Sentences with phrase «gold reserves refers»
Gold reserves refers to gold in the ground that a mining company has an option to retrieve.
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And that is a nightmare scenario because the primary corporate objective of the typical Vancouver promoter lies not in the realm of a new gold discovery or near - term cash flow or added reserves, but rather in the novel concept of «distribution» and by that I don't refer to the «distribution» of profits to shareholders by way of dividends but rather the distribution of the one - cent paper they manufactured when they put the shell together.
It was not immediately evident if he was referring to gold reserves in the central bank or to undeveloped mineral deposits.
«There's always a price to pay to have it this good,» says one disaffected laborer near the beginning of «Marmato,» referring to his hometown's status as one of the world's last great gold reserves: Though it's been mined for over five centuries, its worth is still estimated at $ 20 billion.
World currency is a term that is directed to a currency in the international finance and in the foreign exchange market in which the extensive majority of international bargains participates and, which refers to the world «s fundamental reserve currency that defines the value of currency in gold.