RE: RE: Financial ?Help me out please.
The $400 Gold Weaton issue is not dead to me and no one here offered any good info other than "scram...or else" or "do your own DD". I did! That's how I found out how terrible this deal is. But am I missing something. I think this is a hedge and they must account for it as a loss, as in a hedge, you get cash up front, like FIU did.
And no one has convinced me why this is a buy at anything over $1. Once again for ProudItalian and others, I think I know what I am talking about - and you need to at least consider what I am saying so you can prove me wrong.
If FIU gave up 26000 ounces of gold PER YEAR for only $400 per ounce and they only got 50 million in cash for doing it, if gold is at $1400 an ounce for the next two years, then FIU is a terrible investment because they go ripped off this year, next year and every single year thereafter to the tune of $ 25 million per year in LOST profits. And they need to write off the $25 million as a $25 million dollar loss.
So come on guys. Tell me how this is a good deal. Any accountants here?