Thursday, October 4, 2012
Streamers - charts look great
You've been living under a rock if you didn't notice SLW, RGLD, SSL and FNV's outperformance of everything else recently.
I was thinking, y'know... if I were the Saudi royal family, I'd be well served to buy out a major gold streaming company. I mean, if I've got a few billion dollars, why not buy 30 years of gold streams at a discounted cost, and just pipe all that gold to my own private vaults forever?
Similarly, if I was the central bank of the People's Republic of China, and I wanted to establish the yuan as a valid worldwide reserve currency, I'd be well served to buy out a major gold streaming company. I mean, for a few billion dollars I could buy 30 years of future gold production, and add that to my forex reserves to improve the standing of my currency.
I'm only sayin'....