The recent catastrophe in Japan has again brought home the critical role of gold in the global economy. Historically, no single investment has played the role of safe haven in uncertain times more than gold, and uncertainty is, to one degree or another, ever-present. Gold has been seen as an especially powerful hedge since 2001. In the past 10 years, gold prices have roughly quadrupled, and the addition of events in Japan to the already volatile world political and economic situation assures continued upward pressure.
Investing in gold exploration and mining companies has been seen as an inexpensive way of getting on a train that has already left the station. The trick is to zero in on companies that represent more than just a spin of a roulette wheel. The advantage of Earth Dragon Resources is that it already has proven properties in Africa.
In Ghana and Tanzania, the company has identified areas of mineralized quartz veins, each promising to produce upwards of 4,000-10,000 troy ounces of gold annually. It’s clear how anything boosting the outlook for gold impacts the potential value of Earth Dragon.
In particular, the company has already entered into a joint venture with Netas Mining of Ghana to develop two properties at Nkwanta and Asuogya. Workers are already excavating and sampling gold targets on the Nkwanta Concession, focusing on the hard rock vein deposits previously identified.
Unlike South Africa, where gold production has been dramatically declining over the past decade, Ghana gold production has been increasing over the same period, to approximately 2.9 million ounces in 2009. The Ashanti Belt, where Netas Nkwanta is located, has the oldest history of gold mining in the country, and is the best understood of Ghana’s gold belts.
Earth Dragon feels it’s in the best position to aid investors seeking security and growth in uncertain times.
For more information, visit the company’s website at www.EarthDragonGold.com
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