Thursday, September 18, 2008

GROW

US Global has made its reputation on investments in the precious metals. The price of gold has gone up $110 in 2 days days while GROW has dropped from 10 to 7. Not every investment firm is going out of business; especially one with 30mln in the bank and no debt.

Basically, they had cash in excess of 100 billion dollars more than Lehman brothers who has been in business over 148 years.

I would say that as long as management is there we got a home run here. But I have been in the dog house on this one all year. We'll see but it make take awhile.

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