Goldcorp, Inc. (USA) (GG)

FoolforSilver (96.63) Submitted: 12/01/06 4:42 PM : Start Price: $30.55 GG Score: 7.14

This is a great stock to own for exposure to gold. Gold has gone from $300 / oz to over $600 / oz. in just a few short years. However, this is just the beginning. Excessive FED credit is leading to hyperinflation, so people will dump dollars (a worthless fiat currency) and move to protect their money buy buying gold. GG can produce gold at approximately $300 per ounce, and sell it at market rates (over $640/oz.!!). Is this a great business or what? China is planning to use its 1 trillion dollar cash reserves to buy gold, as a hedge against the falling US dollar. This alone will propel gold to $1,800.00 per ounce within three years. Want to own a 10-bagger that will get there in 5 years or less? Back up the truck and buy GG, the world's best gold producer! (yes, I do own the stock, and yes, I will be buying more !!!)

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