Talisman Believes the Climate for Investment in the Gold Sector Will Continue to Improve
13 Abril 2011 - 7:00AM
Marketwired
Most are aware that gold has recently reached another all-time high
of almost $1440 this month, up from $1250 six months ago -- and the
best may be yet to come. Recent activity by Talisman Holdings, Inc.
(PINKSHEETS: TMHO) in the acquisition of gold interest is aimed at
capitalizing on this interest.
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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