iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,417 Blog Posts

Gold Miners Are Still Undervalued

Real quick late night back of the envelope food for thoughts analysis.

Back when gold was there shit, the price to sales ratio for RGLD was 22.8, presently 18.

The miners aren’t really priced for higher gold, in all actuality. As a point in fact, at 18x sales, RGLD is still 20-25 points cheap, according to the last valuation assigned to it during the last bull market in gold. In spite of the fact RGLD is +50% for the year, it’s still 20% undervalued. Some of the junior miners are 50-100% undervalued, based on historical comparisons.

Bottom line: get your dicks out and start going to work on these miners. Whenever the dip, pounce on them. If they rise and appreciate, sit back and smoke your estate pipe. DO NOT SELL. Only morons sell gold in the 2nd inning of an extra inning ballgame.

Good night, fucked faces.

If you enjoy the content at iBankCoin, please follow us on Twitter

6 comments

  1. helen

    I’ll go further than that; Miners are grossly undervalued. I KNOW most of these miners will be 5 times higher by the end of 2020… Enjoy suckers!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. spaceman

    Up all night staring at gold and silver futures never thought I’d get back my inheritance from 1999 having lost 85% in the Nasdaq 100 you see some of us have to wait longer than others to get back to even now isn’t this the time when I should sell all my coins and go back to fiat?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • metalleg

      No.

      Unless you can’t afford food. Even then, your coins will save your life so you’d be better off eating pasta and cat food until that fiat you speak of is no longer in circulation.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  3. mrcharlie

    Merci Le Fly!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. ericbakerbruce

    Correction: Unhedged Gold Miners are Undervalued

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. spaceman

    Help me the elevator broke!

    • 0
    • 0
    • 0 Deem this to be "Fake News"