Pershing Gold Corp (PGLC.OB): High-Grade Drill Holes De-Risk And Enhance Pershing Gold - Seeking Alpha
This is a great article about Pershing Gold. The company will be one of the lowest cost gold miners in the world. Since the price of gold is much lower than it was in the past, efficient gold miners like Pershing will be profitable while other miners may have to stop production, especially if the price of gold drops toward $1,000 per ounce. Another important point to remember is that people are still buying gold, particularly in the far East. The demand for gold will put a bottom under the price of gold at some point if the supply of gold starts to come up short. So, Pershing is a good investment in my opinion since they will make money no matter what happens.
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