Target Price $1.50/Share, page-63

The gold price is a foreward indicator of inflation. Gold always starts to rise at least 6-12 months before inflation shows up in daily prices.

Gold peaks when central banks start raising interest rates at a higher rate than what the inflation rate is. if inflation is going up 2% and they raise interest rates at 2.5% gold will go down. if inflation is rising at 2% and they raise rates at 1.5% gold keeps going up.

During times like this gold shares will trade like growth stocks. rsg will start trading on a pe of 15 to 20 at some stage in this cycle.

Gold shares will be better than currency. those that have them will get wealthy.

go back and look at history.

IMO