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I flew up to this remote corner of Canada – a section of northwestern British Columbia that's roughly the size of Connecticut – in the summer of 2007... to visit the largest gold deposit ever found in the country at that time.
Crude hit its all-time high of $145.66 per barrel on July 11, 2008. Rick and his clients enjoyed tremendous gains. Many oil sand players rose 300%, even 500% during that time.
If this conflict goes "hot," SAFE oil and gas assets will soar in price... the kind far away from the Middle East and its problems.
Starting in 1985, Franco helped finance some of the biggest gold mines discovered in the past few decades. Many investors doubled their money in one year. Lassonde and Schulich made hundreds of millions of dollars.
I know you've heard the "billions of people need this and that resource" argument before, but hear me out...
Gold miners are selling for an average of 35 times future earnings right now. That's too high. I won't pay more than 20 times future earnings, even when the price of gold is on the rise (and it's much better and safer to buy gold miners for five or 10 times earnings).
The average urban Chinese household has about $1,300 in disposable income to invest. While that doesn't seem like much, when you add up all those households, there's about $36 billion that could move into the next big investment opportunity – precious metals.
Right now, that much gold is worth about $32.6 billion - just 2% of China's total dollar reserves. China's frantic to exchange more of its trillions of dollars for gold.
While these mining regions have been open to foreign exploration for more than a decade, most of China's enormous wealth of metal is still in the ground.
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