sdavid0419

Gold Stocks Look Cheap - BMO

The Gold Barron, and I don't want to speak for him, said "gold mines" not "gold" was a bad investment. There is a big difference. Gold is a finite thing with a value reflecting true worth. If a side of beef goes up to $200/lb gold will reflect that value. On the other hand a gold mine has other things like unfair taxes from the 3rd world country they mining in or fines or other things like power cut off from such countries. When I held Newmont I saw a huge overnight loss due to the CEO being arrested for poluting the local waters, a point vehimently denied by Newmont. Actual GOLD is what it is.