AuRico Gold Inc. (NYSE:AUQ)

CAPS Rating: 2 out of 5

The Company is a mid-tier mining company which is also engaged in the exploration for and development of gold and silver deposits in Mexico.

Recs

1
Player Avatar gmXmkttiming (28.24) Submitted: 1/23/2009 2:26:24 PM : Underperform Start Price: $5.89 AUQ Score: +171.89

I'm having trouble laughing at these gold mining stocks. I can only see the lost savings of all the newbs buying into this prop job, One of my friend's dad went all-in long SLV at 19.50 last summer in his IRA. That cost him a good 150k. All the evil people (avoiding expletives for all the CAPSters with sensitive ears) touting and promoting these fraudulent companies at 3x their real value better enjoy sulfer cause their afterlife ain't going to be fun. Selling junk to uniformed people puts you in the lowest rungs of hell in my opinion. It's almost as evil to tout GG at 30 as it is to tout RPRX at 11... large losses are guaranteed either way.

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Member Avatar XMFSinchiruna (27.53) Submitted: 4/9/2009 8:23:03 AM
Recs: 7

That overly concentrated position in SLV only "cost" your Dad's friend 150k if he sold out in a panic... which under the circumstances one can understand. If, however, he never sold a share, he'd have taken no real losses, and will more than double his money when silver has its day.There's nothing evil about touting GG at $30. Maybe one of these days you'll take a fresh look at GG and understand what you're missing. :) If you truly believe the company is that bad, I challenge you to keep your GG red thumb in place beyond the short-term correction in gold and well into $1,000 territory. I know you don't believe gold is going there, but when it does, let's see how fast you cancel your GG call. :)

Member Avatar RonPaul5 (< 20) Submitted: 3/24/2011 8:13:49 AM
Recs: 3

Your dad's friend would be rich today if he would have stayed in silver. If you don't understand why gold and silver are the best place to put your money they probably aren't for you.

Member Avatar hot1053 (32.95) Submitted: 7/18/2011 12:10:29 PM
Recs: 0

Take the time to get educated about our current and future money supply, the BRICS nations working outside of the dollar, the silver supply and the gold supply. Too many dollars are circulating into the economy and there are less and less legitament buyers out there. Last checked the federal reserve is still the biggest holder of US treasuries as other countries are stocking up on precious metals and diversifying into a basket of other currencies.

Member Avatar ffbj (64.93) Submitted: 10/17/2013 10:24:53 AM
Recs: 0

For me I like to think of gold and silver as a hedge, not a primary investment. If most everything else falls apart they will still be there.
Dire predictions of the past 5 years have not come true, and adamant predictions concerning the downfalls of economies worldwide have not come to fruition, but that does not mean they won't happen eventually. Recently fall 2013, gold and silver have been coming back, possibly thanks in part to our dis-functional congress.

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