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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: Re: Sinclair's gold target price formula

Hi sketch et.al.

Some time ago I posted that goold could trade as high as $500,000.00/troy oz.

Here is the basis of my calc.



Assume 8500 tons (U.S. short ton)

29166.67 troy ounces /short ton

$500,000.00/ounce *29166.67 ounces*8500tons =123.9583475 trillion u.s.$

Assume u.s. $ only worth 10% of todays value = 1239.583475 trillion u.s.$

This calc. assumes that the market will need to see goold equal to two times the value u.s.$'s in circulation in order to have confidence, after the debacle we are going through.

Good Luck to all!

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