I'll tell you Carmine, when I bought my first shares of True Religion Jeans in 2004, there were 20M shares outstanding, today there are 26M shares. The share price went from $1 to $27 today. They make something noone needs and everyone wants. $300 blue jeans.
When I bought my first shares of SFMI in 2008, there were 65M shares outstanding, and the price of gold was what $6-700/oz. Today there are close to a Billion, Gold that could have been sold has been "stored", and then these headlines
"Gold futures for June delivery plunged 4.1 percent to settle at $1,501.40 an ounce at 1:45 p.m. on the Comex in New York. The metal is down 21 percent from a record settlement of $1,891.90 in August 2011, meeting the common definition of a bear market."
By the time these guys get their mountain producing, there could be 2B shares and the price of gold could be down to $1200.
What could be worse?
Iggy
