Posted by: beautifool December 23, 2013
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Why buy gold when you can buy a gold producing company's stock for so cheap. Take a look at IAG- Currently sells for 3.2. Book value is 9.75. Its like buying a Ford Mustang car that is worth 6000 dollars according to KBB.COM for only 2000 dollars from someone through craigslist or something.
Will check back in few months to see if IAG will go even lower than 3.2 or bounces back in the 4-5 dollar range.
Tax selling going on. Picked up 3000 shares today at 3.2. My Christmas gift to my wife. Gold, golden, goldened.
Happy Chirstmas to everyone and happy new year as well.