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Bullfrog Gold Corp. Message Board

  • financesajeed financesajeed Mar 17, 2013 2:24 PM Flag

    BFGC and Industry Preview

    Bullfrog Gold Corporation (BFGC) has been operating in an industry where there is huge scope to gain from business though the company has to face challenge to meet large initial level operating expense. According to David Beling, CEO, Bullfrog Gold Corporation, “when you look at the economic situation, both domestically and globally, there is a strong demand for gold in China. Throughout the whole world, a lot of people have demands for gold for all sorts of reasons, not just for speculation, and so I think the future for gold is very bright. Furthermore, I think the future for silver is even brighter. Silver has a lot of industrial demand. They are consuming more silver than they are producing, so I think between those two precious metals, I think we are well-positioned to take things forward, and under the current economic climate globally, both of these commodities have very bright futures”. Again, according to World Gold Council, “in value terms, gold demand in 2012 was US$236.4bn – an all-time high. Gold demand in value terms for the final quarter of the year was 6% higher year-on-year at US$66.2bn, marking the highest ever Q4 total. Global gold demand in Q4 2012 was 1,195.9 tonnes(t), up 4% on the same quarter in 2011. In Q4 2012, the average gold price reached a record level of US$1,721.8/oz, up 1% on the previous record average price in Q3 2011. The average price during 2012 was US$1,669.0/oz, up 6% from US$1,571.5/oz in 2011.Central banks’ move from net sellers of gold, to net buyers that we have seen in recent years, has continued apace. The official sector purchases across the world are now at their highest level for almost half a century”. The above substantiate that if BFGC is able to ensure good harvesting, the company can have better days.

 
BFGC
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