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Newmont Mining Corporation Message Board

  • bimmyboris bimmyboris Mar 22, 2012 12:25 PM Flag

    Buy gold stocks now?

     

    they sure have been beaten down. And beaten down quickly. But not much in the world has really changed. Europe is still dead. Oil is still above $100 a bbl. Unemployment is 10%. Obummer is trying his best to make everyone believe things are great. haha. NEM is now paying a great divy with a forward PE of 10:1.

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    • Never buy Gold stocks.. Historically the worst performers with one exception Airlines.. Gold mining profits go to Gold mining execs, not Gold stock shareholders.. Thats why all these stocks are at the same prices they were back in the 1980's...the ones that have not filed for bankruptcy already.

 
NEM
16.40-0.07(-0.43%)Aug 4 4:04 PMEDT