So yes you could buy physical gold but it pays no return and your betting on prices rising not falling and judging by how cranky old gold is. It's really uncomfortable under your mattress to squirrel
it away all those lumpy bits of bullion waiting for the end of days, however I think he would buy Silver bullion to make himself feel richer which explains the extra crankiness we get from him as those would be some serious cricks in the ol' back sleeping on a mattress with silver bullion underneath
I do believe gold prices will be going up and up, however the smart way to play would be to load up on west wits.
Assuming we end up with 3bn shares on issue to finally get underway you could buy up 1% of the mine for 30m shares for $450k. That gives you 40000 ounces of gold revenue with AISC in the lowest quartile globally. What's that $80m revenue $40m profit at today's prices.
If gold soars that equation changes dramatically as well to the upside. If you factor in there's 12m oz of gold to the old JORC and some uranium as well then your looking at 120000 ounces for 1% ownership $240m revenue and $120m profit not bad for a $450k outlay.
Hence just get on with mobilisations guys let the train leave the station all aboard.
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