why would you buy bullion at this point in the cycle.
There is not doubt it is going up but as an investment you need to do the math.
$10,000 invested in gold at $1750
vs
$10,000 invested in a well regarded explorer penny stock.
Gold rockets to $3500 an ounce. Way above most expectations.
Even penny stocks catch this wave as people pile in wanting exposure. Expect a 2c stock to rocket to 20cents in this scenario.
Your bullion investor has struck gold and his investment has doubled returning $10,000 profit when he sells out.
Your equity investor cleaned up with a 900% return of $90,000
Why would you buy bullion this late in the game?
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Add GOLD (COMEX) to my watchlist