Buy Gold For 60 Cents On The Dollar? Here's How

Buy Gold Direct Commences Forward Gold Sales for Lake Victoria

Since Kingold is a manufacturer of jewelry made out of gold, the company holds a large amount of gold inventory at all times. As of its most recent quarterly financial filing, Kingold had a gold and finished product inventory valued at $163 million. Adding the value of that inventory to all of Kingold's other assets and then subtracting the small amount of liabilities gives Kingold a book value of $3 a share. Meanwhile, the current share price just under $1.80, less than 60% of that book value.

Gold to see second yearly price drop as investors shy away-GFMS

Lake Victoria holds nine prospective gold projects and five uranium projects within its Tanzania property portfolio. Additional information regarding the Company is available on the corporate website at: or by contacting: Lake Victoria Mining Company, Inc. David T. Kalenuik, CEO & President Phone: 303-586-1390 Email: Disclaimer This news release may contain forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and within the meaning of Canadian provincial securities laws applicable to the Company. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to obtaining financing to meet the Company's exploration programs and operating costs during its exploratory stage, the interpretation of exploration results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, accidents, equipment breakdowns, title matters, or other unanticipated difficulties with or interruptions in production and operations, the potential for delays in exploration or development activities or the completion of feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, regulatory restrictions, including the inability to obtain mining permits and environmental regulatory restrictions and liability, the speculative nature of mineral exploration, dilution, competition, loss of key employees, and other risks and uncertainties, including those described under "Risk Factors" in the Company's Annual Report on Form 10-K filed on June 28, 2013, which is on file with the Securities and Exchange Commission, as well as the Company's periodic filings available at and with Canadian Securities Administrators at .

"We take the view that tapering will continue throughout the course of the year, and the global economy will tend to get slightly better," GFMS manager Andrew Leyland said. "There's little reason for the flight to gold you saw at the beginning of the financial crisis to start up again. "That means that the gold price needs new drivers, which started to kick in last year in the form of physical demand," he said. "The level around $1,200 is where we see a long-term floor come in for gold." Strong buying of physical gold is likely to kick in if prices slide, GFMS said, keeping the metal pegged above last year's low of $1,180 an ounce. That would partly offset falling investment and a rise in mine supply to record highs for a fifth straight year, but significant further gains are unlikely. "On the downside there is probably more risk in the short term that gold prices could go down towards the $1,100 or $1,000 an ounce level," Leyland said.