that is no longer usable. Access is presently by helicopter. Read additional info on shareholder value Mexico gold.
Starcore’s operations are a direct extension of management’s commitment to build sustainable, shareholder value for the present and future of the company. Starcore has focused on the fundamental aspects of our proven exploration and production model to build a portfolio that will act as our platform to growth. With strategic operations across the North American continent, our operations range from grass roots exploration to production and processing. Our unwavering commitment to remain a leader in operational excellence is tied closely with our commitment to social and environmental stewardship.
Starcore International Mining and El Creston Property development news: The Red Hill Deep Zone refers to a 750 metre long x up to 400 metre wide and open zone of molybdenum and copper mineralization hosted within Laramide intrusive breccia and quartz monzonite porphyry located at depth below the eastern half of the Red Hill Zone. The top of the zone is in part above the bottom of the proposed open pit. Eight drill holes have tested the zone. Results include a 241.35 metre section averaging 0.088% Mo commencing at a downhole depth of 253.15 metres. Read additional details on https://starcore.com/.