Gold?Probably not the best place to ask this question, but any thoughts on the price of gold?
SBB is my only gold exposure and a significant speculative play for me.
I see inflation creeping into everything (except the broken CPI Basket).
Also, fear is more popular than greed right now.
I love SBB as an investment from just about evry angle:
1. Gold catches abid.
2. They get taken out at a premium
3. We get a market re-rating due to more provcen ounces, less regulatory risk, etc..
4. And of course, worse case scenario we execute the business plan and unlock a world class, multi-generational asset.
But... back to gold and the risk of a commodity business. Doesn't matter how well you execute when you are a price taker and not a price maker.
Thoughts?
-And thanks!