Hidden Treasure: New Guinea, New Gold

Posted by Gold Investing News

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According to United States Geological Survey base estimates, the tiny country has approximately 20 percent more extensive gold resources than Canada.  Last year, gold production for the nation was only 65 percent of the total extracted in Canada.  Projects in the area may be worthwhile for opportunistic bullish investors as demand for gold has recently pushed its price beyond the much vaunted $1300 per ounce threshold.

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