> >> Hmm, I see the TGC stocks trade down at 90. > > Anyone who bought shares in TGC at the start can offer their TGC shares > for 89.2 grams and still break even. > > This is based on a 9% increase in the gold price ($345 to $380) and the > 1.8% return from dividends so far.
True, but somebody who just kept his gold in his e-gold account is up 8.7% in dollar terms, so breaking even doesn't look so great. Another overlooked factor is the effect that changes in the price of gold have on TGC business. Did you consider what would happen if the price of gold doubles to $700 an ounce? Most people still think in dollars. Most of them would go to the casino with the same amount in dollars , and that would mean only half that much gold.. So, everything else being the same, TGC revenues and profits would decline by 50% in gold terms. A rising price of gold is not such great news for TGC Danny --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
