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S&P 500
5,487.03
(
0.25%
)
US TECH 100
19,426.40
(
0.12%
)
Dow Jones
38,834.86
(
0.15%
)
Brent Oil
84.77
(
-0.02%
)
Bitcoin
65,311.06
(
0.26%
)
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silver100

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silver100

Re: gold100 post# 10056

Friday, 05/12/2006 1:37:09 PM

Friday, May 12, 2006 1:37:09 PM

Post# of 115222
Here is how I look at it...

Take our market cap of roughly 30 million and divide it by our gold reserves of roughly 4 billion. You get 0.75%. So in that matter the price of gold only effects our share price by 0.75%. The other 99.25% is due to other factors like the ones gold100 mentioned, mostly the risks of being a pinky IMO. Once our market cap equals our reserves, the daily price of gold will have a greater impact.

A good example of a pinky that is trading closer to the value of its reserve is SRLM
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