While the dollar hit a two-month low against the euro on Monday, February 26, and oil resumed its climb from $61 a barrel, gold hit a nine-month high of $685.80 an ounce and many see its magic mark. $700 within reach. Since early January, gold is up 14.5%, leaving it just around $45 off last year’s 26-year high of $730. The dollar’s decline combined with rallies in other commodities such as oil and base metals have also served to enhance the attractiveness of investing in gold.
According to London-based Central Banking Publications on Monday, a survey of 47 central banks found that nearly nine in ten banks said they see “ample scope for further diversification of foreign exchange and foreign reserve assets.” “, so they have a favorable opinion. investment in gold.

Gold has long been considered a safe haven for investors. Because it is an investment that retains its value even in uncertain economic times, gold is comforting for investors who are worried about falling stock prices or failures in other industries. Many forecasters point to the steady rise in the value of gold over the past five to ten years as a major reason to believe that the value of gold will continue to rise, passing the $700 mark at the end of March. Some even predict that it could hit $1,000 per ounce by the end of this year. The fact is that the price of gold has kept pace with inflation for about 200 years, and it is for good reason that gold has long been considered a safe haven for investors. Because it is an investment that retains its value even in uncertain economic times, gold is comforting for investors who are worried about falling stock prices or failures in other industries.

Gaia Resources, Inc. (GAIA), an OTC PINKSHEETS: (GIAS) listed early stage Nevada mining company, recently formed a wholly owned subsidiary in the state of Arizona known as Gaia Exploration, Inc. assets attributed to its gold mining operations in Arizona. The formation of Gaia Exploration, Inc. was a necessary step in acquiring the rights to 482.66 acres of major mining claims in Cochise County, Arizona (owned by MHF), as well as future acquisitions of major target areas. The MHF property is south of the famous Commonwealth mine which is located in Pearce County, just east of the Dragoon Range. Following the completion of this acquisition, Gaia plans to begin an aggressive drilling and bulk sampling program on the target property beginning this spring. The MHF property has access to water and electricity, which will speed up the time to set up exploration.

One of the key properties that Gaia is positioned to acquire was held by Santa Fe Pacific Gold Corp. in Cochise County. This property is adjacent to the Mexican Hat property, which has indicated drilling reserves of approximately 400,000 ounces. Placer Dome spent more than $1.9 million conducting these tests in the 1980s.
Gaia has established a working relationship with Thunder Gulch Resources Ltd (TGR) who have options on several other sections in the immediate area that also show high development potential. Thunder Gulch Resources Ltd. Principal Norm Pearson, Gaia Senior Consultant/Project Manager, has over 30 years of experience in the mining business as an operator, prospector and problem solver. According to Pearson, the area is an excellent target and should be drilled and excavated for hard rock gold, and any alluvial or placer gold that is present should also be evaluated.
There have been recent discoveries and current operations in the surrounding areas to the north, south, east and west of these properties. Needless to say, this is a prolific region, and Gaia has projects located in close proximity to numerous known deposits. The Commonwealth mine, just north of the MFH property, was said to be one of the richest mines ever found in Arizona.

Gaia is currently reviewing areas in the United States along popular trends in Arizona, Nevada, California, Oregon, and Alaska. Locations in British Columbia, the Yukon Territories, and South America are also being reviewed.