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“Negative Interest rates are the dead canary in the gold mine” says Asante chief

Thursday, September 22, 2016 1:09
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(Before It's News)

West Africa-focused gold explorer Asante Gold (CSE:ASE) reached an agreement with Sikasante Mining of Accra last week to earn up to a 100% interest in its Keyhole gold project in Ghana.
Proactive speaks to chief executive Douglas MacQuarrie who tells us it’s all about location when it comes to exploration.
“Mining explorations are a reiterative procedure,” he explains. “Some of the most spectacular discoveries on the planet were found after 100 drill holes.”
To get the project moving, MacQuarrie says Asante is looking to raise somewhere between $1-2mln to get the project moving at Keyhole. The group is also in the market to raise about 20mln to put the Kubi project in Ghana into production, he reveals.
As for the current state of gold, MacQuarrie believes gold prices are “way too low”. He believes negative interest rates worldwide could be good for gold.
“I look at negative interest rates like the canary in the coal mine – or the gold mine I should say – and right now the canary is dead.”
He says investors should be getting out of paper money and into hard assets.
“And there’s no harder asset than gold.”

Story by ProactiveInvestors

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