Perform your own due diligence. Mining shares are not for the faint-hearted.
http://www.theaureport.com/pub/na/14696
Showing posts with label gold equities. Show all posts
Showing posts with label gold equities. Show all posts
Wednesday, November 7, 2012
Wednesday, August 4, 2010
Total market cap of gold equities
http://goldstocksdaily.com/2010/07/19/total-market-cap-of-all-gold-companies-262-1-billion/
It only takes a few big funds and central bankers from emerging countries (Russia, China, India, Brazil) to move the gold needle quickly and violently. Why? Because all the gold mining companies in the world are worth less than ExxonMobil.
The market capitalization for all gold mining companies globally is $262 billion. Exxon alone is worth $274 billion. The aggregate S & P 500 market cap is $10 trillion. When pension funds, mutual funds, banks, hedge funds, and investors rush into gold and gold equities, there will be trillions of dollars chasing companies worth $262 billion. It doesn't take a wild imagination to expect the prices of gold and gold equities to soar as a result.
It only takes a few big funds and central bankers from emerging countries (Russia, China, India, Brazil) to move the gold needle quickly and violently. Why? Because all the gold mining companies in the world are worth less than ExxonMobil.
The market capitalization for all gold mining companies globally is $262 billion. Exxon alone is worth $274 billion. The aggregate S & P 500 market cap is $10 trillion. When pension funds, mutual funds, banks, hedge funds, and investors rush into gold and gold equities, there will be trillions of dollars chasing companies worth $262 billion. It doesn't take a wild imagination to expect the prices of gold and gold equities to soar as a result.
Labels:
gold equities,
market capitalization
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