I believe that Goldcorp and other gold-related stocks are underpriced significantly. Consider these facts: - Gold production worldwide is at a 50-year low - The economies of both India and China are expanding rapidly, creating wealth unseen in either country - Newly wealthy Chinese and Indians will want to purchase gold for status, to hedge against inflation and the devaluation of their currency -unlike oil, gold is a commodity that is not destroyed by the consumer. - Foreign countries holding billions in US dollars will want to diversify and gold is historically the safe haven sought by people sceptical about the value of paper money.
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