Gold stocks US with bondresources.ca? Precious metals, such as gold and silver, are viewed as a “safe haven” investment when banks are unstable and there is political unrest in a country. Also, precious metals are used extensively in a variety of industries, and the price of these metals will fluctuate depending on demand. Additionally, for metals like platinum and palladium that are used to reduce emissions in cars, investors can see an increase in price when regulations on the metal’s applications cause a high demand. At these times, investors can sell at a price higher than what they paid, and turn a profit.
Extraction from surface is permitted and test mining is planned to begin immediately. Material will be stockpiled and then processed once a mill is purchased. Toll mining is another potential near-term option. This should generate significant cash flow which is intended to finance the development and exploration of the existing workings.The plan is to extract gold mineralization at a rate of 150 tpdby the end of 2020.
The company plans to develop and test-mine the historical high-grade Mary K mine in Idaho. Bond Resources has signed an L.O.I with the owners of the mineral leases and 450 acre property. Conditions of the underground workings are currently unknown, but additional development and/or rehabilitation is considered straight forward. Elk City is located 33 miles ESE of Grangeville, Idaho. It is the closest town. Elk City is accessed by a well maintained two lane highway (Hwy 14), which follows the south fork of the Clearwater River.
In 1884, the first of about 100 gold bearing quartz veins was discovered. Between 1884 and 1904 all the easily accessible gold from those veins had been minded out. Only a few of those veins were put into commercial production. The largest of which was the Buster Mine. It produced 18,379 ounces of gold from 25,705 tons of material. See extra information at Idaho gold investment.
Gold has historically been an excellent hedge against inflation, because its price tends to rise when the cost of living increases. Over the past 50 years investors have seen gold prices soar and the stock market plunge during high-inflation years. This is because when fiat currency loses its purchasing power to inflation, gold tends to be priced in those currency units and thus tends to arise along with everything else. Moreover, gold is seen as a good store of value so people may be encouraged to buy gold when they believe that their local currency is losing value.
Mr. Carrabba spent much of his career working for multinational mining operations in North America, Australia, Latin America and Asia. His wide range of experience also includes working on Health and Safety and Environmental and Social Responsibility committees. See additional info at https://bondresources.ca/.