Major Gold Producers Stocks ...
... make me toooo nervous. How can an investor know for sure how hedged
they are, how far they have sold forward, and at what price, quantities, and at
what proportion of annual production. Too much, too far forward at a low price
and perhaps the stock price will not appreciate when gold does rally.
Too many questions and numbers etc for me.
And if they are not hedged, will they survive a prolonged and deeper drop in
the POG???
At this time, I prefer coins. Specifically, the generic common date mint state
uncirculated PCGS MS/65 Saint Gauden. They are less than $1000.00 (US),
have a 1989 high of over $5000.00, and when this compressed spring that is
the POG unwinds, should deliver a ten to one return easily.
This does not make me nervous, it makes me feel secure.
CG
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