thanks bbotc.. on gold.. my parents said that they haven't seen $800 since the 1980s and ask me if this is a good opportunity to sell.. my opinion (before reading your post) was this will go to $900, and maybe momentum might bring it to $1000 so I said, maybe sell a bit now but don't sell much as I see it go to $900 and $1000 and it's hard for me to think that it will drop back to $700 or lower in the next 3-5 years. but anything above $1,000 should be crazy because the cost to mine the gold should be somewhere $280-$350 per ounce if I remember correctly.. if the price is way above $1000 supply will increase.. there will be more mine being worked on... could that be a true statement?
on AUY and NG.. I don't understand the valuation of te company.. is it related to the reserve that they predict that they have?
Is it better to buy te mining company? or the company that just tracks gold price... like companies that buy and sell real gold.. so we take risk on gold price vs, mining , operation, and reserve valuation... profit seems nice tough from the mining activity...
Also, How does it differ from investing in oil miners/producers?
Tia...
Stan
