Get Gold Exposure For Just $940 An Ounce
{ Posted on Nov 24 2009 by Vincent Fernando }
RBC has calculated that gold-related shares are currently pricing in a long-term gold price of $940, according to a chart highlighted by FTAlphaville.
While such excel-model calculations always need to be taken with a grain of salt, by RBC's numbers Barrick Gold (ABX) appears as relatively under-valued. It would be interesting to see by what model RBC arrives at these valuations. Barrick, for example, doesn't only produce gold.
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See Also:
- HSBC Tells Gold Bugs To Take Their Bullion And Gold Coins Somewhere Else
- Marc Faber: Gold Is Never Going Below $1000 An Ounce
- Asia, Europe, Commodities, Gold, All Up, S&P Futures Powering Higher
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