Using your 'back of envelope' figures.
A billion dollars in 'windfall' profits, on around a billion shares.
Split the additional profits between the company and the share holders, means an additional 50 cents per share on annual dividends, for a total of 80 cents.
Now watch the share price move upwards to its 'authentic' valuation, rather than the managed price, suiting nefarious interests.
And at $US3000 gold, sometime later this year, that is another billion dollars in 'windfall' profits, so repeat and rinse!
And also, when can we buy gold at Woolworths/Coles and friends? Imagine the conversations, at the checkouts, and the media interviews
Costco in the US sells gold bars..
"You've probably read about the fact that we're selling one-ounce gold bars. We sold over $100 million of gold during the quarter," sad CFO Richard Galenti.
Now, Wells Fargo estimates that Costco "may now be running at" $100 million to $200 million per month in gold sales.
"Our work suggests there has been significant interest given COST’s aggressive pricing and high level of customer trust," said analyst Edward Kelly in a Tuesday note to clients. "The accelerating frequency of Reddit posts, quick on-line sell-outs of product, and COST’s robust monthly eComm sales suggests a sharp uptick in momentum since the launch," CNBC reports.
Sales of Costco gold bars are now limited to five per customer (up from two), while executive members receive 2% back. Those who use their Citigroup credit cards will receive a further 2%.
(20min delay)