OTCQX:BGMZF - Post by User
Comment by
halcroon May 26, 2015 6:48pm
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Post# 23767053
RE:RE:RE:Sprott's silver lining: when you wish upon a star
RE:RE:RE:Sprott's silver lining: when you wish upon a starpigbruinmcveid wrote: Mr. Market is taking some mean reversion...
Of course, maybe Mr. Sprott doesn't have his own money in these products.
Wonder how well Mr. Sprott will do at $880 gold in a few years. Not this year, but maybe in 5 years.
halcro wrote: Sprott Physical Silver Trust (PHS.U), was at $12.48 on January 2, 2013, now at $6.73 (lost 46 per cent).
Sprott Physical Gold Trust (PHY.U), was at $31.14 on January 2, 2013, now at $9.93 (lost 68 per cent).
Heh, heh. He'll have about 98 per cent of BGM by then, and will reap the benefits of BGM's all-in costs of $700.
He'll be making so much money that he might even need to get J Frank and Standard back into the company to burn up the excess profits.