Get Gold Exposure For Just $940 An Ounce

RBC has calculated that gold-related shares are currently pricing in a long-term gold price of $940, according to a chart highlighted by FTAlphaville.

While such excel-model calculations always need to be taken with a grain of salt, by RBC’s numbers Barrick Gold (ABX) appears as relatively under-valued. It would be interesting to see by what model RBC arrives at these valuations. Barrick, for example, doesn’t only produce gold.

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See Also:

• HSBC Tells Gold Bugs To Take Their Bullion And Gold Coins Somewhere Else
• Marc Faber: Gold Is Never Going Below $1000 An Ounce
• Asia, Europe, Commodities, Gold, All Up, S&P Futures Powering Higher