That is on the purchase.. not the sale. One only need to purchase an asset at a discount then the sale is a lot less relevant. Now is the time when prices are depressed, where fortunes are made. This is an opportunity. Will you take advantage?
I will buy today. I saw the breakout yesterday of the mining stocks. NOW looks like the time to buy the miners finally. Yesterday IAG had 13 million shares traded that's roughtly 3 times the daily volume and I was surprised it wasn't up higher than it was. In any case with such a low p/e, low book value, lots of cash on hand, profitable, almost 4 percent dividend which looks stable with potential to increase. a lot of debt which could be a concern if gold were to drop sharply which I do not see happening. costs seems to be their number one thing they need to watch and seems management according to their press release recently are working on that. this seems like a very good risk/reward bet to the upside maybe 200-300 percent gain in a few years, or sooner?
Macro Strategies, told CNBC earlier this week that the shift in sentiment towards gold could see the precious metal fall to $1,300 "easily" by the end of the year, a fall of almost 18 percent from current levels.
But LT gold will rebound as currencies take a hit.How low will it go?