AUY sells for approximately $18 per share on the NYSE. PVG sells for around $13 per share on the NYSE. Which gold stock is the better bargain? Which stock can go up 33 times in price to seek the same valuation?
Comparing NYSE companies Goldcorp with Pretium Resources leaves no doubt that Pretium Resources is significantly undervalued when compared with Goldcorp. We expect that PVG will outpace GG over the next 5 years by a factor of 33 times.
Bullion banks and hedge funds are realizing that there is a limited amount of actual physical available. Physical supplies are running out and these shorts have begun trying to cover their positions. No large inventories exist for these buyers.
Gold would have to rise 25 times from here to catch up to levels of the 1930’s. The analysts predicting $12,500 per ounce may be correct after all! Gold is certainly not in a bubble when it is very under owned by the public and institutions.
Bonanza grades of Gold and Silver continue to be updated at Pretium Resources, Inc. indicating that Pretium has the potential to produce extraordinary earnings over the next 5 to 10 years, once production has begun. PVG is currently priced below $15.
Over the past year, Silver & Gold have endured various takedowns. Now I believe the corrections are over. Now is the best time to buy Gold & Silver and Sheldon's Finest Coins has the lowest prices around the USA. We also deliver in 1 - 2 days.