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Would You Rather Own Facebook, Or All The Precious Metal Companies In The World?

http://palisade-research.com/would-you-rather-own-facebook-or-all-the-precious-metal-companies-in-the-world/

Last week we compared the five largest companies on the NASDAQ to the publicly listed metals & mining universe. This week we refined the universe a bit more and compared the tech behemoth Facebook to the precious metal players.

Facebook (FB), which boasts a market cap of $150 billion, is nearly equal to the entire publicly listed precious metals universe, which has a market cap of just $170 billion!

That begs the question: Would you rather own Facebook or every single publicly listed precious metals company in the world?

With Goldcorp (GG), Newmont Mining (NEM), and Barrick (ABX) declining on average 80%, it is hard to conceive a much lower valuation for the sector.

By Cejay Kim

Vice President Investments
Palisade Capital Corp
palisade-research.com

 

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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