To the Moon, Alice! To the Moon! -Jackie GleasonWhile we wait, it sure is nice to see gold above $1,300. We will see if it holds. While we wait, let's review why we buy miners (explorers) instead of gold bullion. If you buy bullion at say $1,100, & it rises to $1,200 you are up 1/11th. At. $1,200 you are up 2/11th. Bullion also has high transaction costs. On the other hand, if you buy Barrick when their all in cost per ounce is $1,100, & they go to $1,200, the entire $100 goes to their bottom line. Further, as the price of gold rises further to $1,300 and beyond it all goes to the bottom line. Chances are good that you can buy an ounce of gold via Barrick for less less than $1,100. When you do, you are leveraging your profits against your lower cost. That is why Barrick's price will rise faster than gold. $1,100 per ounce cost for Barrick was just to illustrate. I chose Barrick because it is an active miner without the added unknowns of an explorer. To the Moon!