A friend of mine, M Anthony-Lee, left his job as an investment banker in the city in 2003 as he had bought two repossessed gold mines; one in Guyana and the other in Sierra Leone. In 2003, gold price per ounce averaged around US$200-US$230.
As of October 2009, gold price per ounce is averaging around US$1,000. Calculate the returns over 6 years. Then, multiply that by every ounce of gold that was found.
For confidential reasons we will not disclosed there returns online. however, if you would like to learn how MAL did, then email us and we will reply to you within a few days.
What's in your portfolio?
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