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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: nickel61 who wrote (2977)5/21/2002 6:32:08 PM
From: russet  Read Replies (1) | Respond to of 3558
 
They are only claiming the $365/ounce by assuming that the gold they borrow and sell short today is going to produce proceeds that can be invested for enough years at 5% to equal $365 gold.

So your wisdom is to leave the gold in the ground for up to 18 years and ignore it, when you could be making interest on it. More incredible logic from the wonderous Nucklehead!!



To: nickel61 who wrote (2977)5/21/2002 10:36:35 PM
From: FuzzFace  Read Replies (1) | Respond to of 3558
 
It's the same kind of logic that drove Amazon to 400 because they were "playing the float". Some people are unduly enamored of the "magic of compound interest". But when investing, one should be aware it works in reverse as "discounted cash flows".


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