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Re: LMLYP post# 39

Tuesday, 08/18/2020 11:46:22 AM

Tuesday, August 18, 2020 11:46:22 AM

Post# of 64
If you go LONG in signet you will be saying SO LONG to your money. Also GOLD is NOT a good investment, it's more out of a panic buy.

Let say gold is $2000 oz. and you have to pay spot so it costs you about $70 over spot so the ounce costs you $2070 more or less

Then when you sell it you don’t get $2070 or even $2000. You would have to sell if for $70 under spot so you would get about $1930 for the ounce of gold.

$140 has to be added to your cost of $2000 so gold has to rise up to $2140 for you to break even.

That’s over 5% gains before you even make any profits.

So lets assume gold goes to $3000 an ounce and you are into the ounce $2140 and sell it. You would make $860, which is hardly a great return.

To make let say $50,000 profits at a $3000 per ounce price you would have to divided $860 into $50,000 which means you would need to buy 58 bars of gold (ounces)

So to make $50,000 profit you would have to lay out $124,120 and to be honest GOLD is volatile. If the market comes back which it is you can be sure gold will prices will drop and even a little puts you in the negative.

A decrease of just 10% more or less would be bad for your investment.

Signets demise is NOT because of covid or the economy, it is because the CEO destroyed the company that makes it even more risky.

You want to go LONG on Signet?

Google Kay Jewelers Swapping diamonds

Google signet credit card fraud

Google Signets $240 million sexual assault settlement

What a GREAT COMPANY! Yeah sure.

$GNGR the signet alternative that is ON THE MOVE! Get in cheap; they are already tapping into signets market with NO illegal activity.

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