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Share Name | Share Symbol | Market | Type |
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Fidelity Holding Corporation New (CE) | USOTC:FDHC | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.0002 | 0.00 | 01:00:00 |
Gold and silver have been the real money since biblical times -- gold is honest money that has survived the ages and will live on long after the political fiats of today have gone by the wayside. Gold is more than just another commodity; it is the currency that evolved in the marketplace over the last 5,000 years.
What is happening to the price of gold is simple -- demand is outstripping supply.
In 2001 the world production of gold peaked. On average for 110 years, world production of gold increased by 1.8% per year, but since 2001 the production has declined by an average of -1.37% per year while the price of gold has increased by 15% per year (on average) during the same period. Of the top 8 gold-producing countries in the world, 7 are below their average levels of production.
As of 2009 a total of 165,000 tonnes of gold have been mined in human history. This is roughly equivalent to 5.3 billion troy ounces or, in terms of volume, about 8,500 m(3), or a cube 20.4 m on a side. The world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry.
The amount of gold mined and refined worldwide since people began the process could be hauled by one oil tanker. The world's gold is estimated to be between 128,000 to 150,000 tons, with 60% of that since the 1950's. The world's gold would fit into a cube measuring 66 feet by 66 feet by 66 feet.
There have been no really significant gold finds since 1999. It has been suggested that to replace mined ore reserves, at least one major world class deposit (more than 5 million oz.) must be made each year -- and that just isn't going to happen.
This gold shrinking will play into the hands of those wise enough to create strategic positions.
David Long, Talisman President, said: "Goldman Sachs has raised its 12-month forecast for gold to $1,650 an ounce, and the CEO of GE called gold the biggest investment of the next 50 years. As one pundit said: 'The masses will run -- not walk -- toward real wealth -- gold.' Our recent acquisition activity places us in an ideal position to take advantage of continued and continuing demand for this precious metal."
About Talisman Holdings:
Talisman Holdings, Inc. (PINKSHEETS: TMHO) is a highly innovative holding company built on the belief that the world's greatest potential for financial growth lies in emerging companies. Talisman Holdings finds undervalued small and microcap businesses with breakthrough products, services and technologies and delivers the equity, financial guidance, strategic counsel, consulting and business functions they need in order to succeed in the public marketplace. Taking an ownership or equity stake in standout emerging growth companies creates assets and drives shareholder value for Talisman Holdings, and the diversified holding company organizational structure and range of industries provides diversity of risk. For more information please visit Talisman's website at www.talismanholdings.com.
FORWARD-LOOKING DISCLAIMER
This summary contains forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. These statements address future events and conditions concerning the Company's business plans. Such statements are based on management's current expectation and are subject to a number of factors and uncertainties, such as future economic conditions and changes in anticipated revenues and costs, which may cause actual results to differ materially. The Company expressively disclaims any future obligation or undertaking to update or revise any forward-looking statements contained herein. Investors and potential investors should independently investigate and fully understand all risks before making investment decisions.
For more information contact us at: Talisman Holdings, Inc. 3035 Colony Lane Springfield, OH 45503 Phone/fax (937) 342-0383 info@talismanholdings.com
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