To all the "adults" here. Answering "thefort4" is also on opportunity to make the bullish case for many other stock traders who might read your replies as well. You are chasing away other potential buyers with deeper pockets by being dismissive of this beginner. "thefor4." And you don't have to spend an hour writing a detailed position paper to answer him, just a sentence or two of decent advice.
thefort4, stand your ground here. There is no shame in being a beginner - but there is a pathetic quality to other stock traders who feel they have to attempt to belittle a young person asking a decent beginners' question. These guys use the anonymity of the internet to give you a hard time, something they would be afraid - or too cautious - to do in a bar if they met you face to face.
I'm over 60 and have no expertise here, but do want to help develop a partial answer to your question. The technology this company is set up to exploit could easily lead to a buildout of system with many paying customers. I believe they have a unique market niche. Do some research, starting at the company's website and also use the internet. Hopefully others here will give you a decent detailed answer to your question without the post-adolescent snark.
You haven't given one reason why we should buy this particular gold mining stock. I don't think we will default next week, but let's assume - for the sake of argument, you are right and we default (it would be two weeks and not next week). why is this IAG stock any better than leaders like Goldcorp or Yamina Gold? Why is it better than GOLD or GLD or any other type of gold index stock?
Merely saying that my fact filled earlier comment was a joke - and changing the subject - doesn't prove that your recommendation of IAG in not a joke.
Let me get this straight. IAG, which has a lot of overhead resistance because people have been losing money on this stock all year (and also the last 3 months) and would like to sell into any chance to break even is now your big buying prospect? Plus, as we enter the last quarter of the year, people will sell their 2013 losers (look at IAG's chart) for tax purposes against their 2013 winners. Are you sure you aren't SHORTING IAG now to make money? Just asking. You want another trade, okay, but to clean up an old saying, I wouldn't buy IAG with your money.