The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
No Time to Fool Around - Get Physical
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Struthers Resource Stock Report (03/30/2009)
"I have commented a number of times before that a good cheap way to buy physical gold is to buy a futures contract and take delivery, but those days appear about over. It looks to me that the Comex will be defaulting sometime this year on all gold deliveries. They are no longer delivering the 1 kilo bars, but issuing a certificate instead (in other words a paper promise). So now, there are no coins to buy and now it appears no kilo bars. All that is left is the 100 oz bars. I doubt the 400 oz banker bars will ever come to market. You have no protection owning the ETFs and other paper certificates. They could all be defaulted on and none gives you any certainty of ownership when you need it most. Time is running out to own physical. However, Sprott Money is still selling and has a short delivery time so they have the metal. The only reason - is because it is probably not well known among gold investors. The premiums have gone up though, 9% on gold maple leafs and 40% on silver maple leafs, but the silver premium has been this high for a year or so now. Next best alternatives after coins and bars is James Turk Gold Money and the Central Fund of Canada TSX:CEF.A, NY:CEF but the Central Fund is selling at a 16% premium, higher premium than Sprott's Gold Maple Leafs." |
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Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
More Experts
"We expect PGLC's Relief Canyon site to be meaningfully advanced in 2016." (12/16/15) Pershing Gold Corp. - Heiko Ihle, Rodman & Renshaw More >
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