Ben Kramer-Miller
Gold & precious metals, macro, research analyst, deep value

Gold Reserve Inc.: Should You Buy Dirt Cheap Gold In Venezuela?

This article is about Gold Reserve Inc. (OTC:GDRZF), which owned and is currently fighting for the rights to a large gold and copper mine that was confiscated by the Venezuelan government in 2009.

1: About Gold Reserve Inc.

Gold Reserve Inc. has a market capitalization of roughly $215 million, or $230 million fully diluted. It owns the Brisas gold and copper mine which has nearly 30 million estimated gold-equivalent ounces. The company has completed an NI 43-101 (which is an official geological report accepted in the mining community) for Brisas, and it can be mined profitably.

Unfortunately the mine is located in Venezuela, and the Venezuelan government, under Hugo Chavez, confiscated Brisas in 2009. While the company is...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details