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An interview with: Frank Basa, Chairman & Chief Executive Officer, Gold Bullion Development Corporation, an exploration mining firm participating in the marcus evans Elite Summit 2012. He shared his thoughts on the gold market, gold explorers, and the outlook for gold.
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A Golden Outlook for the Gold Industry - Interview with Frank Basa, Gold Bullion Development Corporation - Elite Summit
1. A Golden Outlook
for the Gold Industry
Interview with: Frank Basa, fundamental that anyone getting in Management responsiveness is
Chairman & Chief Executive early, as the smartest investors tend another key issue.
Officer, Gold Bullion Development to do, will stand to profit more. So
Corporation some patience is required. We see What do gold investors tend to
Gold Bullion as a stock to hold and overlook?
believe that those who do so will be
Nobody knows what the future will rewarded in due course. They may overlook the jurisdiction.
really bring, but a “higher gold price For example, Quebec is a very mining
would not be a surprise”, says Frank Why? friendly place, probably in the top
Basa, Chairman & Chief Executive three in the world. Investors need to
Officer, Gold Bullion Development It takes time to prove up the size and look at what can happen in places
Corporation. the economics of the resource we like Venezuela, never mind in Africa
think is there. In 2012 we will hit a or other parts of the world. It is easy
From an exploration mining firm milestone with the first 43-101 to overlook the reality that cash-
participating in the marcus evans compliant estimate and then go from starved third world countries can on
Elite Summit 2012, taking place in there. a whim nationalise promising assets,
Montreux, Switzerland, 30 May - 1 just at the point when investors are
June, Basa talks about how the How does gold compare against about to profit.
private wealth management other asset classes, including
industry can prosper with gold asset minerals?
investments.
What will 2012 bring for the gold
From my view only, gold is unlike any
other investment, since historically it
What other
industry and the price of gold? has been money. Silver too. That is
the difference. As governments get asset has had
Based on recent history, a higher
gold price would not be a surprise.
into debt trouble and print money, it
causes inflation and that eventually such a record
Consolidation and the purchase of
quality assets by large gold
shows up as a rising gold price.
since 2000?
companies makes sense too. At some What should investors consider
point in 2012 the undervalued junior when choosing assets to invest
sector as a whole could catch fire. in?
How can gold immunise a
The price of gold has gone up 10 or There are many factors to consider, portfolio against market
11 years in a row; I like that trend. including whether they are seniors, fluctuation?
What other asset has had such a m id - ti e r p ro d uc ers o r j u n i or
record since 2000? explorers. For companies like ours, Most investment gurus suggest
individuals should look at the upside holding ten per cent of a portfolio in
Is patience a quality that gold potential based on the quality of the gold or related assets. If we say a
investors in particular should properties. We have had excellent market crisis is a currency or a
hold? results recently with high-grade hits. country collapse, or a banking
We are also well financed, and have default, the argument that gold is
All investors need patience regardless made changes, where required, to money and a safe haven makes
of the type of investment. It is a move things along more quickly. sense.
2. About the Elite Summit 2012
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About Gold Bull Development Corporation
Gold Bullion Development Corp. is focused on building shareholder value by taking a fresh approach to former producing mines.
The exploration of the 100%-owned, past-producing, 11,000-hectare Granada property along the Cadillac Trend, is on track with a
Baseline Environmental Study and a preliminary NI 43-101 Resource Estimate expected by the spring of 2012.
For more information: www.goldbulliondevelopmentcorp.com
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To view the web version of this interview, please click here: www.elitesummit.com/FrankBasa