Tuesday, August 27, 2013

Quote On Gold From Ayn Rand

The quote below is by Ayn Rand:

“Whenever destroyers appear among men, they start by destroying money, for money is men's protection and the base of a moral existence.  Destroyers seize gold and leave to its owners a counterfeit pile of paper.  Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it.  This kills all objective standards and delivers men into the arbitrary setter of values.  Gold was an objective value, an equivalent of wealth produced.  Paper is a check drawn by legal looters upon an account which is not theirs:  Watch for the day when it bounces, marked “account overdrawn.”

Monday, August 26, 2013

Wesdome Mines Showing Signs Of Life (Nas:WDOFF;CA:WDO)

Canadian gold mining company Wesdome Mines is showing serious signs of life after its stock has languished for a long time.  In the past week or two the company's shares have risen from around $0.40 to $0.70 per share.

Wesdome has been in the mining business for over 25 years and has a strong balance sheet and a positive cash flow.

Check them out here.