RE: Dead MoneyAs central bankers continue to rachet up the money supply gold, will continue grinding its way up. So good on you buying physical gold or gold equities. Quite a few of the plays that I bought a while back have already run and I've booked some profit. I am actively looking for gold, as well as silver, plays that produce and are about to become cash flow positive. A daunting task to say the least.
You would have a very difficult time convincing me there is any value in MFC at this price. This company just reeks of sheer incompetence at the highest levels. In fact the great majority of the Canadian financial companies are being run to the ground. The financial companies need a sound and sustainable business plan going forward without trying to hit a home run every quarter. To me that's simply a recipe for disaster. There can be no reason that any MFC management should receive any extra compensation this year. Based entirely on their accomplishments this year management should be giving money back. JMHO