This video provides an excellent explanation of the virtues of a gold-backed currency and perils of fiat currency. It is a concise 4-minute video that is well-produced and a potent reminder of why it is important to hold precious metals and urge our leaders to return to sound money.
The video was sponsored by Gold Resource Corporation (NYSE: GORO), a company that I believe to be undervalued. They just had their first profitable quarter and record revenues after ramping up production at their El Aguila project in Oaxaca, Mexico, that started producing in July of last year. Despite being in the early stages of production, the company expects to produce 90,000 gold-equivalent ounces this year at a cash cost, net of byproducts, of under $100. The company also began paying a dividend when they entered production last year and increased the dividend during the most recent quarter. Learn more about Gold Resource Corp by clicking here.
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