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I don’t believe in this rally: I’d like to buy a gold miner today FCX Freeport-McMoRan Copper & Gold Inc. September 19, 2008

Posted by deminvest in investment.

P/E: under 9 seems good

Dividend Yield: 2.7% is nice too.

Unfortunately, looking on Yahoo Finance profile, I found out they do Copper nine times more than they do gold:

owns mines containing  41million ounces gold worth $800 each = $32 billion worth of Gold reserves

and 93 billion * $3 = $279 Billion worth of Copper reserves


1. deminvest - September 29, 2008

I’m glad I chose Barrick… Barrick, being Gold, is up 15% in a week, Freeport, being copper, is down 15%, becuase copper is linked with constructions, telecommunications and with the economy. Barric is a golden safe Haven.

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